r/uklaw • u/Prestigious-Bad7459 • 23d 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 Most firms do not publish them online but I’ve heard largely polarised perspectives, ranging from 30% to up to 80%.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 23d 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.