CMS Cameron McKenna retention rates soar

CMS Cameron McKenna’s latest newly qualified (NQ) retention rates for spring 2012 have shown a good improvement on last year’s results.

The top 20 law firm is keeping 25 out of 31 of its final seat trainee solicitors, giving it a 81 per cent retention rate. However two of the trainees withdrew themselves from the application process to pursue alternative careers.

This is a massive boost from the firm’s spring 2011 results, which sat at a dismal 71 per cent after 22 of the 31 trainees accepted positions.

Meanwhile in autumn 2011 Camerons revealed it was keeping 24 of 30 its final seat trainee solicitors across all its UK offices and 18 out of 24 in its London office, resulting in an average retention rate of 78 per cent. One trainee withdrew from the application process (6 July 2011).

The news follows Nabarro coming out as the first law firm to announce its January 2012 NQ retention rates with 87 per cent, keeping 13 out of its 15 qualifiers (19 December 2011).