Taylor Wessing has revealed that will retain 91 per cent of its trainees in newly-qualified positions this autumn.
The firm has announced that it will offer 20 jobs to the cohort of 22 when their training contracts expire in September 2014. The rate marks a significant increase from its 70 per cent rate last year where it kept only 16 trainees out of the 20 trainees who applied (6 August 2013), while in 2012, it kept on 86 per cent of its 22-person intake (14 September 2012).
The trainees will qualify into a range on departments, including three in the firm’s real estate practice. Another three will join the intellectual property team, two will qualify into disputes and investigations; two into private equity and two into private client.
One trainee will qualify into the each of the following departments: construction; corporate finance; corporate technology; finance; IT, telecoms and competition and tax and incentives practices.
Graduate recruitment partner Kirstie McGuigan commented: “Having seen this group of trainees develop over the past two years it’s fantastic to see such a high number staying on with the firm.
“With the quality of the training they’ve received since joining, we know that each of them has what it takes to build a long and successful career at Taylor Wessing, and we’re confident that they’ll all be excellent associates and valuable members of their practices.”
Taylor Wessing is one of the first firms to announce its retention rate this season. The previous three firms to announce so far have kept on 100 per cent of their trainees, with US firm Cleary Gottlieb Steen & Hamilton keeping all nine of its qualifiers and Paul Hastings retaining both of its two. Michelmores has also recorded 100 per cent retention, keeping all six of its qualifiers (2 July 2014).
Taylor Wessing recent retention rates
Autumn 2014: 20 out of 22 (91 per cent)
Autumn 2013: 16 out of 20 (70 per cent)
Autumn 2012: 19 out of 22 (86 per cent)
Autumn 2011: 14 out of 19 (74 per cent)
Autumn 2010: 19 out of 24 (79 per cent)