Becoming More Standard: Delayed Start Date, as Perkins Coie Caves to Slow Market

 Now confimed is the rumor bouncing around professional anonymous networks yesterday: Law firm Perkins Coie is delaying start date for Class of 2023 until January 2024. The exception is those slated for the Intellectual Property practice. They will begin work in September 2023. There is a stipend of $15,000 for those whose career is put on-hold. 

This has been expected. With the market in corporate not recovering the experts have anticipated that more law firms would hedge through such a move. It preserves cash, retains access to that talent and yet could pull back on the offer if the demand doesn't pick up.

The issue for the Class of 2023, articulated on professional anonymous networks, is twofold. One is if their start date will also be put on-hold. Continually there are postings about no formal notication of when to come aboard. And, two, is the fear that such a step could wind up being a snatched-back offer. 

The elephant in the room is: Will the carnage of 2008 - 2009 unfold again? There is such uncertainty and volatility that, hey, anyone speculating could wind up looking foolish. 

2023. It’s the year of AI, along with uncertainty, inflation, war and more. Jane Genova provides you with a complimentary check-in for your organization’s communications and your own career. It’s free. Content-creation and coaching provided on a sliding-scale fee basis. (for appointments text 203-468-8570 or janegenova374@gmail.com)


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