Weil is retaining half of its qualifying trainees this year in a rare blip for the firm, while Osborne Clarke and 2Birds have both scored in the 80s.
Five newly-qualified solicitors are staying on at the US firm's London office. But five are leaving, which is enough to put the firm at the bottom of the trainee retention scoreboard as it currently stands. It represents an uncharacteristic dip for Weil, which kept on all nine of its 2015 qualifiers, as well as all three of its 2016 March qualifiers and nine of its eleven 2016 Autumn qualifiers.
Another US firm, Kirkland & Ellis, occupies the second bottom spot with 55%. Four out of nine trainees are leaving, which was perhaps predictable given some of the comments in the RollOnFriday Firm of the Year 2017 survey. Despite the giant paypackets, said a source close to the firm, the long hours mean Kirkland "isn't for everyone". Last year it managed 100%.
Confirming Weil's leaked stat (leak your firm's retention figures here), a Weil spokesman said its trainees were only leaving because roles couldn't be found in their desired practice areas. He said the firm was "pleased to be able to offer qualification opportunities for our trainee cohort", but, "Unfortunately, however, some of our trainees were keen to qualify into groups which have taken a number of NQs in recent intakes". All full up, he said Weil was not able to "offer contracts to every trainee in the groups of their choice".
Meanwhile, RollOnFriday Firm of the Year 2017 silver medallist Osborne Clarke has given 14 out of 17 trainees jobs, while fellow runner-up Bird & Bird is keeping 15 out of 18.
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Five newly-qualified solicitors are staying on at the US firm's London office. But five are leaving, which is enough to put the firm at the bottom of the trainee retention scoreboard as it currently stands. It represents an uncharacteristic dip for Weil, which kept on all nine of its 2015 qualifiers, as well as all three of its 2016 March qualifiers and nine of its eleven 2016 Autumn qualifiers.
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Sorry George, and everyone. |
Another US firm, Kirkland & Ellis, occupies the second bottom spot with 55%. Four out of nine trainees are leaving, which was perhaps predictable given some of the comments in the RollOnFriday Firm of the Year 2017 survey. Despite the giant paypackets, said a source close to the firm, the long hours mean Kirkland "isn't for everyone". Last year it managed 100%.
Confirming Weil's leaked stat (leak your firm's retention figures here), a Weil spokesman said its trainees were only leaving because roles couldn't be found in their desired practice areas. He said the firm was "pleased to be able to offer qualification opportunities for our trainee cohort", but, "Unfortunately, however, some of our trainees were keen to qualify into groups which have taken a number of NQs in recent intakes". All full up, he said Weil was not able to "offer contracts to every trainee in the groups of their choice".
Meanwhile, RollOnFriday Firm of the Year 2017 silver medallist Osborne Clarke has given 14 out of 17 trainees jobs, while fellow runner-up Bird & Bird is keeping 15 out of 18.
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