Norton Rose Fulbright posts 92% spring retention rate
Norton Rose Fulbright is keeping on 24 of the 26 trainees qualifying at the firm this month - equating to a retention rate of 92%.
May 13, 2014 at 09:14 AM
2 minute read
Norton Rose Fulbright is keeping on 24 of the 26 trainees qualifying at the firm this month – equating to a retention rate of 92%.
All of those offered positions with the firm – including one lawyer who qualified in March following a shortened training contract – accepted, bringing the headline retention figure in line with September 2013.
However, two of the newly-qualified (NQ) positions have only been offered on an initial six-month contract, with scope to extend them or make them permanent based on performance.
Excluding these temporary contracts, the firm has a retention figure of 85% for May.
In 2012 Norton Rose outlined plans to shift to a four-seat trainee rotation system over a two-year period. This resulted in a total of three qualification rounds last year, in January, May and September, which have been reduced to two intakes this year, in May and September. From 2015 the intakes will be in March and September.
Last May the firm held on to 89% of its qualifying solicitors after offering jobs to 18 of its 19-strong trainee intake, with 17 acceptances.
Meanwhile last January the firm kept on 76% of its NQs after 13 out of 17 accepted jobs at the firm.
Last July the firm raised salaries for its newly qualified (NQ) lawyers by £1,500, with pay growing to £63,000 from £61,500.
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