Law Weblog

£10,000 a year for not working – £35,700 starting pay

City law firms are offering graduate recruits up to £10,000 each to stay away from the office for a year.

The move has been driven by the credit crunch, with firms fearing that trainees will not get sufficient experience.
One leading firm, Norton Rose, has invited 55 recruits — whose starting salary is £35,700 — to defer joining, at a likely cost of £200,000.
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