Trainee retention round-up - how many are staying at Taylor Wessing, Jones Day and White & Case
Full retention rates for Jones Day, White & Case and Sullivan & Cromwell as Taylor Wessing's retention rate slips
July 14, 2015 at 06:25 AM
3 minute read
Taylor Wessing's autumn trainee retention rate has slipped to 87% as Jones Day, White & Case and Sullivan & Cromwell all retained all of their qualifying trainees.
Taylor Wessing this week announced it will retain 87% – 20 out of 23 – trainees as newly qualified solicitors in September. This is down from 91% for the equivalent cohort in 2014.
The trainees will qualify in a range of practice areas such as intellectual property, private client, corporate finance, disputes and investigations, private equity, and tax and incentives.
Kirstie McGuigan, Taylor Wessing's graduate recruitment partner, said: "Each of this group has received a high level of legal and commercial training during their training contracts here, and we're delighted to be able to retain them at Taylor Wessing."
Meanwhile, Jones Day said it would retain all of its 15 second year trainees as newly qualified lawyers in its London office.
David Smith, the partner in charge of the firm's trainee recruitment and development, said he was pleased the firm continued to retain all its qualifying trainees. He said: "We invest hugely in our trainee programme, and hope that one day these newly qualified lawyers will make partner, as many trainees have before them – 40% of our current London partners trained at the firm."
Last week, White & Case and Sullivan & Cromwell also posted 100% retention rates for London trainees qualifying in September this year.
At White & Case, all 14 City trainees accepted positions at the firm. In February, the firm also retained 100% of its London trainees while 86% took up roles in September 2014.
The newly qualified (NQ) lawyers will join a range of practices at the firm including capital markets, banking, corporate, private equity, disputes and energy, infrastructure, project and asset finance.
Last week, New York-based firm Sullivan & Cromwell announced it would retain all four of its autumn 2015 qualifiers in London.
The trainees are currently completing their final seats abroad, with two at the firm's HQ in New York, one in Hong Kong and another in Paris.
Earlier this month, Hogan Lovells revealed a retention rate of 79%. The firm will keep on 23 of 29 autumn 2015 qualifying trainees as newly qualified (NQ) lawyers.
The firm received applications from 26 of its trainees and made offers to 25. Of those 25, 23 accepted an offer. One of the 23 is on a short-term contract.
Nearly half of the total NQ cohort will join the corporate group. Litigation, arbitration and employment will take six while four NQs will head for finance. Two will join the competition department.
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