Macfarlanes, Ince & Co and Linklaters have all announced great Autumn retention rates, while Stewarts Law has posted the worst results of any firm so far.
Macfarlanes has offered permanent positions to 23 of the 25 trainees (a retention rate of 92%), with the other two trainees offered fixed term contracts. To make the fuzzy feeling even better, the trainees will qualify on a decent £75k.
It has been a good run for the silver circle firm having posted a perfect 100% retention score in spring this year, and achieved 85% retention last autumn. Seán Lavin, Head of Graduate Recruitment at Macfarlanes told RollOnFriday "We recruit trainees of the highest quality and we do so with a view to offering them long-term careers with the firm. We try very hard to ensure that we can offer a role to each trainee on qualification in order to keep that talent within the firm."
Ince & Co is also a happy ship as 90% of its trainees will qualify this Autumn. The result is pretty much on a par with last year when the firm posted a result of 89% . The shipping firm offered jobs to all of its ten trainees, with just one trainee declining. The NQs will start on £63,250. Two of the trainees will be sunning themselves in celebration as they qualify abroad: one in Monaco and one in Dubai.
Andrew Jameson, Ince & Co's Director of HR said “The success of our graduate trainee programme is testament to the open and inclusive culture at the firm. Trainees are encouraged to make a real contribution and get involved in all aspects of our practice areas with the support of our experienced partners and solicitors.”
Linklaters has announced strong results as it is retaining 84% of its trainees this Autumn. The firm offered jobs to 53 of the 56 trainees in the cohort, with 47 of them accepting. The magic circle firm also posted a similar score earlier this year, as it held on to 86% of its trainees in the spring.
At the other end of the scale, Taylor Wessing posted less than stellar retention results as just 16 trainees out of a cohort of 26 will qualify with the firm; a score of 62%. It's a drop from last year's result of 77%. The NQs will start on a salary of £65,000. Kirstie McGuigan, head of the firm's UK graduate recruitment committee said "It's disappointing our retention rate is down on last year, but that's a product of a number of factors and doesn't paint the full picture". She added "to be recognised with multiple awards for the strength of our graduate recruitment and development programme is testament to the quality of the training we give, and we hope this will be reflected with an uplift in retention rates next year ".
McGuigan also said "in the last year we have strengthened our graduate programme with the introduction of game based video assessments to enhance the candidate experience and we've seen success with 30% of applications for our summer vacation from Aspiring Solicitors". But even if they don't get a job at least they'll have memories of playing a law-based space invaders game during the assessment process.
At the bottom of the pile Stewarts Law has posted a dire retention rate of 25%. The firm will hold on to just one of its four trainees this autumn, which is the poorest result of any firm so far. A firm spokeswoman confirmed the retention rate but declined to provide a comment.
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Macfarlanes has offered permanent positions to 23 of the 25 trainees (a retention rate of 92%), with the other two trainees offered fixed term contracts. To make the fuzzy feeling even better, the trainees will qualify on a decent £75k.
It has been a good run for the silver circle firm having posted a perfect 100% retention score in spring this year, and achieved 85% retention last autumn. Seán Lavin, Head of Graduate Recruitment at Macfarlanes told RollOnFriday "We recruit trainees of the highest quality and we do so with a view to offering them long-term careers with the firm. We try very hard to ensure that we can offer a role to each trainee on qualification in order to keep that talent within the firm."
Ince & Co is also a happy ship as 90% of its trainees will qualify this Autumn. The result is pretty much on a par with last year when the firm posted a result of 89% . The shipping firm offered jobs to all of its ten trainees, with just one trainee declining. The NQs will start on £63,250. Two of the trainees will be sunning themselves in celebration as they qualify abroad: one in Monaco and one in Dubai.
Andrew Jameson, Ince & Co's Director of HR said “The success of our graduate trainee programme is testament to the open and inclusive culture at the firm. Trainees are encouraged to make a real contribution and get involved in all aspects of our practice areas with the support of our experienced partners and solicitors.”
Linklaters has announced strong results as it is retaining 84% of its trainees this Autumn. The firm offered jobs to 53 of the 56 trainees in the cohort, with 47 of them accepting. The magic circle firm also posted a similar score earlier this year, as it held on to 86% of its trainees in the spring.
At the other end of the scale, Taylor Wessing posted less than stellar retention results as just 16 trainees out of a cohort of 26 will qualify with the firm; a score of 62%. It's a drop from last year's result of 77%. The NQs will start on a salary of £65,000. Kirstie McGuigan, head of the firm's UK graduate recruitment committee said "It's disappointing our retention rate is down on last year, but that's a product of a number of factors and doesn't paint the full picture". She added "to be recognised with multiple awards for the strength of our graduate recruitment and development programme is testament to the quality of the training we give, and we hope this will be reflected with an uplift in retention rates next year ".
McGuigan also said "in the last year we have strengthened our graduate programme with the introduction of game based video assessments to enhance the candidate experience and we've seen success with 30% of applications for our summer vacation from Aspiring Solicitors". But even if they don't get a job at least they'll have memories of playing a law-based space invaders game during the assessment process.
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At the bottom of the pile Stewarts Law has posted a dire retention rate of 25%. The firm will hold on to just one of its four trainees this autumn, which is the poorest result of any firm so far. A firm spokeswoman confirmed the retention rate but declined to provide a comment.
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However, one would expect the percentage retention of smaller firms to fluctuate more extensively than the percentage retention of larger firms.
Graduates should average retention rates over a number of years to get an accurate picture.
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