Corinne McPartland, Lawyer 2B
Allen & Overy has axed its forthcoming Easter vacation scheme due to “lack of interest” from students.
The magic circle firm claimed that more students have been applying to its summer and winter programmes, making its 10-day Easter scheme redundant.
A spokesman for the firm said: “There has been a general lack of interest from students applying to our easter scheme compared with the others. Therefore
the five or so students who met the criteria for our Easter scheme will now be put on to our summer programme.”
The news comes just after Charles Russell announced plans to cut its two-week summer vacation scheme in half (12 February) and Field Fisher Waterhouse’s decision to cancel both its Easter and its summer programmes (12 February).
A&O currently accepts 60 students on its three-week summer scheme and 20 on to its 10-day winter programme. The firm has not made any decisions about whether its Easter vacation scheme will go ahead in 2010.
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Readers' comments (6)
Gavin | 17-Feb-2009 6:56 pm
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Maybe students are losing interest in the magic circle altogether?
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Anonymous | 18-Feb-2009 0:50 am
hmmm
c'mon.
huge increase in the talent pool applying to law due to fewer opportunities elsewhere in the city, yet A&O feel there's a lack of interest...
i'd love to know how their "criteria" compare to previous years, and whether this is just a reflection of desire to cut the cost of the scheme by weeding out candidates at the VS stage more brutally or a broader indication that they will actually be recruiting fewer trainees for 2011. or both!
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Anonymous | 18-Feb-2009 10:18 am
Gimmick
It's an expensive recruiting gimmick. Better to get rid of that than sack associates.
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Anonymous | 18-Feb-2009 11:06 am
makes sense
The Easter vacation schemes have never been as popular because those students who are serious about their studies prefer to spend the easter vacation revising for up coming exams. There is an overwhelming interest in vacation schemes generally, however the question is whether the interest comes from good candidates, as I suspect the vast majority of those are still set on a summer scheme wherever possible.
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Anonymous | 18-Feb-2009 1:49 pm
Gimmick/makes snse
of course it makes sense for the reasons set out in the posting. It is not a gimmick, just wrong dates, given the costs of trainees and the doubeful inital value to a firm when bilkling is coming under presure , anything which improves retention rates (/i.e you have selected the right number of the right candidatess and they want to stay with you) makes total sense. The weeding out of one candiate becuse you dont like them or they dont like you will fuly justify the cost of this "Gimmick".
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Anonymous | 18-Feb-2009 6:51 pm
lack of interest
i have a very hard time believing that the primary driver in this is a lack of interest.
Why not just say they want to cut costs?
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