Clyde & Co has revealed it will retain 95 per cent of its trainees as newly-qualified (NQ) solicitors.
It will keep on 36 of 37 trainees on in NQ roles across the firm’s practice areas. This means that the firm continues its run of high retention rates. Last September, it announced a 94 per cent rate (19 September 2012), keeping on 34 of 36 trainees and in September 2011 it retained 20 of 26 in NQ roles, resulting in a 77 per cent retention rate. Clyde & Co does not have a spring intake.
Recently announced retention rates in the City include those of Simmons & Simmons and CMS Cameron McKenna (2 September 2013). Simmons revealed a retention rate of 71 per cent, a significant drop from last autumn’s rate of 89 per cent.
CMS announced a rate of 82 per cent, giving 28 of 34 qualifying trainees jobs in its Bristol, Edinburgh and London offices.