News
Law students undaunted by recession
- 30th October 2009
A recent survey carried out in September by the College of Law reveals that the majority of students are undaunted by the economic downturn. The survey was carried out on the CoL’s Graduate Diploma, LPC and BVC courses, with more than 2,000 responses from students.
Around 70% did not admit to being undaunted by the recession and 65% are confident of enjoying a long-term career in the legal profession aiming to reach partnership level or becoming a judge. A third expects to stay in the profession at least for the medium term.
But more than half admitted to being worried about their chances of securing a training contract or pupillage. With debt being a common feature among students, more than 40% of those surveyed predicted that they will owe at least £20k when they start work’ and 6% expecting to owe more than £40,000. But this did not deter most respondent from their professional goals: 90% said they would still have pursued a degree knowing the level of debt they would incur.
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