Olswang has become the first firm to sign up to a pilot scheme run by Acculaw, a business that will recruit its own trainees and second them to firms.
As revealed by The Lawyer on Monday, Acculaw will recruit its own trainees from postgraduate law schools and then second them to firms on an ad hoc basis, meaning the number of training contracts they offer can be scaled back (19 September 2011).
Under Acculaw’s model, trainees will spend at least three months with a firm and will be seconded to a maximum of three different firms or in-house legal departments.
The organisation claims that this scheme will help cut costs of hiring trainees, which can set firms back £175,000 per graduate, according to Acculaw.
The Solicitors Regulation Authority approved Acculaw this month.