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".
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:
*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.
Tip Off ROF
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% |
**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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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.