Jones Day is to keep on all 15 of its second-year trainees as newly qualified (NQ) lawyers this autumn, while Taylor Wessing has recorded 87 per cent retention.
Taylor Wessing had a cohort of 23 trainees, of which 20 will stay on in NQ roles.
They wil qualify into a very broad mix of departments. Two trainees apiece join: intellectual property; private client; corporate finance; disputes and investigations; private equity; and tax.
Then the corporate technology; real estate; finance; corporate, commercial projects; restructuring; financial services regulatory; and employment and pensions teams will all take one.
Graduate recruitment partner Kirstie McGuigan said: “They all have what it takes to forge successful careers in the legal industry and we look forward to seeing them thrive.”
Meanwhile, Jones Day firm’s trainee recruitment partner David Smith said: “We invest hugely in our trainee programme, and hope that one day these newly qualified lawyers will make partner, as many trainees have before them.”
Six of the NQs will join the corporate practice, two will go to global disputes and two to banking. The reamining five will join the real estate; tax; employment; projects and infrastructure; and FILR (financial institutions litigation and regulation) groups.
The retention results so far have been positive, with most firms announcing retention in excess of 80 per cent; however, the firms with the largest trainee groups have yet to reveal their results.