Nabarro has become the first law firm to announce its spring 2012 newly qualified (NQ) retention rate, keeping on 13 out of its 15 qualifiers.
That translates to a retention rate of 87 per cent. This represents a slight drop from the firm’s summer 2011 NQ retention rate, when the firm retained 95 per cent, with 19 out of 20 accepting positions at the firm (6 July 2011).
That said, the figure is an improvement on its spring 2011 retention rate, when the firm achieved 85 per cent after losing two or its 13 qualifying trainees (11 January 2011).
The news follows improved results from most firms for August and September 2011 qualifying trainees, with 65 per cent of The Lawyer UK 200 top 20 managing to post figures above 80 per cent.
Out of the top 10 law firms, Slaughter and May was the strongest performer for 2011 as the only firm to post 100 per cent retention, while Allen & Overy was the weakest with an autumn retention rate of just 72 per cent (5 July 2011).