More and more firms are publishing their 2009 results and their trainee retention figures. And they are, generally, looking fairly positive although the two are, quite clearly, unrelated (according to law firm PR people ).
On the financial side, Allen & Overy's much-heralded results are in. With the firm celebrating its 80th birthday, PEP is up a wallet-bulging 10% to £1.1 million. And that's despite turnover dropping 4% to £1.05 billion.
So good times in the boardroom. And it's not all doom and gloom in the data-rooms either. The firm has celebrated its return to good fortune by announcing an extra day's holiday for everyone. More to the point, trainee retention looks solid, with 50 out of the 62 September qualifiers being kept on. That's 81%, which is not bad - although not as good as Freshfields with their 89% retention rate.
And the good news doesn't stop with A&O. Watson, Farley & Williams' results have been released, and the firm has achieved the double whammy of increasing both turnover (up 9.1% to £80.2 million) and PEP (up 4.2% to £448k). No word yet on trainee retention - let RollOnFriday know if your ears are close enough to the ground.
Meanwhile, BLP has done well, too. Of their 20 final-seat trainees, 18 have been offered jobs. A very good 90%. And a big shout out to Irwin Mitchell, which has offered 16 jobs to their 19 trainees. A spokewoman for the firm said there was a particularly strong focus on growth in the firm's London office.
As the RollOnFriday tables continue to grow, make sure your firm isn't missing out on either a slap on the back or a knee in the groin - let us know the numbers in complete confidence here.
Tip Off ROF
On the financial side, Allen & Overy's much-heralded results are in. With the firm celebrating its 80th birthday, PEP is up a wallet-bulging 10% to £1.1 million. And that's despite turnover dropping 4% to £1.05 billion.
So good times in the boardroom. And it's not all doom and gloom in the data-rooms either. The firm has celebrated its return to good fortune by announcing an extra day's holiday for everyone. More to the point, trainee retention looks solid, with 50 out of the 62 September qualifiers being kept on. That's 81%, which is not bad - although not as good as Freshfields with their 89% retention rate.
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Messrs Allen and Overy celebrate their birthday results |
And the good news doesn't stop with A&O. Watson, Farley & Williams' results have been released, and the firm has achieved the double whammy of increasing both turnover (up 9.1% to £80.2 million) and PEP (up 4.2% to £448k). No word yet on trainee retention - let RollOnFriday know if your ears are close enough to the ground.
Meanwhile, BLP has done well, too. Of their 20 final-seat trainees, 18 have been offered jobs. A very good 90%. And a big shout out to Irwin Mitchell, which has offered 16 jobs to their 19 trainees. A spokewoman for the firm said there was a particularly strong focus on growth in the firm's London office.
As the RollOnFriday tables continue to grow, make sure your firm isn't missing out on either a slap on the back or a knee in the groin - let us know the numbers in complete confidence here.