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.
The date for would-be lawyers to submit their training contract applications is imminent, with most applicants facing a deadline of midnight tomorrow.
This year’s applicants are facing a slimmer chance of attaining a training contract than ever. Figures released by the Law Society last year show that the number of training contracts registered in 2011/12 (the latest year for which data is available) was 16 per cent lower than pre-recession figures and barely higher than when records began in 1998/99 (21 May 2013).
In 2011/12, 4,869 training contracts were registered, compared to 5,441 in 2010/11 and 6,303 in 2006/07. In 1998/9, 4,827 training contracts were registered.
But while the number of training contracts has fallen, recent retention rates show that firms are starting to retain more of the trainees they do take on. Spring rates this year painted a positive picture with, the vast majority of firms retaining more than 80 per cent of their intakes.