Three regional firms have revealed high retention rates, with one posting a 100 per cent rate.
West Country firm Foot Anstey is keeping on five of six autumn 2015 qualifying trainees, giving it a retention rate of 83 per cent.
Two of the five newly qualified (NQ) lawyers will work in the firm’s Bristol office while the remaining three will be based in Exeter. Two are qualifying into the real estate department while the commercial, corporate and private wealth teams will take one NQ apiece. None of the five NQs are on short term contracts.
Meanwhile, Kent’s Cripps is retaining all eight of its trainees as NQs, in addition to two newly hired NQs who transferred from Thomson Snell & Passmore and Zyda Law to finish their training contracts with the firm.
The ten will work across a variety of departments with two NQs working in the development and family departments and one NQ each heading to the commercial, commercial disputes, private client, real estate and residential property teams.
In Leeds, Walker Morris retained 13 of 14 NQs, translating to a 93 per cent retention rate. The NQs will take up positions in all of the firm’s primary departments including corporate, finance, litigation, real estate and regulatory.
The results mean that with 18 firms having announced their retention so far, the total number of trainees kept on at their firms exceeds 90 per cent. However, the firms with the largest trainee intakes are yet to announce their results.
|Trainees retained||Total number of qualifiers||Percentage retained|
|White & Case||14||14||100|
|Shearman & Sterling||13||13||100|
|Sullivan & Cromwell||4||4||100|
|Covington & Burling||4||4||100|
|Latham & Watkins||20||21||95|
|Herbert Smith Freehills||34||37||92|
|Slaughter and May||33||37||89|
|Mills & Reeve||14||16||88|
|Trowers & Hamlins||5||7||71|