In the midst of an economic crisis that appears to be worsening, BigTex firms are tallying up the number of 2008 summer associates — current third-year law students — who have agreed to join the firms as first-year associates in the fall of 2009 and finding an acceptance rate that has not changed much from recent years.
So what can that mean? With the economy sputtering, it seems reasonable to expect acceptance rates at large Texas firms to skyrocket this year, as law students grab the sure thing and take guaranteed post-graduation jobs. After all, those students can’t be ignoring a steady stream of reports of associate layoffs and nixed offers at big national firms.
