Back in the great recession, I was reviewing one of those legal magazines that takes about three months to circulate around the office. In it, there was a full-page add by a large insurer, telling institutional investors with subprime CMO portfolios that they could cover that risk via a program offered by the insurer.
The insurer in question was AIG, and by the time the magazine and ad came to my desk, the ad was deeply ironic.
Fast forward. We (and all the mooncalves of the world) are just now favored with NALP's simpleton happy talk about the robust character of 2019 recruiting, and the peachy rate of offers to summer associates.
https://www.nalp.org/uploads/PressReleases/PerspectivesReportpressrel3_18_2020.pdf
Wonderful. So, notwithstanding the red, recessionist spraypaint sayin' it on every wall, this would be a great time for all those kids to rent a pricey urban flat and put money down on a new BMW, right? Right?
Huh. What happened to the "summer associates" who were going to be first-years in 2009? Did something happen? Is B. McLeod somehow the only person who can remember that far back? Massive layoffs? First-years finding their offers "rescinded"? Maybe somebody said something about that stuff in that ABA Peeps Contest that existed in those days.
https://www.abajournal.com/gallery/peeps/196
Oh, yeah. All that stuff that happened. Has BigLaw grown somehow famously kinder and gentler? Does NALP think things are somehow going to be different this time around?
Bend down and grab your your heels, kids. The BigLaw Express is comin' at ya!!
No comments:
Post a Comment