News from the U.K. and Australia suggests that 2013 is going to be a tough year for lawyers.
According to legalweek.com, citing research conducted by Chambers Student Guide, trainee retention rates at commercial law firms in the UK have dropped for the first time since the height of the economic downturn in 2009. Just 79.1% of trainees were re-hired by their employers in 2012, compared to 80.5% in 2o11. The 2009 rate was 74%, a significant drop from the 82% of 2008.
Meanwhile, in Australia, Clayton Utz, DLA Piper and Allens have confirmed job cuts. Legalweek.com quotes Clayton as saying that “only a small number of people” were affected” while DLA is thought to be cutting less than 10 back office staff and fee earners. Allens would only say that staffing levels were subject to periodic review.
As the economic climate in Australia continues to be depressed and…
View original post 20 more words