Weil Gotshal & Manges and Collyer Bristow will both retain 100 per cent of their qualifying trainees this autumn.
All eleven of Weil’s final-seat trainees will be staying on at the US firm. Four are to take up newly-qualified (NQ) positions in the firm’s private funds practice. The banking; employment; real estate; corporate; tax; and business finance and restructuring teams will all take one NQ each. The final qualifier will begin their career in Weil’s New York office, in its private equity/M&A practice.
A twelfth trainee had previously qualified in March, into the corporate department.
The result marks an improvement on autumn 2013, when the firm retained four of its six qualifiers. Graduate recruitment partner Jonathan Wood said: ”We are delighted that each of our trainees have accepted their offers and will be joining Weil to embark on the next important phase of their careers. Our high retention rate is testament to the importance the London office places on our graduate recruitment scheme.”
Weil offers one of the City’s highest NQ salaries. At £95,500, it is only outstripped by a handful of its US rivals.
Elsewhere, Collyer Bristow has retained all five of its qualifiers. Three will join the Bedford Row firm’s dispute resolution practice, with the other two going into the real estate and company commercial departments.
Yesterday, Linklaters became the first of the magic circle to publish its retention results.