The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
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.
Klegal has asked 30 of its trainees in London and Scotland to defer their 2003 training contracts for a year in return for a £2,500 pay-off.
According to a spokesman for the accountancy-tied firm, names were drawn out of a hat because it was "the fairest way to make the decision" between who was to stay and who was to go.
This is the second time in a matter of months that the accountancy-tied firm has slashed its future trainee intake. As The Lawyer revealed in July, KLegal offered around half of its 2002 trainee intake a £10,000 lump sum if they deferred their start dates for 12 months. KLegal claims the 2003 trainees have been offered a smaller package than their 2002 counterparts because they have been given a whole year's notice.
The spokesman said that both sets of cutbacks are linked to current market factors and KLegal's recent merger with McGrigor Donald. "We're spreading two years intake over three years to realign our intake," he said. "There's no point in taking on more people than we have work for, but we're still committed to taking them on in a year's time."