Pinsent Masons posts improved trainee retention rate while CMS slides to 62%
Pinsents makes offers to all 16 of its qualifying trainees who applied for roles at the firm
March 27, 2015 at 06:46 AM
2 minute read
Pinsent Masons has reported a spring trainee retention rate of 79%, an improvement on the rate it posted last autumn.
Of the qualifying class of 19 trainees, 16 applied for roles with the firm. All of those candidates received offers, with 15 accepting.
Pinsents has also confirmed retention rates for its larger autumn qualifying round last year. Of the 66 UK qualifiers in that intake, 60 applied for roles.
Fifty-one trainees were made offers, and one declined, resulting in an overall retention rate of 76%.
Meanwhile, CMS Cameron McKenna has reported a retention rate of just 62% for its spring 2015 intake. The rate is down on what the firm reported last spring when it kept 67% of its trainees.
The firm will hold on to 16 of its 26 trainees. Fourteen of the successful trainees are based in London and two are in Bristol.
CMS senior partner Penelope Warne said the firm liked to offer positions "to as many trainees as possible".
Pinsents' results are in line with some similar-sized firms such as Berwin Leighton Paisner, which kept 75% of trainees this spring, but lower than other peers such as Eversheds, which reported a retention rate of 88% last autumn.
Many top 50 firms have now reported their retention rates for this spring's qualifiers. Among the magic circle, Allen & Overy and Slaughter and May again performed well, keeping on 93% and 92.5% of trainees respectively.
Other strong performers included Ashurst (91%) and Norton Rose Fulbright (81%).
Addleshaw Goddard has reported one of the lowest spring rates with 50%, though the firm did only take on a small round with four trainees qualifying.
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