Competition for a training contract has always been fierce however it is likely to get even tougher in the not so distant future.
Since the coalition government's decision was announced to raise the cap on university fees to £9 000 for students, almost triple the current cost, more and more sixth form students are applying to study Law degrees. There has been an 8% rise in students taking the LNAT – the principle entrance examination at 9 UK Universities. It is likely that many students enrolling in Autumn 2012 could face a crippling debt of up to £ 50 000. It is therefore no wonder student's are opting for career focused degrees with high earning potential to offset these debts.
With both debts and competition rising this equals a recipe for disaster. In my opinion there will be many more top students unable to find jobs and with debts they cannot repay. Even worse than that would be if students are put off doing a degree altogether.