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<blockquote data-quote="Jessica Booker" data-source="post: 14503" data-attributes="member: 2672"><p>That estimated figure is factoring in decline rates. Firms will have a fairly good gauge of what their decline rate will be.</p><p></p><p>It does not work on the basis of “your chances of getting an offer”. Candidates at interview stage are not equal. If you got a particularly bad bunch, you just invite more people to interview, if you have a particularly good bunch you stop interviewing and may even choose to cancel interviews you have scheduled in the future.</p><p></p><p>Depends on the firms way of offering. If it is rolling they will typically just offer as they go, possibly putting some candidates on hold if they are borderline candidates. Some firms wait until all the interviews are completed and then will offer the strongest candidates.</p><p></p><p>These processes are incredibly fluid. Also if you under offer, you can typically always top up if needed at a later date. You don’t always have to rely on your immediate talent pool, and it’s not always a disaster if you slightly under hit your recruitment target (especially with larger intakes).</p><p></p><p>Remember if you are talking about TCs, most law firms would have converted a number of their vacation scheme students, so it’s not like you have to do 2.5-3.5 interviews for each vacancy, as the firm has probably already filled anywhere between 50-100% of those vacancies with previous hires.</p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 14503, member: 2672"] That estimated figure is factoring in decline rates. Firms will have a fairly good gauge of what their decline rate will be. It does not work on the basis of “your chances of getting an offer”. Candidates at interview stage are not equal. If you got a particularly bad bunch, you just invite more people to interview, if you have a particularly good bunch you stop interviewing and may even choose to cancel interviews you have scheduled in the future. Depends on the firms way of offering. If it is rolling they will typically just offer as they go, possibly putting some candidates on hold if they are borderline candidates. Some firms wait until all the interviews are completed and then will offer the strongest candidates. These processes are incredibly fluid. Also if you under offer, you can typically always top up if needed at a later date. You don’t always have to rely on your immediate talent pool, and it’s not always a disaster if you slightly under hit your recruitment target (especially with larger intakes). Remember if you are talking about TCs, most law firms would have converted a number of their vacation scheme students, so it’s not like you have to do 2.5-3.5 interviews for each vacancy, as the firm has probably already filled anywhere between 50-100% of those vacancies with previous hires. [/QUOTE]
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