Training and education: Join the queue
As the latest band of students enters the milkround, they join increasing numbers of graduates struggling to make their way onto the career ladder, with rafts of companies cutting back or closing their doors altogether to graduates as they weather the downturn. For the City's largest law firms, which typically recruit for training contracts two years in advance of would-be lawyers walking through their doors, maintaining the right flow of trainees to match predicted future workflows has always been something of a juggling act.
Balancing current recruitment with future workloads has always been an issue for law firms. But the downturn has led most to scale back their hiring, says Friederike Heine
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