Linklaters LLP has joined rival Freshfields Bruckhaus Deringer LLP as the latest magic circle law firm to raise newly qualified (NQ) solicitor pay to £150,000.
Baker McKenzie has posted a spring retention score of 17 out of 20, keeping the majority of its newly qualifying (NQ) trainees in London. The result equates to either 85% or 80%, depending on whether the one fixed-term contract among the retained cohort is included in the calculation.
London-based law firm Macfarlanes LLP is the latest firm to announce its trainee retention figures, with 24 out of 28 final-seat trainees set to stay on after qualifying next month. This represents an 86% retention rate for 2025 – a 5% increase from the 81% recorded in 2024.