Nabarro has announced an 83 per cent retention rate for autumn 2013, giving 15 of its cohort of 18 trainees newly-qualified (NQ) jobs with the firm.
The top 50 firm will be employing 11 NQs in London and four in Sheffield. All trainees who were offered jobs accepted their positions. The figure is a significant increase on last September’s figure of 69 per cent, when Nabarro kept on nine of 13. In spring 2013 the firm took on seven of nine qualifiers, translating to a retention rate of 78 per cent.
Jane Drew, head of graduate recruitment at Nabarro said: “We are pleased that all 15 of our offers have been accepted this year and our retention rate has improved after a blip last year. We put a lot of work into the selection process for our trainees and it is always rewarding to welcome such high quality new lawyers to the firm.”
The City firm decreased the number of training contracts it offers at the end of last year (19 December 2012). It had ten fewer positions available for its July 2013 training contract application deadline, compared to 35 places for the July 2012 deadline.
A member of the graduate recruitment team told Lawyer 2B at the time: “It’s really just following the market. All firms are either keeping training contract numbers the same or lowering them. It’s just following market conditions.” They stressed that there would be no change to the trainee experience.
DLA Piper also revealed its retention rate today. The firm said that it would be keeping 56 of 77 qualifying trainees on in NQ positions, equating to 73 per cent of its intake. Last autumn, it retained 75 of 86 trainees, giving a rate of 83 per cent.