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09/02/2008 09:06:13 AM EST

Is There a Silver Lining to Delayed Start Dates?

Posted by

AME3bg

By now you’ve probably heard about the delayed start dates at some of the biggest U.S. firms. Could it be a harbinger of better days ahead? According to an article on Above the Law, short term pain could mean long term gain for associates.  Following the dot-com fiasco, the number of associates employed by the country's 250 largest law firms dropped, but in the following years, the firms were required to hire more associates and salaries skyrocketed. If history repeats itself, the current downturn could mean better times are ahead.