As the recession continues to bite, students are finding that training contracts are in increasingly short supply.
Last week magic circle firms Slaughter and May and Clifford Chance announced they had closed training contract applications to non-law students ahead of their usual deadlines due to the increased amount of interest from outstanding candidates. The moves come as graduates who were previously snapped up by investment banks and other financial institutions opt increasingly to pursue law, ramping up the already-fierce competition for places.
