I think late July might be kind of late?
My school said send them out early July and try to be available to interview in market in early August before school starts.
But before we find out whether we've made journals or not? I would hate to jump the gun and lessen my chances if a particular firm really wants journal experience and assumes I'm not going to have it, since it's not on my resume.
I don't see why you couldn't simply send an updated resume if you made a journal. If anything it's more time they spend looking at your name.
I haven't really heard of too many firms caring about journals.
Terrible...just terrible. I don't think the OP's said what school he or she attends. If it's not Columbia or a T-14, journal becomes more important. If its a school that's not within the Top 20, and/or the poster isn't ranked in the top 10%, journal/LR takes on even more importance.
But I also think that you maybe be able to update the resume, and have that work out fine.
One suggestion to get a handle on when you should start sending things out is to just call some of the firms you're interested in. Talk to the recruiting coordinator, ask them when it would be appropriate to send your resume for consideration for the 2009 Summer program