Reed Smith is to retain 91 per cent of its spring 2015 qualifiers, keeping 12 out of 13 trainees in newly-qualified (NQ) positions.
The US firm, which merged with London mid-sizer Richards Butler in 2007, has long been known for the variety of niche seats in its training contract, and the destinations of the spring qualifiers reflects this.
The corporate, finance, real estate and shipping departments will each take two trainees each, while the remaining four trainees will take up positions in commercial disputes, employment, energy and media.
All the NQs will be based in London, although one will go on secondment to the firm’s Athens office for 12 months.
Reed Smith graduate recruitment manager Lucy Crittenden said: “We’re pleased to maintain a high trainee retention rate this spring. The quality of our trainees has been consistently high and the retention rate reflects both that and our philosophy of recruiting the best talent to retain on qualification.”
The result marks the third qualification round in a row that where retention has exceeded 90 per cent at Reed Smith.
Only six firms have reported their retention results so far this year, but so far the signs are promising, with no firm reporting less than 82 per cent retention. White & Case currently leads the field, having revealed that it is keeping all 13 of its qualifiers.
- Who’s done well and who’s lagging behind? Find out in our full spring 2015 retention round-up