Retention problems

Question: Does the fact that there are generally fewer fag packets lying around in the UK these days mean that firms will need a bigger piece of paper to forward-plan their trainee numbers?

This week’s in depth analysis of the trainee intake model suggests that firms’ continuing inability to accurately predict demand, and the consequent stab-in-the-dark hiring schedule of trainees, is costing them a fortune.

Indeed, today’s story that Allen & Overy saw more money than any other top 20 UK firm that it had invested in its trainees walk out the door underlines the argument.

As our main feature suggests, while the path from trainee to partner has never been an easy one, these days that route has been all but obliterated. And it’s not just the trainees that are feeling that pain.

Time for a fag.

Also on TheLawyer.com:

It’s magic circle promo time and Clifford Chance has made up 20, fewer than last year

Meanwhile Linklaters has added 24 partners to its roster, including six in London

A panel rejig is on the cards for public services provider Amey following its recent merger

And in Leeds, Shulmans has posted rebounding financials with revenue hitting £7.8m