<< back to previous page
Graduates offered £10,000 to go away
Thursday, 05 March 2009
City law firms are encouraging people to defer their graduate jobs by a year in order to make sure that they get the best training, which is made more difficult in the current economic crisis.
One firm, Norton Rose, has offered £10,000 to new employees to be spent on something "constructive" for a year, while others, including Penningtons, Lovells and Baker and MacKenzie, are offering £5,000 with no obligations to spend the money wisely.
Norton Rose expects those graduate recruits who take up the offer to gain skills while away from work and will also offer pro bono work, internships with clients and placements with international offices.
Helen Wright, a graduate of Southampton University, was looking to start at Penningtons this autumn, but took the money instead because the company told her that there would not be as much work for her.
She plans to go travelling, she told the Times: "It's a massive opportunity to do something I would not have been able to do and gain a different experience".
The Association of Graduate Recruiters has already warned of the importance of work experience, whether at home or abroad.