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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Media boutique Wiggin is to cancel its trainee scheme from 2015, citing client demand as the sole reason for the decision.
The next two rounds of trainee schemes, one in September this year and another in 2014, will go ahead as usual. The firm has six trainees at any one time, with three joining each year.
Wiggin CEO John Banister said the decision was down to the fact that an increasing number of clients were taking lower value work in-house and demanding advice from more senior lawyers externally.
He said: ”The trainee scheme has been cancelled because of what our clients want us to deliver. More clients are doing lower-value work themselves, so the need for us to plough in lots of junior people isn’t working. With clients doing more [low-value work] in-house, they’re looking for more high-end advice externally.”
From September one trainee will be based in the firm’s Brussels office. The base opened in January with the hire of Motion Picture Association’s European legal head Ted Shapiro (11 October 2012).
Banister insists that the decision to scrap the trainee scheme is not related to money. For the 2012-13 financial year global turnover rose 5 per cent, from £12.4m to £13m, with Banister pointing to a boost in corporate and litigation work.
Clients at the firm include Twentieth Century Fox and Virgin Media.