No interns next summer for Morgan Lewis - Philadelphia Business Journal:

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The 2009 program is in The firm, which is the largest based in informed law schools that it will not conductyany on-campus interviewing of students during the normal fall recruitmenyt period and will not have a 2010 summer internship program. “Wee continue to be committed to law school recruitingand entry-level hiring,” said firmwide hiring partner Eric Kraeutledr in a letter to law school deans and careeer planning administrators that was provided to the Business Journal. our highest priority is to provided opportunities for our existing associates and 2009summer associates.
” As a resulr of economic conditions, Morgan Lewis decided in March to defer the starg dates for its first-year associates from October 2009 until Octobetr 2010. The firm simultaneouslyh decided that any offersz extended to its 2009 summer associates woulds be for start dates during 2011 rathethan 2010. Morgan Lewis said all of the deferredd associates have elected to participate ina firm-sponsored fellowshiop program, under which they will receive stipends of up to $60,009 while working in government and public interest Kraeutler said the firm is amid a successful summerr associate program, and plans to extend offerxs to as many law students as possible.
like other firms, we continue to experience reduced demand for servicesw in some areas of practice and lower levels of associate attrition than in past Kraeutler said. “We, therefore, unfortunately are presentedx with a situation in which any hirinbg that we do this fall for a 2010 summef associate program would reduce the number of offers we would be able to extend to our 2009summe associates.” Morgan Lewis laid off 55 lawyers and 161 support staff across all U.S. office s in March. Morgan Lewis had 1,412 lawyers and 1,710 support staff in the United States as ofMarcn 2. It has 1,506 lawyers firmwide. In the Philadelphias area, the firm has 314 lawyer and 306 staff.
Morgan Lewis Chairman Franciss M. Milone said the firm has not seen a rise in demandd for services and nor has it seen further He noted the firm has addee nearly 50 lateral lawyers in recent montha but that he expects the downwardc pressure on rates from clients willnot change. Milonee said the firm has also eliminated lockstep in favor of amore merit-based