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International Edition

UK top 30 trainee retention stable as results reveal rates above 90%

Initial indications show trainee retention rates at the UK's leading law firms are largely stable as a number of firms announce the proportion of September qualifiers to be offered places. Top performers include Slaughter and May, which has posted a 93% retention rate, with the firm set to keep 57 of a total 61 qualifiers after 60 applied for a position.
2 minute read

International Edition

Olswang and McGrigors unveil low retention rates for September NQ intakes

Olswang has kept on just 14 of the 24 newly-qualified (NQ) lawyers in the firm's September intake, equating to a retention rate of 58%. The firm has said that it did offer 19 places to its trainees, but that some departments were oversubscribed.
2 minute read

International Edition

Addleshaws heads up 2010 trainee retention rankings with 89% of March intake kept on

Addleshaw Goddard retained the highest number of March 2010 qualifying trainees in the UK top 30, with the national law firm keeping 89% of its intake. The firm kept on eight of the nine trainees qualifying and 100% of those applying for jobs, putting its retention rate narrowly ahead of those recorded by Nabarro and Wragge & Co and significantly above the 75% average across the top 30 as a whole.
4 minute read

International Edition

Trainee retention at UK top 30 falls below 80%

Trainee retention rates across the UK's top 30 law firms have been hit by the ongoing economic downturn, with most firms with March 2010 intakes retaining under 80% of their newly-qualified lawyers. Legal Week research shows the average retention rate for March 2010 stood at 75%, comparing acceptances with the number of qualifiers, a drop of nearly 10% on the 83% retention rate reported in March 2009.
3 minute read

International Edition

Dentons opts to keep on just one trainee from March intake

Denton Wilde Sapte is to retain just one of the seven trainees due to qualify at the firm in March. Two trainees withdrew from the qualification process, but of the five remaining, Dentons chose to offer a position to only one. The decision means the firm's retention rate stands at just 20% of those applying and 14% of the total intake.
2 minute read

International Edition

Lovells sees retention rates rise with 81% of March intake kept on

Lovells has retained 81% of its March intake of newly-qualified lawyers, with 26 of 32 applicants winning jobs at the City firm. The news marks a significant increase on September 2009's retention rate of 69%, when 36 trainees from a qualifying intake of 40 applied for a job at the firm, with a total of 25 taken on. Last March's intake saw a retention rate of 78%.
2 minute read

International Edition

Linklaters keeps on 79% of applicants from March trainee intake

Linklaters is to retain 49 of its current trainee intake, representing a 79% retention rate after 62 applied for a newly-qualified role at the firm. Of the 67 trainees due to qualify from the current intake, five resigned before the application process commenced.
2 minute read

International Edition

A&O keeps on 87% of NQs as retention rates begin to recover

Allen & Overy (A&O) has retained 87% of its March 2010 qualifying intake, marking an increase on the firm's projected retention rate. The magic circle firm has offered roles to 55 of the 63 trainees who applied, from a total intake of 66.
2 minute read

International Edition

BarCap retains 100% of trainees after first-ever in-house TCs

Barclays Capital's (BarCap) first-ever legal graduate trainees have successfully completed their training contracts, with all five being retained by the investment bank. The trainees undertook four six-month rotations among teams within BarCap's London finance and business departments. Although they benefited from some training from BarCap's panel of regular legal advisers - which includes several magic circle outfits - they did not undertake any private practice seats.
2 minute read

International Edition

Camerons retains 77% of September qualifying intake

CMS Cameron McKenna has kept on 77% of its September qualifiers, a retention rate that places the firm largely in line with figures reported by its City competitors this summer. The firm offered 21 out of 30 newly-qualified trainees jobs as associates, while also finding alternative roles for two of the other qualifiers, with one staying on as a paralegal and one hired as an assistant to Camerons general counsel Craig Perry.
2 minute read

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