A slew of firms including Freshfields, Nabarro and Fieldfisher have released strong trainee retention figures for their September qualifiers. But K&L Gates appears to have bombed.
Freshfields is keeping on 82% (37 out of 45) of its trainees qualifying this Autumn. The result is not as impressive as fellow Magic Circle firm Linklaters' 93% rate, but continues a respectable run for the firm. It kept on 80% of its Spring qualifiers (35 out of 44), and retained 81% last September (39 out of 48).
And there's good news for Fieldfisher trainees, all of whom have been given NQ positions in the sexily-rebranded firm. Last September it managed 12 out of 17. This year, with a smaller intake of 11, it has been able to retain 100%. A spokesman explained to RollOnFriday that the intake was trimmed "in response to the financial crisis". Plenty of firms have prudently done the same. While bad news for students hunting a training contract, it appears to have increased trainees' chances of getting a permanent job at the end of it, instead of a lottery.
Nabarro has also announced a solid retention rate, having made offers to 14 of its 16 trainees with all but one accepting (81%). As did Jones Day, which is keeping 80% of its September qualifiers (eight out of 10). Placing further down the table, KWM SJ Berwin is retaining 73% (16 out of 22).
There's less cause to celebrate at Trowers & Hamlins, where 64% (seven out of 11) trainees are being hired. And it's truly torrid at K&L Gates. RollOnFriday understands that only three of the eight-strong intake have been given jobs. The firm failed to respond to requests for comment.
The summary of this September's retention figures below shows the firms with the highest retention rate at the top, and K&L Gates at the bottom:
If you know your firm's retention rate, let RoF know.
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Freshfields is keeping on 82% (37 out of 45) of its trainees qualifying this Autumn. The result is not as impressive as fellow Magic Circle firm Linklaters' 93% rate, but continues a respectable run for the firm. It kept on 80% of its Spring qualifiers (35 out of 44), and retained 81% last September (39 out of 48).
And there's good news for Fieldfisher trainees, all of whom have been given NQ positions in the sexily-rebranded firm. Last September it managed 12 out of 17. This year, with a smaller intake of 11, it has been able to retain 100%. A spokesman explained to RollOnFriday that the intake was trimmed "in response to the financial crisis". Plenty of firms have prudently done the same. While bad news for students hunting a training contract, it appears to have increased trainees' chances of getting a permanent job at the end of it, instead of a lottery.
Nabarro has also announced a solid retention rate, having made offers to 14 of its 16 trainees with all but one accepting (81%). As did Jones Day, which is keeping 80% of its September qualifiers (eight out of 10). Placing further down the table, KWM SJ Berwin is retaining 73% (16 out of 22).
There's less cause to celebrate at Trowers & Hamlins, where 64% (seven out of 11) trainees are being hired. And it's truly torrid at K&L Gates. RollOnFriday understands that only three of the eight-strong intake have been given jobs. The firm failed to respond to requests for comment.
K&L Gates trainees celebrating yesterday |
The summary of this September's retention figures below shows the firms with the highest retention rate at the top, and K&L Gates at the bottom:
If you know your firm's retention rate, let RoF know.