15 September 2009

"Awesome" offer rates to Philly summer associates

The Above the Law blog writes about job offer rates to Philadelphia summer associates:
[A] 75% offer rate in Philadelphia sounds awesome.
Huh? Not if the numbers are skewed because firms had taken on smaller classes of summer associates the first place, it doesn't.

The math isn't hard, even for lawyers. Drinker Biddle, according the article, offered employment to 13 of 19 summer 2009 associates. That's 68% -- but it's still only 13 people. (And note that they reportedly laid off about 20 people last December, anyway.) If only they'd taken on a smaller class to begin with! If they'd recruited, say, 15 summer associates, their 87% offer rate would have beaten everybody else's in town!

The better question is, what was the flat number of offers given to Drinker Biddle's 2008 summer associates? Google isn't helpful, but something tells me it was more than 13.

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