Quote:
Originally Posted by Unregistered
What does he mean? Instead of paying trainees a paltry peanut sum of 2K for 6 months and then 6 months of NQ salary, they get to pay the peanut trainee pay for 12 months under the new scheme. The firms SAVE MORE money under the new scheme.
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But they can't charge a trainee out at the same rates as an associate who's called to the bar... And like you said, some firms do take on more trainees then they intend to retain. Now they have to be more selective since it's a one year commitment at least, not just six months.