Hi, I wanted some opinions on working in the UK. Based on the news across the past few months, the UK is heading towards a recession this year - coupled with the cost of living crisis, high inflation rates, energy crisis etc. There aren't any assured predictions about when this would end. Brexit has also caused several major companies to either move out of the UK or suspend operations temporarily.
I'm just wondering - what impact would this have on law firms, especially for training contracts starting in 2025? Could this lead to firms reducing 2025 training contracts or laying off employees? Since major companies are leaving the UK, it possible that the UK would no longer remain a financial centre in a few years?
As an international student, there is a lot at stake while deciding to move to the UK. So these considerations may majorly impact my applications for TCs/VSs.
Would love to hear the TCLA community's opinion on this!
@Jessica Booker @AvniD @Jaysen please let me know if you have any thoughts too!