Slaughters reveals first 2016 retention figures of 95 per cent

Slaughter and May has revealed a retention rate of 95 per cent for its March 2016 qualifiers, becoming the first firm to announce its results for this year.

Of the 40 trainees that are eligible to qualify in March, 38 have accepted the qualification offers made by the firm.

At this time last year, Slaughters recorded its lowest retention rate since spring 2010 announcing it would retain 81 per cent of its spring 2015 qualifying trainees.

However, the firm has steadily upped its retention rate, keeping 89 per cent of its qualifying trainees last autumn.

Trainee recruitment partner Robert Byk said the firm was pleased to have “continued recruiting trainees in similar numbers since the financial crisis as well as retaining qualified lawyers in large numbers”.

Slaughters retention spring 2016