NEW TRAINING SCHEME


AIMS TO CUT UPFRONT COSTS FOR LAW FIRMS


The number of graduates


recruited by City law firms could be dramatically reduced following the Solicitors Regulation Authority’s (SRA) decision to back a revolutionary training model for aspiring solicitors. Under the new model Acculaw will recruit its own trainees from postgraduate law schools and then second them to firms on an ad hoc basis, meaning the number of training contracts they offer can be scaled back.


The trainees will spend no less than three months with each firm and will be seconded to a maximum of three different firms or in-house legal departments.


Acculaw, a for-profit organisation, claims the scheme will help firms to cut the upfront costs associated with offering training contracts to students while they are still at university. Such overheads include graduate recruitment marketing activities and Legal Practice Course sponsorship.


It is estimated that it costs a firm 20


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