Fieldfisher boosts NQ salary by £4,000 as it posts autumn retention figures

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
Burges Salmon 24 24 100
Jones Day 15 15 100
White & Case 14 14 100
Shearman & Sterling 13 13 100
Weil Gotshal 9 9 100
Cripps 8 8 100
Sullivan & Cromwell 4 4 100
Covington & Burling 7 7 100
Clifford Chance 45 47 96
Latham & Watkins 20 21 95
Walker Morris 13 14 93
Herbert Smith Freehills 34 37 92
Slaughter and May 33 37 89
Mills & Reeve 14 16 88
Taylor Wessing 20 23 87
Allen & Overy 38 44 86
Linklaters 46 55 84
Freshfields 40 48 83
Foot Anstey 5 6 83
Hogan Lovells 23 29 79
Fieldfisher 10 13 77
Nabarro 10 13 77
Berwin Leighton Paisner 17 24 71
Trowers & Hamlins 5 7 71
Ince & Co 9 15 60
Mayer Brown* 7 11 55

 

Fieldfisher NQ retention
Fieldfisher NQ destinations