Deferral strategies represent an effort by some law firms to keep their word to recruits, preserve their reputations at law schools and maintain a stockpile of new talent in case of an economic rebound. But if firms make good on assurances to this year's graduates, the class of 2010 could prove to be the fall guy. A "collision of classes" is expected by James Leipold, NALP's executive director, and he's not alone in thinking new associate supply will outstrip demand once the deferred start dates arrive.
Deferrals Could Create Pile-Up of Available Associates
The National Law Journal
May 12, 2009