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12 November 2001
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1 October 2002
Cadwalader has scrapped the scheme, which included a week in the New York office, because participants were not applying for training contracts.Alison Smith, Cadwalader's head of administration, said: "The old scheme did not represent the most cost-effective means of targeting the numbers and quality of candidates we hope to obtain."A source at the firm believes the scheme, which cost more than £16,000, was abused by students wanting a free holiday.The firm paid for flights to New York, provided accommodation with US lawyers and paid a weekly salary of £225.From next summer, 10-15 students will shadow a London trainee for a day.
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