5 Things Firms Stand To Lose By Axing Summer Associates

Law360, New York (July 24, 2015, 2:41 PM EDT) -- As Quinn Emanuel Urquhart & Sullivan LLP's decision to effectively shelve its summer associate program reverberates through the BigLaw community, some other firms are hesitant to chart a similar course for fear of missing out on the many benefits those programs offer their shops.

The value of summer associate programs for the young would-be lawyers is undeniable, as they are able to learn from some of the sharpest legal minds in the profession and pad their resumes for future opportunities. But to frame the arrangement as a one-way transaction is shortsighted, according to Kathleen W. Cannon, the managing partner of Kelley...

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