King & Wood Mallesons (KWM) has revealed that it will retain just two-thirds of its spring 2015 qualifying trainee cohort.
Of the 18 trainees who qualified this season, 15 applied for newly-qualified (NQ) roles at the firm. KWM retained 12 of those, giving it a 66.6 per cent retention rate.
The NQs have joined practice areas including corporate, employment, finance, financial markets, investment funds, IP, litigation and real estate.
KWM graduate recruitment partner Ylan Steiner said: “We’re pleased to be able to provide trainees with the opportunity to forge long term careers with King & Wood Mallesons and we are encouraged by the wide spectrum of practices into which trainees are qualifying.”
This is the latest in a run of mediocre retention rates for the firm, which has not kept on more than 80 per cent of its qualifiers since spring 2012.
Some 24 firms have now reported their retention figures, with a total of 463 out of 553 qualifiers (83.7 per cent) staying on at the firm that trained them.
- Who’s done well and who’s lagging behind? Find out in our full spring 2015 retention round-up