There are red faces all round at Berwin Leighton Paisner after the firm was caught being, ahem, economical with the truth about its trainee retention rate.
Last week the firm put out a statement saying that it had "offered roles to 15 of our 20 final-seat trainees with 14 accepting. This equates to offering to 75% of our qualifying intake." And a fairly uninspiring retention rate of 70%.
When RollOnFriday duly reported this one disgruntled reader pointed out that BLP in fact had 23 final-seat trainees, three of whom had decided to leave on qualification. The firm had 'disappeared' them in order to make its figures look better. Students interested in applying to BLP might want to know that its actual retention rate is a pisspoor 61%.
A spokeswoman for the firm confirmed from her chair in the naughty corner that there were indeed 23 final-seat trainees but had nothing further to add.
Tip Off ROF
Last week the firm put out a statement saying that it had "offered roles to 15 of our 20 final-seat trainees with 14 accepting. This equates to offering to 75% of our qualifying intake." And a fairly uninspiring retention rate of 70%.
When RollOnFriday duly reported this one disgruntled reader pointed out that BLP in fact had 23 final-seat trainees, three of whom had decided to leave on qualification. The firm had 'disappeared' them in order to make its figures look better. Students interested in applying to BLP might want to know that its actual retention rate is a pisspoor 61%.
A pork pie yesterday |
A spokeswoman for the firm confirmed from her chair in the naughty corner that there were indeed 23 final-seat trainees but had nothing further to add.
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All part of the game
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It's an unfortunate reality that without knowing the individual stories behind a particular firms figures each year low figures are always hard to understand. Clearly though firms that don't consistently have people not applying, e.g. because the "right" job wasn't available leave trainees and applicants with some uncertainty throughout the process.
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Retention figures relate to retaining people. If all your trainees went off to join the circus, then you retained 0%. It's really that simple
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The SRA should be all over this.
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Have never heard of another firm doing anything like this.
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