Merger partners Beachcroft and Davis Arnold Cooper (DAC) have announced that they are both cancelling their trainee recruitment schemes.
In the second most thrilling tie up between two City insurance firms - the first, of course, being the delayed Barlow Clyde and Gilbert union - Beachcroft and DAC are set to become one on 1 November. But in advance of the big day, the firms have decided to put trainee schemes on hold "until after we realign both processes". So it seems the newly minted firm (ABCD perhaps?) will not be bribing students with USB sticks or wading through applications from candidates who've 'always wanted to work in insurance law' for a while yet.
However this move should not come as too much of a surprise. Both firms took on 75% fewer trainees in their 2013 trainee recruitment round, according to a Lawyer2B report, in a bid to ensure that trainees would not be adversely affected by the tie up. And with the likes of Olswang cancelling trainee recruitment and new trainee temp agency Acculaw springing up to offer a cheaper source of trainee fodder - the newly merged firm may not be the last to ditch its grad rec scheme.
A spokesman for Beachcroft said that the firm would "not be attending law fairs this year or opening our application system until we have a structured process and plan in place".
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In the second most thrilling tie up between two City insurance firms - the first, of course, being the delayed Barlow Clyde and Gilbert union - Beachcroft and DAC are set to become one on 1 November. But in advance of the big day, the firms have decided to put trainee schemes on hold "until after we realign both processes". So it seems the newly minted firm (ABCD perhaps?) will not be bribing students with USB sticks or wading through applications from candidates who've 'always wanted to work in insurance law' for a while yet.
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DAC and Beachcroft partners trying their hand at photocopying yesterday |
However this move should not come as too much of a surprise. Both firms took on 75% fewer trainees in their 2013 trainee recruitment round, according to a Lawyer2B report, in a bid to ensure that trainees would not be adversely affected by the tie up. And with the likes of Olswang cancelling trainee recruitment and new trainee temp agency Acculaw springing up to offer a cheaper source of trainee fodder - the newly merged firm may not be the last to ditch its grad rec scheme.
A spokesman for Beachcroft said that the firm would "not be attending law fairs this year or opening our application system until we have a structured process and plan in place".
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