Ashurst’s NQ retention rate falls to 70 per cent

Ashurst has revealed a drop in its retention rate to 70.3 per cent, with 19 of its 27 March-qualifying trainees staying on at the firm.

This is the lowest retention rate posted by the firm since spring 2010, when it posted a rate of 67 per cent.

Last summer it announced a retention rate of 83 per cent, keeping 24 out of 29 trainees.

Partner and trainee principal David Jones commented: “Retention rates obviously vary in accordance with business need, market conditions and the individual group although, of course, we do aim to keep on as many qualifiers as possible.”

Earlier this week, Nabarro announced a retention rate of 78 per cent (7 January 2013).