White & Case will retain 79 per cent of its qualifying trainees this autumn.
The US-headquartered firm’s London outpost offered newly-qualified (NQ) positions to 11 of its 14 second-year trainees, and all accepted. Last autumn, it retained 13 of 16, or 81 per cent, and in spring 2013 it kept on 12 of 14, or 86 per cent.
The firm has had a run of very high retention rates in recent years. In spring 2012, autumn 2011 and autumn 2010, it kept on 94 per cent of its qualifying trainees, while in spring 2011 it retained 92 per cent in NQ positions.
White & Case partner and new training principal Justin Benson said in a statement: “Our aim is to attract young lawyers of the highest calibre and support their continued development to fulfil their career potential.
“There is a growing demand for English law expertise and the training programme enables us to strengthen our English law capabilities across our global network. We are pleased that all the trainees to whom we offered places have accepted.”
White & Case revealed a four per cent increase in global revenue and a 15 per cent hike in average profit per equity partner for the 2012 financial year while staff headcount remained flat (11 February 2013).
According to the firm, its financial performance in London matched its global increase although it did not provide individual office data.
London executive partner Oliver Brettle said: “We’ve kept headcount flat while growing revenues and in a law firm, where so much of costs is your people, that feeds very quickly through to the bottom line.”