Fri, 24 May 2013
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A&O retention rates plummet to 72 per cent
This story is misleading. Over 50 NQ positions were offered - the firm needs new cannon fodder because it's constantly losing associates at around 2-3PQE. Around 6-8 trainees chose not to apply for a job at all, and the rest of the leavers are people who weren't offered their first choice. A lot of these are from litigation where 17 trainees applied for 5 jobs. The unlucky 12 would rather sign on than head to the trenches and fight the tediously dull all-night document production battles of ICM, Banking and Corporate.
It's true that the firm has just sacked a load of support staff, er, sorry, offered them relocation to Belfast, and is cutting the number of trainees it will take on in over the next 4 years, but there is no shortage of NQ jobs. It is a damning reflection of life as an A&O trainee that well over a quarter are moving on to pastures new.
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