Streamlined. I submitted an application (resume, cover letter, transcript) via my school's career development office and was contacted about one week later. Phone interview from the recruiter seeking mostly to find out my interest in the firm, specifically, and why the city as well. After that, was contacted via phone by the hiring partner for a more informal chat, similar to a callback interview seeking to determine "fit." Everyone I spoke with was incredibly friendly and the process was relatively quick.