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<blockquote data-quote="Jessica Booker" data-source="post: 26966" data-attributes="member: 2672"><p>I’m not Paul, but can shed some light on this based on conversations I have had within the industry so far.</p><p></p><p>Most firms are recruiting 2022/2023 trainee intakes currently - this means that it’s likely the economy will be in a state of recovery/growth by then even if this drags on for some time. It means their approach to recruitment is very different to other industries that are recruiting their 2020/21 graduate intakes - they have to think much longer term by default.</p><p></p><p>This is also against a backdrop of the qualification system changing and ultimately qualification rates undoubtedly being much lower than they are currently (as its suspected many more will fail the SQE than pass the LPC currently). There is a sense that more people will need to start their training, because more people will fail the exams. If you take the large accountancy firms as an example, their graduate intakes are about 20-25% larger because people don’t pass their ACA exams.</p><p></p><p>Even if numbers are cut, when compared to other sectors I suspect law will be one of the most stable industries and see a fairly moderate cut compared to other industries. You only need to look at how historical figures have changed for the Top 100 Employers to give you an idea of how much more stable law is to other industries (see figures and percentage changes below, particularly the 2008 figures and negative percentage changes).</p><p> [ATTACH=full]1727[/ATTACH] [ATTACH=full]1729[/ATTACH]</p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 26966, member: 2672"] I’m not Paul, but can shed some light on this based on conversations I have had within the industry so far. Most firms are recruiting 2022/2023 trainee intakes currently - this means that it’s likely the economy will be in a state of recovery/growth by then even if this drags on for some time. It means their approach to recruitment is very different to other industries that are recruiting their 2020/21 graduate intakes - they have to think much longer term by default. This is also against a backdrop of the qualification system changing and ultimately qualification rates undoubtedly being much lower than they are currently (as its suspected many more will fail the SQE than pass the LPC currently). There is a sense that more people will need to start their training, because more people will fail the exams. If you take the large accountancy firms as an example, their graduate intakes are about 20-25% larger because people don’t pass their ACA exams. Even if numbers are cut, when compared to other sectors I suspect law will be one of the most stable industries and see a fairly moderate cut compared to other industries. You only need to look at how historical figures have changed for the Top 100 Employers to give you an idea of how much more stable law is to other industries (see figures and percentage changes below, particularly the 2008 figures and negative percentage changes). [ATTACH=full]1727[/ATTACH] [ATTACH=full]1729[/ATTACH] [/QUOTE]
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