US law firm Weil Gotshal & Manges has decided to scrap its New York vacation scheme just one year after it was launched.
The firm’s UK graduate recruitment team emailed, earlier today (11 March), all the students who have accepted a place on its London summer scheme informing them of its decision.
“I am sure you will appreciate that this is a decision which hasn’t been taken lightly but one which we view as appropriate, and which our clients would expect us to be taking, in light of the current economic climate.”
“I would like to take this opportunity to re-assure you that we are committed to our UK vacation scheme and that we have made no changes to our graduate recruitment strategy,” read the email.
Weil Gotshal is the latest in a string of firms to scale-back their summer vacation scheme programmes in response to the severe economic downturn.
However, it is not all bad news as Hill Dickinson is almost doubling its vacation schemes as reported by this site yesterday (10 March).