Law students might be forgiven for thinking they are going to face a tough time winning a training contract this year. After all, it was only at the beginning of last year when even such famous firms as Linklaters were throwing money at students just to defer their entry, while other City giants such as Denton Wilde Sapte were sacking junior lawyers as the global economic storm rocked the UK.

Worse still, many top students who would normally have been looking for careers in other professions have been opting for the calmer waters of the law. This is because the legal sector has always been seen as a relatively safer bet than more market-sensitive sectors such as banking. This in turn has added extra pressure on law graduates.