Thanks to my colleague Kay Barbour for this blog post which gives an update on what’s happening south of the border with Law traineeships; do take a look if you’re considering this route in to the profession – Rebecca
According to the Annual Statistical Report of the Law Society of England and Wales there was a 9% rise in the number of trainees in 2014/15. The number of training contracts registered rose to 5,457 – up from 5,001 the previous year.
One third (33.8%) of all training contracts are in the City, with the rest of London accounting for a further 17.7%.
Trainee numbers at firms with between two and four partners rose by 20%, while firms with five to 10 partners recorded a growth rate of 45%.
The number of training contracts reached a high of 6,303 in 2007/8 but slumped after the 2008 credit crunch. The most recent low was seen in 2009/10 when just 4,784 trainees were registered.