Gide Loyrette Nouel’s London office will trim its trainee intake from September 2016, citing natural business need as the rationale behind its decision.
The office currently takes four trainees per year but will trim its intake to between two and three per year. It has had relatively high trainee retention of late and since September 2014 has kept on six of seven qualifying trainees.
London office head Rupert Reece said: “We now have very good junior lawyers and we can’t keep expanding at such a fast rate. This will be a more natural fit and will align with our needs.”
In addition, the firm is considering exchanging trainees with lawyers at other offices in its network. “Our trainees have been sprinkled around our network before in Paris, Moscow, Hong Kong and Ho Chi Minh City, which opens up possibilities for us to exchange lawyers at various levels of their training.”
Gide, the second-largest firm in France, began offering London-based training contracts in 2005. It is the only major French firm to launch a London operation, and has around 30 lawyers in the outpost, including eight partners.