Date: March 17th, 2009 9:22 AM
I'm a 1L and I have no skin in this, so I'd thought I'd pass along.
I was home at my parents place the night before I was leaving for the airport. they live in the kind of suburb that has lots of lawyers.
Turns out 2 couples are coming over for dinner, both with 50-something lawyer husbands. I go down to say hi. The conversation turns to all the layoffs and how the law students are dealing with it.
In the course of this conversation the two guys agree that their firms, which are about to put in deferral programs, are doing it as a prelude to rescinding offers.
Simply put, you defer (or are deferred mandatorily), you're out, unless the economy comes back. One said, and I quote verbatim, "You should tell your friends that if a firm defers them they should presume they need a new job."
I think both their firms are V100 places.