Reed Smith has posted a 58 per cent retention figure for its spring 2016 qualifying trainees.
The firm is keeping on seven of 12 in newly-qualified (NQ) positions. The firm said that it had the capacity to accommodate all the qualifiers but that a number chose to move for personal reasons.
Training principal Samantha Roberts said: “We have always enjoyed strong retention rates at Reed Smith. This year, we were able to offer jobs to everyone but of the twelve trainees that are due to qualify, seven will remain with us and we are delighted to have them on board. Trainees make an important life decision when they choose what to do after they qualify. Those individuals not continuing this year have taken the step to pursue a new career direction or lifestyle choice and we wish them all the best.”
In the 10 retention rounds since autumn 2011, Reed Smith has held on to 113 of a total 141 qualifiers, or 80 per cent.
Of the seven who remain this time round, three will join the firm’s Financial Industry Group, with one more going to the energy and natural resources team, one to corporate and one to commercial disputes. The final qualifier has joined the Responsible Business Team as an associate where she is now pro bono manager for the EMEA region.
Meanwhile, Weil Gotshal has retained all three of its qualifiers.