TLT Solicitors has managed to claw back its previous 100 per cent newly qualified (NQ) solicitor retention rate record following a drop in its March figure.
The Bristol-based firm is taking on all five trainees due to qualify this month (September) bringing its retention rate up to the 100 per cent level it achieved in September 2009.
TLT’s HR director Graham De Guise said: “Some law firms have struggled to maintain high levels of trainee retention in recent years so I’m pleased that we’ve once again offered roles to all of our qualifying trainees.”
Earlier this year however TLT fell short of the 100 per cent retention rate it achieved in September 2009 and only kept on five out of six trainees who qualified in March 2010, giving it an 83 per cent rate.
The five NQs will join the firm’s regulatory, corporate recovery and insolvency, professional negligence and commercial teams, which are based across the firm’s Bristol and new London office.
Meanwhile, fellow Brisol-based firm Burges Salmon has also achieved a 100 per cent retention rate. It has offered jobs to all 22 of its NQ trainees.
The new recruits will join the firm’s agricultural/ property disputes, banking, commercial, employment, environment, family, litigation, pensions, planning, private client and wealth structuring teams.
But firms that have achieved a retention rate in excess of 90 per cent include Baker & McKenzie (95 per cent); Slaughter and May (93 per cent) and Shearman & Sterling (92 per cent).