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<blockquote data-quote="Jessica Booker" data-source="post: 116394" data-attributes="member: 2672">I wouldn’t say they open applications as a formality. At worst, they do it if they have to backfill roles they don’t fill off the back of vacation schemes.The common factor with these firms is none of them are hiring a significant amount of trainees to begin with. That means that direct training contract numbers are going to be very small no matter what once they convert some of their vacation scheme students. But I doubt any firm would open applications if there wasn’t a chance of securing a TC. From looking at Chambers student guide, the following is said:Vinson and Elkins - “V&amp;E places a great emphasis on its vac scheme, with something like 95% of all trainees completing one prior to joining the firm.”Cleary Gottlieb - “Cleary recruits nearly all of its trainees through its vacation scheme.” - their profile goes on step further though and suggests the best bet to even secure a vacation scheme is to attend an open day, so I suspect to secure a TC, you may need to have attended one of those open days too.Latham and Watkins: “on average approximately 70% of its trainees have completed a vacation scheme with the firm.”Milbank - (no CSG profile)Akin Gump: 8 to 10 vacation scheme places vs 7 TC spots (could easily only convert 5-6 VS students, and so need to occasionally top up to get to fill their TC places).</blockquote>

[QUOTE="Jessica Booker, post: 116394, member: 2672"] I wouldn’t say they open applications as a formality. At worst, they do it if they have to backfill roles they don’t fill off the back of vacation schemes. The common factor with these firms is none of them are hiring a significant amount of trainees to begin with. That means that direct training contract numbers are going to be very small no matter what once they convert some of their vacation scheme students. But I doubt any firm would open applications if there wasn’t a chance of securing a TC. From looking at Chambers student guide, the following is said: [B]Vinson and Elkins[/B] - “[I]V&E places a great emphasis on its vac scheme, with something like 95% of all trainees completing one prior to joining the firm.”[/I] [B]Cleary Gottlieb[/B] - “[I]Cleary recruits nearly all of its trainees through its vacation scheme.” - [/I]their profile goes on step further though and suggests the best bet to even secure a vacation scheme is to attend an open day, so I suspect to secure a TC, you may need to have attended one of those open days too. [B]Latham and Watkins: [/B][I]“on average approximately 70% of its trainees have completed a vacation scheme with the firm.”[/I] [B]Milbank - [/B][I](no CSG profile)[/I] [B]Akin Gump: [/B][I]8 to 10 vacation scheme places vs 7 TC spots (could easily only convert 5-6 VS students, and so need to occasionally top up to get to fill their TC places).[/I] [/QUOTE]

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