Training Contract Numbers Decline Short Term Fix or Long Term Transition?

According to the latest annual statistics report from the Law Society there has been a 16% decrease in the number of training contracts available in 2010-2011, from 5,809 to 4,874. The figure peaked in 2007-2008 with 6,303 training contracts on offer; hence we have seen a 23% fall at the current level. These stats run alongside a 5% increase in the number of Legal Practice Course (LPC) places, currently at 15,166 (2010-2011). It is clear to the casual observer that these two figures are resulting in the