Ashurst posts 93 per cent NQ retention rate

Ashurst has reported an improvement in its newly qualified lawyer (NQ) retention rates for a second year running.

The top 20 law firm posted a figure of 93 per cent, after deciding to keep 26 out of 28 of its Autumn 2011 qualifiers.

This is higher than both in September 2010 and 2009 when the firm reported retention rates of 87 and 73 per cent respectively.

Partner David Jones said: “We’re very pleased with the high retention rate, reflecting both the calibre of our trainees and the overall level of activity in the firm.”

Elsewhere, LG has revealed it is retaining 10 out of its 12 qualifying trainee solicitors, giving the firm an 83 per cent NQ retention rate.

This also marks an improvement on September 2010, when LG announced a figure of 76 per cent after keeping 16 out of 21 NQs.

The news arrives following Hogan Lovells revealing 73 per cent retention, which represented a slightly higher figure than at the same point last year, and and significantly better than Spring 2011, when it retained just 56 per cent of its NQs (read more).

Berwin Leighton Paisner, meanwhile, is holding onto 95 per cent of its final seat trainee solicitors, keeping 19 out of 20 of when they qualify in September.