Co-op scraps plan to offer 100 training contracts per year

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  • It's touching that the Co-operative feels that it can redress some of the equalities in society. But when given the option of being represented by "everybody", or one of the "few high fliers", I know which I would opt for.

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  • If money was no object and you needed, say, top-notch, private client advice who would you rather go to: "everybody" at the Co-op or the likes of Macfarlanes and Withers?

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  • So, overhyped, over-inflated ABS law firm has bruising collision with reality.

    Anyone surprised?

    Well, presumably the people at the Co-op who swallowed the hype and agreed to set up the thing in the first place-but nobody else.

    The Co-op, which had huge amounts of goodwill from its historical customer base (who didn't shop at the Co-op sometime or other?), has managed to destroy the credibilty (and creditworthiness?) of its own bank, not got a decent market share in the food retailing business, really thought it could get a decent slice of the consumer legal business.

    Well, I've got London Bridge to sell-and I think I know a potential buyer!

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  • Kids, take note. Training contracts are few and far between. When the myth stops being pedalled about law being a route to riches, we will see fewer young lives being wasted. It's not even the route to a semi-decent career any more. I wish that the Law Society had the moral integrity to call for a cap on the number of LPC places. Tell any young people you know and care about 'DO NOT STUDY LAW'.

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  • Profit driven mega-firms have already started to blur the distinction between law as a business on the one hand and law as a profession on the other. It is still early days for the ABS, but we are already seeing a lack of commitment to developing young lawyers. Training and development of young lawyers is essential to the success and sustainability of our profession.

    Will non-lawyer business owners also abandon other essential elements of professional responsibility? I'd love to see The Lawyer report on the level of pro bono work undertaken by the Co-Op and other ABSs.

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  • It's all jiberish to me. I think I'll apply then!

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