August 13, 2009
Is the bad economy going to change the relatiohsip between schools and firms?
This new article available via law.com, which is headlined "Fordham Law School Bans Reed Smith After Firm Pulls Out of On-Campus Interviews," has me wondering whether the rough economy is changing for the worse the relationship between law school and law firms. This passage also lead me to wonder if legal employers might be interested in changing the long-standing norm of looking for legal talent among students just starting their 2L year:
Reed Smith will have a summer program next year but it will be smaller than in the past so the firm had to make some adjustments to its recruiting. [Michael B. Pollack, global head of strategy at Reed Smith] said Reed Smith would still be interviewing Fordham students but at its offices and not on campus. "It's unfortunate that it didn't fit within Fordham's schedule and calendar, but we're trying to manage this thing as best we can," Pollack said.
He said he thought the firm was up-front with the schools about its decision to pull back from some recruiting. Many firms are doing a number of different things as every sector of the legal industry has to re-examine the way it does business. "Does interviewing in August make sense when you're trying to project [what your needs will be] two years from now?" Pollack asked. "I suspect not."
Law schools and law firms need to have a serious dialogue on the issue, he said. While not everyone is fully aligned yet, he said he hopes these issues can be worked out so a similar situation doesn't happen again.