Latest figures show size of squeeze…
Legal profession’s regulator will take a closer look at supply and demand…
September starters in London deferred for a year…
Things looking up north of the border…
The temptation might be tremendous but don’t be seduced…
Carve out your niche…
Furture trainees see positions evaporate…
Apparently no one has told them that there are aren’t enough training contracts to go round…
The telecoms giant has followed the likes of Rio Tinto and Microsoft…
Signs of life are appearing on the graduate recruitment front but that looks set to be matched by NQ fallout…
Herbies offered £10k to future trainees to stay away for 6 months earlier this week…
It’s not all rosy in the City…
Controversey on the training front this week…
The LSPI, a think tank that was established by the CoL in 2007, has published a paper that proposes Âmoving the point of qualification for solicitors to Âsuccessful completion of the LPC. i.e. everyone that completes it would get to be called a solicitor.
We can understand why everyone contemplating/studying/selling the LPC might like this as there are more LPC students than training contracts. Removing the final hurdle to qualifiaction (the training contract) or …
When Clifford Chance released their results last week the main focus was on their £60m cost of restructuring. However, another interesting detail to emerge, picked up by Legally India , was the 12,000 hours of work farmed out to Clifford Chance’s Gurgaon "knowledge centre". The report stated, "Knowledge Centre lawyers worked with 15 offices last year, putting in over 12,000 hours of work on over 300 client projects… On a large project for a major international bank the use …
As Wragges battled through its second redundancy consultation over the summer, it sensibly decided to shelter potential recruits from the bloodshed. Having enthusiastic students running around asking for work that is not there from people who might not be there for much longer doesn’t make a great deal of sense. Neither does it do to show those you are trying to attract to your firm what things look like when it gets messy. Unfortunately, by postponing the vacation schemes …
Suit a bit tatty, car falling to bits? Shrinking blance sheets and withering cash flows ensure new purchases face indecision. And it’s not just TV’s or iPods that are hanging in the balance; the Gazette has revealed that Kevin Poulter, former chairman of the Junior Lawyers Division (JLD), said some firms were waiting until the last week of the contract before telling trainees whether they would be kept on. And JLD chair Heidi Sandy said trainees had to ‘wait …
In an unusual move Camerons has asked its NQs to defer starting as qualified lawyers. Last month the firm managed a respectable retention rate of 77% having offered 21 out of 30 qualifiers jobs as associates and finding alternative roles for two of the others; one as a paralegal and another as an assistant to Camerons general counsel.
The latest revelation sees the firm requesting seven of its newly-qualified trainees to defer starting by up to three months. It is …
As with everything else that can be trimmed, firms’ vacation schemes are being scaled back through the downturn. The beauty contests for future trainees are being chopped into all over the place with firms citing a variety of reasons including students’ need for flexibility, lack of popularity (particularly at Easter) oh, and cost as well.
So where are students going to find it more difficult to grab a coveted place on a vac scheme this time round? The Lawyer has …
CMS Cameron McKenna has kept on 23 of its 30Â newly-qualified trainees, a healthy 77% retention rate. Although a little down on last September’s rate of 85%, this puts it in a similar range to other City firms. Recent results include Lovells which retained 69% of its trainees whilst the Magic Circle firms all managed to keep retention rates around the 70% mark. Slaughter and May still has the highest rate among leading City firms at 94%.
Camerons offered 21 …
Lovells has confirmed that it is holding onto 25 out of its 36 newly qualified lawyers in September, a 69% retention rate.
This represents a small drop compared to the firm’s retention rate for September 2008 which stood at 74 per cent, but is not bad given the climate.
Slaughter and May still has the highest retention rate among leading City firms at 94%; a figure unlikely to be topped we think. We’d be happy to be proved wrong though…
