Slaughter and May has revealed that it will retain 81 per cent of its spring 2015 qualifying trainees, keeping on 34 of 42 trainees.
Of the 42 trainees, 40 applied for newly-qualified (NQ) positions while the remaining two chose to pursue other interests. Slaughters made offers to 37 of the 40 trainees, 34 of whom accepted.
The rate is Slaughters’ lowest since at least spring 2010 (the earliest year for which Lawyer 2B has data) when it kept on 88 per cent of its qualifiers. The firm typically posts very high retention rates of between 85 per cent and 100 per cent.
Other top tier firms to announce their rates this season include magic circle outfits Allen & Overy, Clifford Chance and Freshfields Bruckhaus Deringer. The firms announced that they would retain 93 per cent (43 of 46), 91 per cent (41 of 45) and 85 per cent (41 of 48) respectively.
Meanwhile, two other firms with smaller spring intakes have finalised their retention. Addleshaw Goddard is keeping on two of its four qualifiers, while Mayer Brown is keeping three of five on in NQ roles. The three Mayer Brown qualifers will work in the firm’s commercial dispute resolution, construction and employment teams.
- Who’s done well and who’s lagging behind? Find out in our full spring 2015 retention round-up