Ashurst has kept on 79 per cent of its spring qualifying trainees.
The firm had 19 trainees in its intake, the lowest number in several years (see graph). It offered positions to 17 and a total of 15 decided to stay on in permanent newly qualified (NQ) positions.
The retention rates are Ashurst’s lowest since January 2013, in which the firm kept 70 per cent of its 27 March-qualifying trainees.
Since then, the firm’s results have risen to a high of 96 per cent, with Ashurst keeping 23 of the 24 qualifying in January 2014.
Last autumn, Ashurst retained 86 per cent of its qualifiers, with the firm announcing a 3 per cent boost in NQ salaries from £63,000 to £65,000.
Eleven of the qualifiers will go into the corporate group (encompassing corporate, projects, tax, real estate and competition) with four joining litigation (comprising disputes and employment.
Unusually, the finance group (banking, regulatory, securities and derivatives and restructuring) takes no qualifiers this time round.