Allen & Overy to Reduce Incoming Associate Class Sizes

In March, London’s Allen & Overy announced it would retain only 70% of its trainees for September 2009 and March 2010.

Now the firm has added it will take on 105 trainees a year, from September 2011 on. Traditionally, the firm has brought on 120 associates a year.

In April, the firm cut loose 47 equity partners, 200 associates, and 200 support staff.

Founded in 1930, Allen & Overy has approximately 5,500 staff in 31 offices worldwide. It is part of the Magic Circle of London-based law firms.