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According to this podcast courtesy of Lawyer2B, suggest that the vast majority of law students who end up working in legal services will be working for some form of Alternative Business Structures (ABS); however, working for an ABS is facing some resistance from students.
Referring to Lawyer 2B’s report on the survey that 58 per cent of students would not seek work at an ABS, Tom Laidlaw of LexisNexis said: “When you’ve got 5,500 students coming off the Legal Practice Course and trying to work out where they are going to fit, to say ‘I don’t want to work for an ABS’ is just not understanding the way the world is going to go.”
In conversation with Hogan Lovells recruitment partner James Doyle and Lawyer 2B editor Rich Simmons, Laidlaw agreed that large firms would still need trainees to work on high-level matters, but suggested at the lower end of the market, “if you want to continue to deliver legal advice you are likely to be working for a large consumer brand.”
Listen to the podcast >>
The discussion of ABSs starts at 19.35.
Podcast and news post courtesy of Lawyer2B
True, you should never rule out an alternative career path, who knows, it might bring loads of fortune in future!