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Aspiring Lawyers - Applications & General Advice
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TC Offer accepted - have read that firm is in merger talks. What should I expect?
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<blockquote data-quote="Jessica Booker" data-source="post: 122430" data-attributes="member: 2672"><p>Losing your TC is unlikely in my opinion. The firm won’t want the negative publicity and will find ways to incorporate the trainees from both firms assuming it happens. It’s not impossible, but it’s incredibly risky for the firm from a brand perceptive (not just with candidates, but clients too).</p><p></p><p>Historically I have seen firms offer to defer trainees due to having too large a trainee intake, and providing some form of financial bonus for doing so. That could be offered in this situation.</p><p></p><p>They may just manage a bumper trainee intake though. The downside to that could be that it is more difficult to get work or find a NQ role, but it could easily be the other way around if the firm decides to have redundancies and restructure teams of associates post merger (much easier to offload expensive associates and keep cheaper trainees that will find it easier to adapt to the firm).</p><p></p><p>Obviously the merger could not even happen (heard so many that get into talks and then don’t happen in the later stages), so I wouldn’t worry too much about this at this stage.</p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 122430, member: 2672"] Losing your TC is unlikely in my opinion. The firm won’t want the negative publicity and will find ways to incorporate the trainees from both firms assuming it happens. It’s not impossible, but it’s incredibly risky for the firm from a brand perceptive (not just with candidates, but clients too). Historically I have seen firms offer to defer trainees due to having too large a trainee intake, and providing some form of financial bonus for doing so. That could be offered in this situation. They may just manage a bumper trainee intake though. The downside to that could be that it is more difficult to get work or find a NQ role, but it could easily be the other way around if the firm decides to have redundancies and restructure teams of associates post merger (much easier to offload expensive associates and keep cheaper trainees that will find it easier to adapt to the firm). Obviously the merger could not even happen (heard so many that get into talks and then don’t happen in the later stages), so I wouldn’t worry too much about this at this stage. [/QUOTE]
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TC Offer accepted - have read that firm is in merger talks. What should I expect?
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