Someone asked whether I truly believe there will be a lot of no offers in the 2009 summer class (i.e. fall 2010 starts), even at the top firms. I believe there will be a lot of no offers, yes even at top firms. Perhaps less at the top 1-10; my view is that they will continue to hire who they perceive to be the very best students. Overall, though, most firms are going to be very carefully analyzing the performance of each summer associate. In the past several years, pretty much the story has been as long as you didn't mess up significantly or piss off a big P, you would get an offer. In other words, it was kind of hard not to get an offer. But, we are moving back to when I was a summer associate -- in those days, most of my class in my office did not get offers -- I am not sure what the deal was, I think the firm decided later they didn't need as many entering associates.
Here's the issue. Most of the firms went out and did OCI as usual in fall 2008. Sure we were more in the buyer's seat and had perhaps slightly smaller classes. But most of the firms did not perceive how dire things would get. Remember, mostly stealth layoffs at this time. So, late fall came, offers out, offers accepted. Around late December/Jan, the sky started to fall. Firms going under, mass layoffs, delayed start dates, firms start to think why should we even have a summer program? Some cut the program. Now we have these offers out for the summer and quite frankly the firms wish they could take them back. Most don't even need all the people they have on the books, and they have the entering - formerly fall 2009 now winter 2010 to deal with. The long and short of it is that most firms have overhired for summer 2009 and will really analyze the hires carefully.
This means that you will need to be stellar, and yes, I will go over that (some I have already covered). I just don't want to do too early because then people will be asking again in May. The days of being assured that you will get an offer are over. You are now fighting for an offer. BE ON YOUR GAME.
Before I do start posting about the summer, please do ahead and review the posts from last summer when I started. There I was pointing out some basic dos and don'ts. Of course, that is basic behavior. Your substantive job performance and interactions must be impeccable.
And you've got to try to get work from areas that are perceived to have needs going forward.
So in the meantime, a couple things: keeps Google searches on your firm so you can see what is going on (comings, goings, big new clients, cases etc -- Google alert good for this). This may help target "busy" groups. Keep all your interactions with the HPs and recruiting staff on a professional, courteous (non-psycho) manner. We know you are nervous, try not to relay the deer in the complete headlights approach. Respond promptly and succinctly to communications. Whenever I send Andrew a message about the summer and he gets back to me, without any angst, 1,2,3 answers the question or whatever, I think, this guy is good, no pain in the neck/entitled soul, doesn't need coddling, seems like a team player, easy to deal with. Just my 2 cents.
Hang in there.