Ashurst keeps on 21 of 23 in stellar retention round

Ashurst will retain 91 per cent of its spring 2015 qualifiers, the firm has revealed.

The City firm offered 21 of its 23-strong trainee cohort newly-qualified (NQ) roles, all of whom accepted. The other two trainees did not apply for NQ roles. 

Four NQs will work in corporate, three in energy, resources and infrastructure and three will be based in securities and derivatives. Two NQs will be based in competition, a further two will head to dispute resolution and two NQs will work in real estate. 

Five more teams – banking; employment, pensions and incentives; regulatory, restructuring and tax – will all take one NQ apiece.

Graduate recruitment partner Hammad Akhtar said: “We are delighted to have retained so many talented trainees and have every confidence they will make a significant contribution to the firm.”

Ashurst historically posts reasonably high retention. Its retention stood at 96 per cent, or 23 of 24, last spring and its lowest figure in the last five years was 67 per cent in spring 2010.

Meanwhile, Olswang will retain seven of eight of its trainee as NQ roles, which transates to a rate of 87.5 per cent. Two NQs will work in commercial litigation, two in corporate and two in media, communications and technology, while the remaining trainee will take up a position in construction. Olswang has recorded hugely mixed retention over recent years, keeping all of its trainees on  last spring, but less that 70 per cent in both autumn 2012 and autumn 2013.

Olswang and Ashurst’s news means that 18 firms have now reported their retention for spring 2015, with a total of 382 out of 448 trainees retained, or 85 per cent.

Olswang NQ destinations