Magic circle firm Linklaters has created an extra 20 secondment places for its trainees in response to the economic slowdown.
Linklaters' derivatives head Simon Firth said the scheme was launched to make use of "surplus capacity" while there was a reduced amount of work in the office. He added: "The other thing to do would be to reduce numbers, but that's not really an option for us."
The firm asked key clients to take on a trainee for a six-month period. "We asked our trainees to volunteer to go and most of them jumped at the chance. From the trainees' perspective it has been successful. It is also a good opportunity for us to make an investment in our clients," said Firth.