City Signs Up to Clegg Recruitment Plan
12th January 2012
Following the launch of a new social mobility policy last April, it seems that the City has responded well to Nick Clegg’s efforts to help make recruitment fairer. With leading banks and other financial institutions such as Barclays, HSBC and JP Morgan all signing up to the scheme, the Deputy Prime Minister can also take heart from the fact that nine UK law firms have now followed suit.
Clegg famously criticised unpaid internships when launching the policy last year, as well as the practice of favouring applicants with a family or social tie to the company in question. Although it was later revealed that Clegg himself had once benefited from such an internship, the City has reacted positively to his plans to ensure finance and law recruitment becomes more open.
As part of the agreement, the firms have also pledged to pay intern’s expenses where possible, to make a greater effort to publicise work experience opportunities, and to embark on a series of programmes to develop skills in local schools and communities.