Trainee retention rates released by firms
updated on 18 September 2013
A raft of UK top 50 firms have revealed their trainee retention rates for 2013.
Clyde & Co and Eversheds are the latest to confirm their retention rates. Clyde & Co stated that 36 out of 37 (95%) of its newly qualified (NQ) solicitors will be staying with the firm, while Legal Week reports that Eversheds has retained 40 of its 45-strong intake (84%).
Elsewhere, Simmons & Simmons has kept on 17 out of 24 (71%) of its NQs, a much lower rate than last Autumn’s 89%. Weil Gotshal & Manges retained four of its six qualifying trainees (67%), while 28 out of 34 (82%) of CMS Cameron McKenna's trainees will be staying with the firm. Weightmans retained 14 of its 15 NQs (93%), and Hill Dickinson kept on 15 out of 21 (71%) of its intake.
The overall trend is that retention rates have either remained static or decreased from last year's figures.
