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9 January 2012 | By Laura Manning
13 August 2013
31 July 2013
14 August 2013
12 August 2013
29 July 2013
White & Case’s newly qualified (NQ) retention rate for March 2012 qualifiers has offered a ray of hope for final seat trainees.
The US-headquartered firm has announced it is retaining 94 per cent, keeping 15 out of 16 of its qualifying trainees solicitors.
The figures are steady on its last two NQ intakes, holding onto 15 out of 16 in September 2011, giving it a result of 94 per cent.
Meanwhile, the firm posted a rate of 92 per cent in March 2011, retaining 12 out of 13 of its trainees.
The news points to further recovery in the NQ market following a number of rosier results, with the majority of retention rates announced to date sitting above 80 per cent.
Travers Smith is the only firm so far to announce 100 per cent retention rate, keeping all four of it’s trainees (5 January 2012).
Alex D | 9-Jan-2012 12:21 pm
Look how US firms are steaming ahead - good salaries and good retention rates what more do you need?? Yes perhaps you won't have enough time to spend your well earned cash but at least in less than three years you would be in a good position to get on the property market! not bad if you're only 25/26!!
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Julian Hedgefund | 11-Jan-2012 2:18 pm
This high retention rate is encouraging.
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