Looking at NALP for firms in secondary markets, I was surprised to see how many no-offers there were. It didn't seem uncommon at all. I was trying to figure out where to apply for OCI, and it was a little scary to see at least 4-5 people out of a 20 person SA class not get an offer, especially since those numbers came during better financial times (even if it was slight). I couldn't figure out if it's just more common in secondary markets, because it seems pretty rare in NYC and DC, or if there was more to it.