Fieldfisher has increased its NQ salary and released its retention results for autumn 2015.
The mid-sized outfit will now pay newly-qualified solicitors £62,000, up from £58,000.
Ten of the firm’s 13 qualifiers (77 per cent) will stay on at the firm to take advantage of the new salary. Three trainees will take up NQ roles in Fieldfisher’s technology, outsourcing and privacy practice. Two will join the corporate team and another two will go to the competition/EU group. The real estate; commercial IP; and IP/IT litigation teams will take the final three trainees.
In 2014, the firm kept on all 11 of its qualifiers. Fieldfisher training principal Edward Miller said: “I would like to congratulate our newly qualified solicitors, as they have all worked very hard and are excellent lawyers. This year we had more NQ positions than trainees reaching qualification. However, with one NQ taking a year out and, for the other NQs not staying with us, the positions unfortunately not being in their preferred practice areas, our retention rate looks lower this year.”
Fieldfisher’s result matches that of Nabarro, which also kept on 10 of 13 qualifiers this autumn.
Autumn 2015 retention so far
|Trainees retained||Total number of qualifiers||Percentage retained|
|White & Case||14||14||100|
|Shearman & Sterling||13||13||100|
|Sullivan & Cromwell||4||4||100|
|Covington & Burling||7||7||100|
|Latham & Watkins||20||21||95|
|Herbert Smith Freehills||34||37||92|
|Slaughter and May||33||37||89|
|Mills & Reeve||14||16||88|
|Allen & Overy||38||44||86|
|Berwin Leighton Paisner||17||24||71|
|Trowers & Hamlins||5||7||71|
|Ince & Co||9||15||60|