Slaughter and May is to retain 100 per cent of its autumn 2011 qualifiers.
The firm has confirmed that it will be keeping all 59 of its trainee solicitors when they qualify later this year. This is a boost from last autumn, when the firm’s retention rate was 93 per cent, as well as Slaughters’ March 2011 figures, when the firm confirmed it was retaining 96 per cent of its spring qualifiers.
Elsewhere, Sidley Austin has also revealed a 100 per cent retention rate for London-based trainees due to qualify in September.
The US law firm has announced that all seven of its newly qualified lawyers will be kept on, making it the second US firm to report a 100 per cent retention rate in recent weeks. The first US firm to do so was Chicago-based Kirkland & Ellis, which is also doubling its trainee intake, as reported by Lawyer2B.com in earlier this month (full story).
Meanwhile, Shearman & Sterling revealed a retention rate of 91.5 per cent for a second year running. The New York headquartered firm has offered newly qualified roles to 11 out of 12 Autumn 2011 qualifiers (read more).