Law firm recruitment and retention
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Undeniably an interesting indicator of what trainees at a firm have experienced, but not the be-all-and-end-all. Consider the following:
- Firms with only a few trainees will see a big percentage dent in their retention rate if just one trainee doesn’t end up qualifying as an NQ (eg, four trainees, three jobs = 75% retention).
- The business cycle means that with recruitment happening as much as four years before NQ jobs are allocated, numbers have to be a guess to some extent. The situation at any firm could change for the better or for the worse.
- Trainees not qualifying does not necessarily mean there are no jobs. Some trainees discover that the departments they want to qualify into do not have jobs, while those they don’t aspire to do. C’est la vie!
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