Students face heavy competition for vacation places as firms slash schemes

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  • What I don't understand is how these firms can possible justify axing these schemes and training programs when they cost so little of their overall expenses to run and provide them with the best oppurtunities to handpick their future employees.

    If they were at all serious about saving money during these 'hard times' recruitment schemes and training contracts would actually be the last things they look to get rid of, considering the longer-term investment new recruits make to each firm.

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  • The Warwick University student makes the point that there'll be a lot of students rethinking whether law is really for them. Surely this is no bad thing. The costs of the required postgraduate study, the hightened competition for training contracts, increased insecurity of employment, increasing costs of and difficulty in obtaining professional indemnity insurance and an increasing number of firms entering into PVA's or collapsing mean that students should think long and hard before making such a significant investment, both in time and financially, Whilst a legal career can be very rewarding in many ways, it is important to think very carefully before trying to enter it.

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  • lets be honest.... capitalism doesn't care who gets a training contract and who doesn't, many will join the rat race and never complete the race. however, allen and overy's claim of a lack of interest is proposterous and a blatant pr spin...

    firms still go to law fairs pretending that they are hanfing out training contracts just like before but the truth again is that many are kept afloat from government contracts and streamlining their services and restructuring dramatically, there will probably be fewer lawyers in the future but this is the time, its already ridiculous that one can enter the profession with any degree, as if there wasnt a big enough, competent enough pool already.

    like i said many won't pay attention to this and keep going in this rat race, the only glimmer of hope is a desperate grasp that this government can clear our horrendous deficit, which many leading economists say will take between 20-30 years if at all, but as mentioned capitalism will continure to support the survivors. but when the injured outnumber the survivors, things will change and we will see fewer of the higher paid jobs. peace

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