Osborne Clarke has retained six out of its nine autumn 2015 qualiying trainees.
The result matches the firm’s autumn 2015 retention figure. The London and Bristol offices will take three newly qualified (NQ) solicitors apiece, with two joining the real estate team, two going to the financial institutions group, one taking up a role in commercial and one in commercial litigation. All six trainees are on permanent contracts.
OC’s training principal Catherine Wolfenden said: “Our people are our greatest asset; the training and development that we offer across the firm is something we are very proud of. We had a high calibre of trainees and are pleased to have retained six new employees, who I’m sure will provide an enormous contribution to our business.”
Osborne Clarke has also increased its trainee and NQ salaries. Bristol trainees will take home £33,000 in their first year and £36,000 in their second year, while those in London and Reading will earn £37,500, rising to £41,000.
Bristol NQs will be paid £47,000, Reading NQs £50,000 and London ones £62,500
Meanwhile in Exeter, Michelmores is to keep five of its seven qualifiers.
All five trainees are qualifying into the firm’s Exeter office. Four of the NQs join the business group while the fifth will take up a role in real estate. The firm had seven vacancies; of those departing, one trainee chose to relocate for personal reasons while is leaving to work in commercial litigation, a team where Michelmores had no vacancy.
HR director Colette Stevens said: “We are so pleased that we have been able to retain these very talented young lawyers. This year we had our first two partner promotions from former trainees and we are looking forward to seeing more of our trainees progress to become leaders in their field.”
Veale Wasborough Vizards has kept three of seven qualifiers on in its Bristol and London offices. They go into the charities, commercial and property litigation teams.