Eversheds, DAC Beachcroft and CMS publish autumn retention

Eversheds has kept on 82 per cent of its autumn 2015 qualifying trainees

The firm retained 37 out of its 45 qualifiers in newly-qualified (NQ) roles, all on permanent contracts. Fifteen will work in the firm’s London office, with the rest spread between Birmingham, Cambridge, Cardiff, Leeds, Manchester and Nottingham.

Some 20 of the NQs joined the company commercial group, with seven going to litigation, seven to the human resources practice and three to real estate.

Eversheds also announced an overall a rise in junior salaries. NQs in London will now be paid £62,000, up 5 per cent, while those in the regions will earn £40,000, an 8 per cent pay boost.

Eversheds retention 2015

Meanwhile, CMS Cameron McKenna has kept on 38 of 50 qualifiers, or 76 per cent. Twenty will be based in London with 15 in Scotland and three in Bristol. 

The firm’s corporate team takes 10, with eight going to disputes, seven to real estate, another seven to energy, projects and construction and six to banking and international finance.

The result continues a mediocre run for CMS, which held on to less than 80 per cent of its qualifiers in five of the last six retention rounds – below average for the market.

CMS’s senior partner, Penelope Warne said: “We are very committed to our young top talent in the firm as one of our key strategic priorities. We always endeavour to offer as many NQ positions as possible. We are pleased to welcome our 38 new NQs who are spread across our wide range of practices and sector groups.”

CMS retention 2015
CMS trainee destinations

Meanwhile, all 11 second year trainees at DAC Beachcroft have been retained as NQs. Six will be based in London, three in Bristol and one each in Manchester and Leeds.