Clyde & Co has seen its global trainee retention rate fall to 76 per cent, as 35 out of 46 final-seat trainees were given newly-qualified (NQ) positions.
In the UK the firm’s trainee retention rate also stood at 76 per cent, with 29 of the 38 trainees offered positions.
The rate is significantly lower than the 98 per cent boasted by the firm in 2014, when Clydes offered 42 of its 43 trainees NQ positions.
Of the 35 trainees staying at Clydes this autumn, 28 will be placed into the firm’s London office, two in Manchester, two in Dubai and three in Hong Kong.
Clydes’ insurance group will receive the largest number of NQs, with 10 entering the practice. The disputes practice has taken seven, while six have joined transport, five went to corporate and three to international arbitration.