AmLaw Daily released its Summer Hiring Survey results today and most of the firmwide numbers — especially from The A-List — were dismal at best.
On average the 114 firms who responded cut their summer classes by 44% for 2010, hiring an average 31 summer associates this year compared to an average 55 summer associates in 2009.
Several top firms drastically reduced their firmwide summer classes, including Pillsbury, which saw a 67% drop to 17 summer associates hired in 2010 from 51 hired in 2009, while Orrick's summer associate class shrank by nearly 60% from 68 in 2009 to 28 this year. Cooley cut its class to 24 associates in 2010 from 53 in 2009, a 55% drop; Fenwick decreased its hiring by 31% to 27 associates from 39 in 2009; and Sheppard Mullin reduced its class by 23% to 27 associates in 2010 from 35 last year.
Other firms reporting a substantial drop in summer hiring include O'Melveny & Myers, which cut its 2010 summer class by 50% to 62 associates this year from 104 in 2009, and Paul Hastings, which hired only 86 summer associates this year compared to 142 associates in 2009, a drop of nearly 40%.
Latham and Gibson Dunn had two of the largest summer classes on the list (110 associates each), but both firms still acknowledged their numbers had decreased from 2009.