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Legal Week

Slaughter and May announces 97% trainee retention rate

Slaughter and May is the latest firm to announce a near 100% trainee retention rate for its autumn intake.
3 minute read

International Edition

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%.
2 minute read

International Edition

Slaughters reveals strongest magic circle retention rate for spring 2014 intake

Slaughter and May has given jobs 95% of its March-qualifying trainees, marking an increase on last year's retention rate. Of Slaughters' 40-strong intake, 38 trainees accepted a position at the firm to become newly qualified (NQ) lawyers
2 minute read

International Edition

Freshfields posts 80% spring retention rate

Freshfields Bruckhaus Deringer has become the third magic circle firm to confirm its trainee retention rate for its spring intake, posting a figure of 80%
2 minute read

International Edition

CC reveals improved March retention rate with 94% of NQs taking jobs

Clifford Chance (CC) has become the latest magic circle firm to reveal its spring retention rate, announcing it will keep on 94% of its March 2014 intake of newly qualified (NQ) lawyers. The magic circle firm has offered roles to 45 of 48 potential NQs, with all of them accepting positions.
2 minute read

International Edition

BLP and Ashurst confirm 80%-plus spring trainee retention rates

Ashurst and Berwin Leighton Paisner have announced their trainee retention rates for the first intake of 2014, with both firms keeping on more than 80% of qualifying lawyers.
2 minute read

International Edition

A&O posts 84% retention rate for spring 2014 NQ intake

Allen & Overy (A&O) has become the first major law firm to post retention rates for its spring 2014 intake, with the firm set to keep on 84% of its newly-qualified (NQ) lawyers. The magic circle firm has offered roles to 42 of 45 trainees that applied to qualify, out of a total intake of 49, marking a 93% offer rate. Of these, one chose not to accept a position.
2 minute read

International Edition

Bonus season – the pros of treating junior lawyers fairly, if not equally

Back in May, Legal Week tallied up the number of law firm jobs placed at risk of redundancy over the previous 12 months. The figure reached was a rather shocking 1,300, including some 750 jobs that had actually been cut at that point. Since then, the number of firms announcing redundancy programmes has slowed dramatically, although not completely. Several firms including DWF, Taylor Wessing and Bond Dickinson have made cuts – particularly following mergers and back office outsourcing deals.
3 minute read

Legal Week

Bonus season – the pros of treating junior lawyers fairly, if not equally

Back in May, Legal Week tallied up the number of law firm jobs placed at risk of redundancy over the previous 12 months. The figure reached was a rather shocking 1,300, including some 750 jobs that had actually been cut at that point. Since then, the number of firms announcing redundancy programmes has slowed dramatically, although not completely. Several firms including DWF, Taylor Wessing and Bond Dickinson have made cuts – particularly following mergers and back office outsourcing deals.
7 minute read

International Edition

NQ intake at London offices of top US firms dips by 6%

The intake of newly qualified lawyers (NQs) at the largest US and international firms in the UK fell by 6% in the last year, highlighting the continued uncertainty for lawyers at the junior end of the profession. Just a handful of firms in the group of 21 surveyed by Legal Week posted year-on-year increases in the number of NQs who were offered and accepted a training contract. These included Mayer Brown, Shearman & Sterling, McDermott Will & Emery and Sidley Austin. Sidley Austin, alongside Paul Hastings and Skadden Arps Slate Meagher & Flom were the only firms to retain 100% of their intake. The research also highlighted the sizeable impact US and international firms have had on the graduate recruitment market, with Reed Smith, Dentons and Baker & McKenzie each taking on at least 25 NQs in 2013.
3 minute read

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