Ashurst retains 79% of spring trainees
The international firm has held onto 79% of its trainees - none of which have joined the finance department
April 07, 2016 at 12:12 PM
2 minute read
Ashurst has retained 79% of its spring trainee intake, with 15 accepting places at the firm.
The international law firm had 19 lawyers in its intake, 17 of which were offered a contract.
Fifteen accepted and will join the firm as newly qualified lawyers (NQs).
Eleven of the NQs will enter the firm's corporate group and the other four will join the litigation group.
Ashurst held onto 91% of its trainees in last year's spring retention round, with 21 of its 23-strong intake accepting roles.
The firm's retention rate is just behind that achieved by the magic circle firms.
Last month Freshfields Bruckhaus Deringer became the final magic circle firm to unveil its spring retention figures.
Freshfields kept on 31 of its 38-strong cohort of trainees, after making offers to 33, with two opting to leave the firm rather than take up the offer.
Clifford Chance (CC) reported the lowest rate of the elite group of UK firms, keeping on 80% of its spring qualifying trainees with 43 of the 54-strong cohort staying on at the firm.
Linklaters announced that its spring retention rate had fallen eight percentage points to 83%, with 45 trainees accepting offers out of 49 that qualified.
Elsewhere, Slaughter and May retained 95% of its trainees, with 38 out of 40 accepting offers to stay with the firm.
Allen & Overy retained 91% of its trainees, with 39 out of the firm's 43 qualifying trainees staying with the firm. All of the trainees offered places elected to stay with the firm.
In May 2015 Ashurst handed pay increases to all of its associates and trainees, following in the footsteps of Linklaters and Slaughter and May.
The firm, which provides average salaries for the different associate and trainee groups, gave the largest rise, 8%, to associates with three years' experience.
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