Simmons & Simmons’ newly qualified retention rate has plummeted to just 59 per cent.
The top 20 law firm is keeping 10 out of 17 trainee solicitors, after making 12 offers to the 16 qualifying trainees that chose to engage in the process.
This represents a drop from last year’s retention rate for September 2010, which was 71 per cent, keeping 25 out of 35 trainees. It is also lower than spring 2011 when the firm announced an 80 per cent retention rate, holding on to 12 out of its 15 trainees.
Elsewhere, Irwin Mitchell has confirmed it is keeping 28 out of 33 trainees, giving it a retention rate of 85 per cent. This is a slight boost from September 2010, where the firm revealed 84 per cent retention, holding onto 16 out of 19 trainees.
DWF, meanwhile, has retained 100 per cent of its trainees, offering all 16 of its qualifying trainee solicitors NQ positions at the firm. This is a massive jump from last year’s figure of 89 per cent.
The news arrives following SNR Denton confirming its final NQ retention rate, after 12 out of 23 trainees accepted positions at the firm, giving it a dismal 52 per cent. This is a significant drop from its preliminary offer rate figure of 56 per cent (6 July 2011).