Aspiring lawyers face bleak future as cost-conscious firms cut back training contracts
If any doubts remained about the size of the challenge facing aspiring lawyers in today's market, then it was starkly illustrated by the news that the number of training contracts on offer at law firms across England and Wales has fallen to the lowest level for well over a decade. The Law Society's annual statistics report for 2012, released earlier this month, revealed that the number of training contracts registered in the 12-month period to July 2012 dropped to 4,869, down 10.5% from the previous year's equivalent total of 5,441. The figures are now at their lowest since training contract details were first recorded in 1998-99, when 4,827 were logged, with numbers almost 25% down on the pre-recession high of 6,303 in 2007-08.
The number of training places has fallen to its lowest level since 1998-99, as Pui-Guan Man reports
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