Linklaters and Slaughters see September retention rates rise
Linklaters and Slaughter and May are both keeping on more than 85% of their September-qualifying trainees, with the magic circle pair increasing their retention rates on last year. Linklaters has retained 87% of its newly qualified (NQ) lawyers after offering 47 trainees a job out of a 54-strong cohort. Two NQs chose not to apply. The figure is up on a retention rate of 78% this time last year.
August 01, 2013 at 07:56 AM
2 minute read
Linklaters and Slaughter and May are both keeping on more than 85% of their September-qualifying trainees, with the magic circle pair increasing their retention rates on last year.
Linklaters has retained 87% of its newly qualified (NQ) lawyers after offering 47 trainees a job out of a 54-strong cohort. Two NQs chose not to apply. The figure is up on a retention rate of 78% this time last year.
Meanwhile, Slaughters is set to keep on 88% of its September qualifiers. Of a 51-strong round, 46 were offered a role at the firm, with one turning down an offer. The result is mainly static on last year's rate, when Slaughters confirmed it would keep on 42 of its 48-strong September intake, marking an 87.5% retention rate.
Magic circle peers Clifford Chance (CC) and Freshfields Bruckhaus Deringer have both already confirmed their September 2013 retention rates, each posting results of about 80%.
CC retained 80% of its NQs after 48 of its 60-strong cohort accepted roles at the firm, out of 51 who were offered jobs. Freshfields is keeping on 81% of its autumn qualifiers, with the magic circle firm offering roles to 40 of its 48 NQs, with 39 accepting.
The figures come as both Mills & Reeve and Trowers & Hamlins confirm their own retention rates for this autumn's intake.
Mills & Reeve is keeping on 17 of its 20 NQs, giving a retention rate of 85%, while Trowers will retain six of seven qualified trainees, taking its rate to 95%.
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