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Ashurst has revealed a drop in its retention rate to 70.3 per cent, with 19 of its 27 March-qualifying trainees staying on at the firm.
This is the lowest retention rate posted by the firm since spring 2010, when it posted a rate of 67 per cent.
Last summer it announced a retention rate of 83 per cent, keeping 24 out of 29 trainees.
Partner and trainee principal David Jones commented: “Retention rates obviously vary in accordance with business need, market conditions and the individual group although, of course, we do aim to keep on as many qualifiers as possible.”