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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.

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Jack Newsham

Jack Newsham writes about the New York legal community and the business of law, including law firm finance and management and the battle for talent. Email him at [email protected] and find him on Twitter @thenewsham.

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