Pinsent Masons’ NQ retention rate drops to 70 per cent

Pinsent Masons’ newly qualified (NQ) retention rate for spring 2012 has shown a fall compared to last year’s results.

The top 20 law firm has announced a retention rate of 70 per cent, keeping 14 of its 20 trainee solicitors due to complete their training contracts in March.

The result shows a drop from previous qualification rounds. For March 2011 the firm kept 11 out of 14 of its trainee solicitors, giving it a 77 per cent retention rate (18 January 2011).

For September 2011 the firm retained 71 per cent of its trainees, keeping 32 out of 45 qualifiers (5 July 2011).

The news follows CMS Cameron McKenna and Nabarro revealing improved retention rates for spring 2012, announcing 81 per cent and 87 per cent respectively (20 December 2011).

Camerons kept 25 out of its 31 final seat trainees, while Nabarro held onto 13 out of its 15 qualifiers.