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Herbert Smith prepares to cut up to 51 jobs, 23 in corporate

First A & O, now Herbert Smith. Very unfortunate news. The herd mentality in city law firms means that this will be repeated by other law firms. Large trainee intakes are premised on a bullish market. Currently, business does not match trainee intake levels and associate attrition remains low due to economic uncertainty. Yet firms still need a large number of trainees to provide cheap labour as associate salaries are unsustainable. The whole system is rotten.

30-Apr-2012

3:59 pm