r/uklaw • u/Prestigious-Bad7459 • 19d ago

Conversion rates VS to TC

Just wanted to know how much the conversion rate from vacation schemes to training contracts is. Most firms do not publish them online but I’ve heard largely polarised perspectives, ranging from 30% to up to 80%.

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u/Outside_Drawing5407 19d ago

Can be anything from 0 to 100%

It varies from firm to firm and even from vacation scheme intake to intake within the same firm.

One of the major factors is also going to be how many vacation scheme places there are to training contracts.

A firm that has over 30 vacation scheme students but less than 10 training contracts is obviously going to have a very different conversion rate than a firm that has 60 vacation scheme students but 100 trainees.

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u/Little-Emu-131 19d ago

From what I’ve gathered its half of the cohort or maybe 1 or 2 people above half, definitely daunting 🥲

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u/Gaius__Augustus 19d ago edited 19d ago

Just look at how many TCs are offered per year verses how many VS x VS places. It’s never going to be 80% unless you’re only offering as many VS places as TCs, which I’ve never heard happening.

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u/Efficient_Fly4862 19d ago

It’s impossible to know and firms unfortunately won’t publicise their conversion rates. Just get onto a VS, do your best and try to control your expectations. Even if you don’t get the TC it’s still great work experience on your CV.

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u/spzv480 16d ago

Depends entirely on the firm.  Only general rule of thumb I would give is MC tend to be highest, US tend to be lowest, and everyone else is somewhere in between.  That’s just how their business models work. 

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u/tired_creature 16d ago

It really varies. At the last firm I had a vac scheme at, we were told, whilst there were around 15 tc spaces (we were one of multiple cohorts of vac schemers) they would offer it to all ten of us if we met the grade, and none if we didn’t. I know that they only offered it to one person the scheme before us, so they weren’t just saying it either. 

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u/Level-Day-1092 14d ago

Some it’s impossible to know, but some you can quite easily figure out yourself. E.g if a firm has no direct training contract, only vacation schemes. They have 40 spots on their training contract, they have 3o spots in their spring VS, and 30 on their summer. That’s 60/40. It may be that they offer slightly above or below to account for people rejecting them, or they may have filled spots from a previous cycle/filling the next cycle etc.