City leaders avoiding moves to cut trainee intake
Future trainees at leading firms look set to escape the worst of the recession, with the bulk of the top 10 City firms stating they have no plans to defer training contract start dates, despite the downturn. Clifford Chance, Allen & Overy, Linklaters, Ashurst and Slaughter and May have all confirmed that they are not intending to ask prospective trainees to push back their start dates with the firms, despite moves by rivals including Lovells and Simmons & Simmons to do just that. Herbert Smith and Norton Rose have emerged as the only top 10 City firms to admit they are looking at the situation. Freshfields Bruckhaus Deringer confirmed it had no plans to delay any trainees in its next intake in August but could not comment beyond this.
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