Having been given a task to blog about trends around vacancies, I spent a good few hours (though admittedly no sleepless nights) trying to figure out which industry or sector my first post might be about. And then one morning, after the first sift through the emails but probably before the first coffee, I came across an article on the “The Lawyer” which reported a plunge in the number of training contract vacancies. Ouch. Gloomy news on an already gloomy day.
Being a law grad, a happy ex-vac schemer and a less happy ex-training contract seeker, this topic is close to my heart so I immersed myself in the article temporarily forgetting about those law fair invites that had to be sent.
If you love stats as much as I do, you’ll be interested to know that…
“In 2011/12 4,869 training contracts were registered by the Law Society compared with 5,441 in 2010/11 and 6,303 in 2006/07. The current figure is 16 per cent lower than pre-2008 numbers”.
These figures were reported towards the end of May in the Law Society’s Annual Statistics Report and show that the number of training contracts in 2011-2012 has decreased by 10.5 per cent as compared to the number in 2010-2011. Meanwhile, the numbers of applicants are going up.