Freshfields Bruckhaus Deringer has come forward as the latest magic circle firm to reveal its newly qualified (NQ) retention rate for September 2010.
The firm, which ranks number two in The Lawyer magazine’s UK200 report, has managed to achieve an 89 per cent retention rate after it offered jobs to 40 of its 45-strong cohort.
Graduate recruitment partner Simon Johnson said: “This represents our highest rate for a couple of years and reflects encouragingly high levels of demand across the practice groups.”
Meanwhile, Bird & Bird has revealed it will be giving jobs to 16 of the 19 second year trainee solicitors it currently has, giving it a retention rate of 84 per cent. This rate includes a London trainee who has been offered a position in its Stockholm office for at least six months.
Elsewhere, Slaughter and May has managed to keep hold of 57 of the 61 trainees due to qualify in September 2010, giving it a retention rate of 93 per cent.
Travers Smith, meanwhile, has managed to keep on 13 of 16 NQ solicitors, giving the firm a score of 81 per cent.