Linklaters first of the magic circle to post NQ retention for autumn 2014

Linklaters has revealed that it will retain 93 per cent of its final-seat trainees in newly-qualified (NQ) positions this autumn, becoming the first magic circle firm to announce retention figures this year.

The firm has announced that 53 of its 57 trainees will be taking a position as a newly qualified solicitor with the firm in September 2014. The firm made 54 offers in total, of which all but one accepted.

The 93 per cent retention rate is one of Linklaters’ better results: typically, retention at the firm hovers around the 85 per cent mark, which is still above average for the profession as a whole.

The rate is an increase on figures from earlier this year, which saw Linklaters retain 86 per cent of its spring qualifiers. It it also an improvement on last autumn’s result of 87 per cent. The last time Linklaters kept on more than 90 per cent of its qualifiers was in Autumn 2011, when it also kept on 93 per cent of 57 qualifiers.

Slaughter and May traditionally posts the strongest results of the magic circle: over the past nine retention rounds, it has kept on 91 per cent of its trainees.

So far, Taylor Wessing is the only large firm apart from Linklaters to announce its autumn 2014 retention. It will keep 91 per cent of its qualifiers.

Linklaters retention autumn 2014

Linklaters’ retention rates

Autumn 2014: 53 of 57 (93 per cent)

Spring 2014: 50 of 58 (86 per cent)

Autumn 2013: 47 of 54 (87 per cent)

Spring 2013: 49 of 59 (83 per cent)

Autumn 2012: 51 of 65 (78 per cent)

Spring 2012: 49 of 57 (86 per cent)

Autumn 2011: 53 of 57 (93 per cent)

Spring 2011: 49 of 60 (82 per cent)

Autumn 2010: 60 of 69 (87 per cent)

Spring 2010: 49 of 67 (73 per cent)

Autumn 2009: 50 of 66 (76 per cent)

Spring 2009: 59 of 75 (79 per cent)