Freshfields Bruckhaus Deringer has released its retention rate for its spring 2015 qualifiers, keeping 85 per cent of trainees on in newly-qualified (NQ) positions.
The magic circle firm offered NQ roles to 44 of its 48-strong qualifying cohort, of whom 41 accepted the offer, meaning that the firm is retaining greater numbers of NQs than it has done for the past three years.
Freshfields typically reports retention rates somewhere between 80 and 90 per cent. Its best result of recent times came in autumn 2011, when it retained 96 per cent of its qualifiers, its worst last spring when it kept on 80 per cent
The rest of the magic circle have yet to release their retention figures but Slaughter and May is typically the strongest performer, posting the best retention in nine of the past ten qualification rounds. The rear is usually brought up by either Allen & Overy and Clifford Chance, which between them have recorded the worst retention in nine of the past ten rounds (see below).
- Who’s done well and who’s lagging behind? Find out in our full spring 2015 retention round-up