Although no City firms have yet to announce the cutting of any training contracts, the legal world has begun to brace itself for an economic downturn. Anne Mizzi looks at the implications this could have for students and trainees
October 17, 2001 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
After months of speculation about a City slowdown, the legal world is facing up to the prospect of a long and drawn out economic slump.
No City law firm has yet announced plans to make savings by cutting training contracts, but retention levels are showing the first sign of a drop as firms begin to feel the bite.
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