It is estimated that it costs a firm approximately £175,000 to recruit and train one graduate


approximately £175,000 to recruit and train one graduate.


“Our model was developed to reduce volatility in the number of qualified lawyers available in the ¬market,” said Susan Cooper, founder and CEO of Acculaw. “The traditional model is costly, inflexible and inefficient. We want to ensure that capable, talented graduates receive better opportunities to enter the legal profession by making training more attractive and


commercially viable to firms and in- house legal departments.


“Training contract numbers have dropped by 23 per cent since July 2008. Legal process outsourcing threatens to reduce that number further. The number of lawyers available in the -market should be governed by the supply and demand of legal services, not the ¬temporary effects of recession or the lure of short-term gains from outsourcing work to low-cost jurisdictions.” Trainees recruited by Acculaw should expect to receive salaries in excess of £20,000. Although this is above the minimum set by the Law Society it is still ¬significantly lower than typical City salaries for trainees, which start at £30,000. Acculaw’s advisory board includes


former Herbert Smith partner Henry Raine and Professor Peter Giblin, a visiting professor in the ¬Faculty of Management at Cass Business School.


Former Linklaters senior partner Tony Angel welcomed the initiative. “[This is] an innovative approach to solving the challenges firms face in recruiting the appropriate number of trainees and managing their cost while mitigating the impact of market dynamics on potential trainees,” he said.


Find out more at: http://l2b.thelawyer.com/


You can also find out detailed information about postgraduate law


studies at: www.lawsociety.org.uk


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