Clifford Chance has retained 96 per cent of its autumn 2015 qualifying trainees, keeping 45 of 47 on at the firm.
The magic circle firm offered 45 of its trainees an NQ role and all 45 accepted. The firm did not disclose any information on practice or geogaphic breakdown or whether any of the trainees were on short-term contracts.
The news comes shortly after London managing partner David Bickerton pledged to take on 10 more trainees to cope with the increase in work.
It is understood that the firm requires the extra junior resources from this September. However, the firm asserted that its formal trainee recruitment target of 100 per year was not changing and was not expected to change in the future.
Clifford Chance firm kept on just 75 per cent of its autumn qualifiers last year but in spring 2015 kept on 91 per cent of trainees. Its spring retention is historically higher than its autumn retention: in spring 2014 it retained 94 per cent of trainees while in spring 2013 it kept 82 per cent of trainees on.
Fellow magic circle outfit Freshfields Bruckhaus Deringer announced its retention last week, keeping 83 per cent, or 40 of 48, of its cohort on. Slaughter and May revealed that it would retain 89 per cent of its trainee cohort in June. Of its 37 strong cohort, 33 NQs will stay with the firm.