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NQs face dole queue as retention rates drop

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  • What exactly are these 'corporate advisory roles in the financial sector' that Mark Allsup recommends for NQs who can't find a job?

    I would have thought corporate advisory roles would be affected just as much as NQ roles and even if they were not, NQs would not be considered viable candidates for them.

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  • The situation is even bleaker in the Scottish market. Firms here are announcing some truly disturbing numbers:
    McGrigors - 50%
    Dundas & Wilson - 45%
    Maclay Murray Spens - 10%(!)
    I imagine some of the English regions might also be seeing figures worse still than London. There's a very strong feeling brewing among 2009 qualifiers (rightly or wrongly) that the City is 'looking after its own' to the detriment of perfectly competent and promising young lawyers who happen to be working in other offices.

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  • "It’s really tough because there are less jobs and those who are qualifying are ­working for less money...". Anyone who doesn't understand that there are "fewer jobs", not "less jobs", shouldn't be allowed to qualify anyway. I certainly wouldn't let that NQ draft a memo for me.

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  • Some commentators ability to comes across as ridiculous pedants is quite remarkable. Well done, it must feel good to belittle people.

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  • I must agree with the above comment. The pathetic individual who sent that comment in (at 5.46am no less) is clearly very sad.

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  • While I agree that the 5.46am comment is sad, it does serve as a reminder to those, like me, who are yet to secure a TC, the level of accuracy and eye for detail all recruiters expect in these especially competitive times.

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  • He or she should get a life!!! Getting back to the point 'less jobs' doesn't mean no jobs so good luck to all of those back on the market!

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  • I am afraid you may consider the comment pathetic but he/she does have a point.....illiterate and sloppy NQs are working whereas promising NQs are being left by the side. It is all about luck and timing, not who and what you are. Now is the opportunity however for NQs to discover that there is more to life out there than City law firms, which, no matter what anyone says, are in most cases highly overated... Good luck.

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  • Anon at 7.50 makes a good point - while things are very bleak indeed for NQ's who have worked so hard and really want to stay in the profession, there is something to be said for viewing this as a chance to try something different. Forcing a few young lawyers out of their comfort zones may prove to be a good thing in the long run.

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  • Do you think this will also be the situation for NQs in 2010 and 2011 (i.e. the ones recruited pre-recession)?

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