Allen & Overy has become the first magic circle firm to reveal its retention figures for this spring. Out of an intake of 37 qualifying trainees, 36 applied for newly qualified (NQ) positions, with the firm offering jobs to 34 of them, all of whom accepted. That gives a final retention rate of 92 per […]
A host more firms have released their trainee retention figures for the autumn. Hogan Lovells has kept on 20 of 29 trainees as newly-qualified (NQ) solicitors, including two on fixed-term contracts, after 28 applied for roles. Seven qualifiers join the litigation, arbitration and employment practice, four apiece go to corporate and finance, three go to […]
Bryan Cave Leighton Paisner has raised its salaries for trainees, as it announces that it is keeping on 76 per cent of its autumn 2020 qualifiers. First-year trainees will now start on £44,000, an increase from £40,000, while second-years get an uplift from £45,000 to £48,000. Meanwhile, 16 of the firm’s 21 qualifying trainees have […]
Ashurst has recorded 90 per cent retention for autumn 2020, with 18 of its 20 qualifiers staying on at the firm in permanent nelwy-qualified (NQ) roles. Three NQs join the disputes team, three go to corporate and another trio to real estate. Two NQs each then join global markets, projects and financial regulatory teams, with […]
Linklaters has become the last of the magic circle firms to reveal its retention results. The firm has kept on 46 of its 53 qualifying trainees. All are on permanent contracts with the exception of one who has chosen to work in the pro bono practice which, due to the nature of the pro bono […]
More firms have revealed their autumn retention rates for their trainees. Stephenson Harwood is retaining 11 out of 12 qualifiers in London, three on fixed-term contracts. Three will join the commercial litigation, three will join corporate and three finance. The final two will go to real estate/projects and the employment, pensions and private wealth team. […]
White & Case has announced its retention rate for September 2020. Of a cohort of 24 trainees, 21 were offered newly-qualified (NQ) jobs at the firm, with all accepting. Two are on fixed-term contracts. Seven trainees will not qualify into London but instead will join offices across the firm’s international network, in Abu Dhabi, Dubai, […]
Herbert Smith Freehills and Mayer Brown also publish stats.
Clyde & Co has decreased its salary for newly-qualified (NQ) solicitors to £68,000, as well as lowering pay for trainees. The new NQ package is a £2,000 drop on the £70,000 the firm previously paid. Trainees will also receive less: first-year pay is down from £40,000 to £38,000 and second-year pay is down from £42,000 […]
Eversheds Sutherland has published its trainee retention figures for the autumn. The firm is keeping on 38 of 43 UK qualifying trainees, giving it a retention rate of 88 per cent. All have been retained on permanent contracts. Additionally, it is retaining five qualifiers who completed a Hong Kong training contract. Overall, the firm’s global […]
Macfarlanes has posted double digit growth for profit per equity partner (PEP) over 2019/20, with revenue also rising by 9.5 per cent. The City firm’s PEP grew 10 per cent to £1.91m, the highest PEP figure of any UK firm to report this year so far. The double-digit increase puts Macfarlanes’ PEP above all the […]
The London office of Jones Day has scored a 100 per cent retention rate in its latest round of qualifiers, with 20 offers understood to have been made to 20 trainees resulting in 20 acceptances. Nine of the newly-qualified associates are joining Jones Day’s litigation group while the remaining 11 are spread between a variety […]