Breaking News

Allen & Overy to Cut 30% of Trainees
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Allen & Overy HQLondon’s Allen & Overy will only retain 70% of its trainees for September 2009 and March 2010.

The Magic Circle firm has not made a final decision about the retention rate, and said the figure was a “working assumption in light of the current financial climate.”

Allen & Overy retained 86% of its trainees in 2008, 90% in 2007.

  
What
Where


The firm offers its training contracts two years in advance, with some 50 trainees joining each year.

Allen & Overy is expected to cut 9% of associates, 9% of support staff and 9% of its partnership.

Around half of the affected positions are in London. The firm is also freezing pay and billing rates at 2008 levels.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Founded in 1930, Allen & Overy has approximately 5,500 staff and 31 offices worldwide.





 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Corporate Attorney with mergers and acquisitions experience

USA-CA-Los Angeles

Los Angeles office is seeking a corporate attorney with 1-6 years of M&A, corporate finance, securit...

Apply Now

Estate Planning Attorney with 6+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking an experienced estate planning attorney with 6+ years of experience. C...

Apply Now

Litigation Attorney with 2-6 years of experience

USA-OR-Portland

Portland office is seeking a litigation attorney with 2-6 years of experience.

Apply Now

IP Attorney with 3-5 years of mechanical engineering experience

USA-MO-Saint Louis

St. Louis office of our client seeks IP attorney with 3-5 years of experience in patent prosecution....

Apply Now

RELEVANT JOBS

Associate - Mid-Level - GL Group

USA-NY-Valhalla

Defense firm seeking mid-level associate for Westchester office to fill General Liability position. ...

Apply now

Trial Attorney - $100.00/hr

USA-FL-Orlando

We are a small Real Estate company seeking a Florida Federal Court  licenced Attorney ...

Apply now

Mortgage Compliance Analyst

USA-MN-Minnetonka

Job Description: Rubicon Mortgage Advisors LLC, a locally-owned, boutique mortgage lender is seeki...

Apply now

Litigation Legal Assistant

USA-CA-Los Angeles

Qualifications: Candidate should have 2+ years of previous experience supporting multiple atto...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top