Freshfields Bruckhaus Deringer is to give a no-strings cash payment to trainees not offered a job after it emerged that the City firm will take on only 70% of its qualifying trainees in September. The move comes as the magic circle law firm confirmed that 70% of its current September qualifying class - around 34 out of 50 - will be offered a position.This number is significantly down on last September's intake, which saw a 91% retention rate. Freshfields took on 86% of trainees qualifying in March.
May 22, 2009 at 01:12 PM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer is to give a no-strings cash payment to trainees not offered a job after it emerged that the City firm will take on only 70% of its qualifying trainees in September.
The move comes as the magic circle law firm confirmed that 70% of its current September qualifying class – around 34 out of 50 – will be offered a position.
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