King & Wood Mallesons has retained 14 out of its 20 qualifying trainees in newly qualified (NQ) roles this spring.
Four are joining the firm’s corporate team, three go to the funds practice and another three to real estate. The litigation department will take two NQs, while the planning and financial regulation teams are gaining one apiece. All the NQs will be based in London.
At Eversheds, all eight spring qualifiers have been kept on. The firm’s London office has taken on two NQs, in its Financial Services Disputes and Investigations and commercial teams. The Birmingham office has also taken two NQs, in corporate and restructuring, while Cambridge will take two as well, in its commercial team and its HR practice group.
Eversheds’ final two qualifiers join the real estate team in Cardiff and international arbitration in Paris.
Recent history shows that if you want to be kept on at Eversheds, it’s a good idea to start your training contract in the spring. The firm has kept on 100 per cent of its last five spring intakes.
Meanwhile, Simmons & Simmons has been caught manipulating its retention figures. The blog RollonFriday said that it actually had 13 trainees reaching qualification this spring, rather than the nine the firm reported. Of those, seven stayed on, giving Simmons a final retention figure of 54 per cent.
The results mean that 352 of 415 qualifying trainees (85 per cent) have been retained across 20 firms this spring.