Allen & Overy boosts autumn trainee retention rate to 82%
Allen & Overy has become the final magic circle firm to announce retention figures for its September 2014 qualifying trainees, keeping on 82% of its cohort, up from 2013's figure of 72%.
August 28, 2014 at 07:08 PM
2 minute read
Allen & Overy (A&O) has become the final magic circle firm to announce retention figures for its September 2014 qualifying trainees, keeping on 82% of its cohort, up from 2013′s figure of 72%.
Of the 50 trainees in the intake, 46 applied for positions with the firm, with 43 offers made and all but two of those offered a place accepting.
The result represents a significant improvement after the firm's retention rate dropped from 79% to 72% between its 2012 and 2013 autumn qualifiers.
Every magic circle firm has now reported its autumn retention rates, with Slaughter and May coming in with the highest at 97%.
Linklaters posted the next highest, holding on to 93% of its 57-strong cohort, while A&O's results mirror the 82% rate announced by Freshfields Bruckhaus Deringer.
At 75%, Clifford Chance held on to the least September qualifiers of the magic circle.
In total, of the 239 trainees across the magic circle's autumn 2014 qualifying intake, 204 have accepted offers to remain with their respective firms.
Separately, DWF has also announced a retention rate of 81% for its 48-strong autumn cohort, holding on to the largest number of trainees in the firm's history.
Norton Rose Fulbright has retained 17 of its 22 September trainees, a rate of 77% compared to 92% for this year's May qualification round.
At Macfarlanes, 22 of the firm's 25 September qualifyers were offered positions with the firm. 3 chose not to apply and 21 trainees, 84% of the total, accepted the offers.
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