/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;Morgan Lewis cancels its summer program and OCI for 2010; Paul Lippe thinks &#39;many, many&#39; firms will follow suit: &lt;/p&gt;&lt;p&gt;&lt;em&gt;OCI is not just any activity for a big law firm. It is, in the language of modern business, the &lt;/em&gt;&lt;strong&gt;core process&lt;/strong&gt; &lt;em&gt;of a large law firm. The whole value proposition of a large law firm is built around the syllogism: &quot;We hire the smartest people from the best schools. They work the hardest and do the best work. And we charge the most money.&quot; The whole profitability model has been built around charging for the time of young lawyers. If firms cease--or even suspend--this hiring process, it will have big implications for their identity.&lt;/em&gt;&lt;/p&gt;&lt;p&gt;Stay tuned.&lt;/p&gt;&lt;p&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -posted by brian&lt;/p&gt;

Vault Law Editors

Article

Day in the Life: Insights from Attorneys in General Corporate Practice

Happy Martin Luther King Jr. Day from Vault Law

Learning and Development for Junior Associates

The Summer Experience at Weil’s Boston Office

The Library