Eversheds and Clydes announce retention rates for autumn intakes
Eversheds and Clyde & Co have become the latest UK top 50 firms to confirm their autumn trainee retention rates for 2013, following a clutch of announcements in recent weeks. Eversheds is keeping on 84% of its newly qualified (NQ) lawyers this autumn after offering 40 of its 45 qualifiers a role at the firm, with 38 accepting. The percentage is flat on last autumn's round, when the firm retained the same proportion of NQs.
September 10, 2013 at 06:06 AM
3 minute read
Eversheds and Clyde & Co have become the latest UK top 50 firms to confirm their autumn trainee retention rates for 2013, following a clutch of announcements in recent weeks.
Eversheds is keeping on 84% of its newly qualified (NQ) lawyers this autumn after offering 40 of its 45 qualifiers a role at the firm, with 38 accepting. The percentage is flat on last autumn's round, when the firm retained the same proportion of NQs.
Meanwhile, Clydes has confirmed it will hold on to 95% of its qualifying round, after 36 of its total intake of 37 took a role at the firm. The result remains broadly static on the rate achieved last September, when the firm held on to 94% of its qualifiers.
Simmons & Simmons, CMS Cameron McKenna and Weil Gotshal & Manges have all also recently announced details of their autumn intakes, with the trio seeing declining retention rates.
Weil Gotshal & Manges' London arm has offered jobs to four of its six qualifying trainees, all of whom accepted, to give a retention rate of 67%. The result is down on last year's 73% rate when the firm offered roles to 10 of its 11-strong autumn trainee intake, employing eight of them.
Simmons is keeping on 71% of its NQs after offering 17 of its 24-strong intake a role at the firm, with all accepting.The rate is significantly down on the firm's result last autumn, when the firm kept on 89% of NQs.
UK top 20 peer CMS Cameron McKenna has retained 28 out of an intake of 34, giving a retention rate of 82%, slightly down on the same point last year when the firm took on 84% of its autumn qualifiers.
Other firms to have confirmed their September retention rates in recent weeks include Hill Dickinson, which is retaining 15 of its 21-strong intake, resulting in a 71% retention rate. Last year the firm kept on 21 of its 26 NQ solicitors over the course of 2012.
Weightmans is keeping on 14 of an intake of 15 NQs, marking a 93% retention rate, while Scots firm Maclay Murray & Spens has kept on 79% of its autumn qualifiers, with 15 of 19 trainees staying on across London, Glasgow, Edinburgh and Aberdeen offices.
Chief executive Chris Smylie said: "It signals our confidence in the future, as we further build our strategy for growth, following last year's root and branch review."
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