Cadwalader Wickersham & Taft will not offer jobs to any of its City trainees due to qualify in March 2009. The firm has told the intake that no-one will be offered a position with the firm on qualification...

Cadwalader, which has had a 100% trainee retention rate over the last two-and-a-half years, blamed the move on worsening market conditions.

read more... [Legal Week]