Trainee retention rates dip in 2012 as post-recession recovery falters
Trainee retention rates at UK law firms have dipped this year for the first time since the height of the downturn in 2009, according to a new survey of 123 commercial firms. The research, conducted by the Chambers Student Guide, found that 2,074 out of 2,620 qualifying trainees were kept on at their firms this year, equating to an overall retention rate of 79.1%, down on last year's rate of 80.5%.
December 11, 2012 at 07:03 PM
4 minute read
Trainee retention rates at UK law firms have dipped this year for the first time since the height of the downturn in 2009, according to a new survey of 123 commercial firms.
The research, conducted by the Chambers Student Guide, found that 2,074 out of 2,620 qualifying trainees were kept on at their firms this year, equating to an overall retention rate of 79.1%, down on last year's corresponding figure of 80.5%.
Prior to this year, retention rates had been recovering steadily in the wake of the financial crisis, with previous Chambers research showing rates creeping back up towards pre-recession levels from a low of 74% in 2009, after plummeting from a figure of 82% in 2008 before the crunch took hold.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'Fire All the Bullets Now': EEOC Enforcements Surge
- 4'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
- 5Suspect in Courthouse Bombing Was Targeting Judge, Deputies, Say Prosecutors
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250