Putting off summer associate programs amid the coronavirus pandemic doesn’t always mean a big cost savings for firms.

Cahill Gordon & Reindel announced it was suspending its summer associate program but will offer jobs upon graduation in 2021 to would-be participants and still pay the 30 summer associates “in full for the summer.”  The New York-based firm pays summers $3,600 per week, meaning the firm is still on track to pay hundreds of thousands of dollars to summer associates stuck at home.