Correction, 8/10/11, 12:45 p.m. EST: The original version of this story included inaccurate data for the size of summer associate class sizes at Cravath, Swaine & Moore; Fried, Frank, Harris, Shriver & Jacobson; and Skadden, Arps, Slate, Meagher & Flom in 2009 and 2010, as well as for the rate at which the firms extended job offers to their summer associates during those years. This story has been revised to include the correct data. We regret the errors.

The latest version of The American Lawyer’s Summer Hiring Survey shows that large law firms extended 33 percent fewer job offers to their summer associates last year than they did the year before–a drop partially explained by the fact that summer classes were down across the board.

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