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Firms know canceling their summer programs makes sense and are ready to do it. The holdup? Finding a way to proceed that doesn’t incur reputational damage. The natural way to think of the logjam breaking is for one of the elite New York firms to make the first move, just as they do on salary increases. The announcement would be twofold: we’re canceling the summer program and we’re giving you a full-time offer for next year.

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