A&O keeps on 87% of NQs as retention rates begin to recover
Allen & Overy (A&O) has retained 87% of its March 2010 qualifying intake, marking an increase on the firm's projected retention rate. The magic circle firm has offered roles to 55 of the 63 trainees who applied, from a total intake of 66.
January 08, 2010 at 11:16 AM
2 minute read
Allen & Overy (A&O) has retained 87% of its March 2010 qualifying intake, marking an increase on the firm's projected retention rate.
The magic circle firm has offered roles to 55 of the 63 trainees who applied, from a total intake of 66.
The proportion is an increase on the firm's intended retention rate after it announced last year that it was likely to take on 70% of qualified trainees in both the September 2009 and March 2010 intakes.
A&O said at the time that it had not made a final decision about the retention rate, but that the figure was a "working assumption in light of the current financial climate".
This year's retention rate marks a slight decrease on last year, when the firm retained 91% of its newly-qualified trainees, awarding 51 of 56 a job at the firm.
A&O offers its training contracts around two years in advance, with around 50 trainees joining each year.
The news comes after a turbulent year for trainees at the UK's top 50 firms, with many seeing start dates and training contracts deferred as a result of the recession.
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