Orrick has announced that it will not retain any of its qualifying trainees this September.
 
RollOnFriday has learnt that there are five individuals in Orrick's lost intake. They are a casualty of the firm's misplaced expectations of growth in London, and the doubling in size of its trainee intake. Training principal Simon Cockshutt has recently admitted the move was "a little ambitious".

     Orrick's NQ party in full swing

It is unclear how the grad rec team are going to keep a straight face in the future, as they try to sell the firm at careers fairs with guff like "Once you join, we want you to stay and build your career here". Although to be fair other advice on their website that their trainees need to be "self sufficient" with "a sense of humour" remains accurate.

In an attempt to fudge the figures a spokeswoman told RollOnFriday that the retention rate was actually 25%, because two out of three Spring qualifiers were retained and "we do not distinguish between our March and August qualifiers". Well everyone else does, so it's 0% this time round.

Dundas & Wilson was also slippery, refusing to divulge how many trainees it had in its intake and saying only that 21 trainees had applied for NQ jobs and 14 were accepted.

Meanwhile Manches also performed very poorly. The firm is keeping on just two out of ten trainees, a lowly 20%. A spokesman said it was down to the firm's "current business requirements" (ie: there isn't much business).

However shipping specialist Holman Fenwick Willan has posted a perfect 100% score. It is keeping all 15 of its trainees, who will now be permitted to subsist on grog and dress as Jack Sparrow to the office. Close behind is Bird & Bird, which is retaining an impressive 15 out of its 16 trainees (94%). And Norton Rose Fulbright, announcing its first retention figures since its US merger, is not only retaining 24 out of 26 trainees (92%), but raising NQ pay from £61.5k to £63k.

Here are the updated stats:

Firm
Total trainees
Trainees retained
Retention score Sept 2013
Holman Fenwick Willan
 15  15  100%
Sidley Austin
 9  9  100%
Osborne Clarke
 8  8  100%
Bird & Bird
 16  15  94%
Norton Rose Fulbright
 26  24  92%
Slaughter and May
 51  46  90%
Herbert Smith Freehills  34  30  88%
Linklaters  54  47  87%
BLP  21  18  86%
Mischon de Reya
 7  6  86%
Trowers & Hamlins
 7  6  86%
Mills & Reeve
 20  17  85%
Shearman & Sterling
 13  11  85%
Freshfields  48  39  83%
Nabarro  18  15  83%
Jones Day
 11  9  82%
Clifford Chance
 60  51  80%
Ashurst  30  24  80%
Stephenson Harwood
 10  8  80%
White & Case
 14  11  79%
Field Fisher Waterhouse
 17  12*  76% sort of*
SJ Berwin
 19  14  74%
DLA  77  56  73%
Taylor Wessing
 23  16  70%
Hogan Lovells
 36  25  69% sort of**
Ince & Co
 15  10  67%
Dundas & Wilson
 At least 21
 14  Less than 67%
Shoosmiths  22  9  41%
Manches  10  2  20%
Orrick  5  0  0%
*5 of FFW's NQs have been put on 12 month contracts.
**2 of HogLove's NQs have been put on 12 month contracts.

If you know your firm's retention figures, send them in anonymously.
 
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Comments

Anonymous 16 August 13 13:24

Even if Orrick use a yearly figure, 2 out of 10 is 20%, not 25%. If it was a RoF typo, fair enough but if Orrick gave that figure then no wonder they cannot retain trainees with that sort of maths!

Anonymous 16 August 13 23:57

Maybe the trainees just weren't any good? God knows there's enough thick solicitors as it is. No point retaining trainees for the sake of rankings.

Anonymous 21 August 13 03:15

... but then again maybe Orrick are better at maths than anonymous user @ 16/8/2013 12:24 is at reading the article.
Two out of EIGHT is 25% last time I checked on my calculator. Then again maybe the post is further proof of 22:57's comment.