Kian Ganz
DLA Piper sends NQs to Middle East as credit crunch bites
Trainee retention rates at a number of leading firms have plummeted as worsening economic conditions hit the employment market.
DLA Piper, Linklaters, Lovells and McGrigors have all seen significant decreases in trainee retention, with Bevan Brittan coming in second from bottom of the list after retaining just nine trainees out of 16 this year.
According to Linklaters, its retention figure was hit by the resignation of a number of its September 2008 qualifying intake. While its actual retention rate is 82 per cent, a spokesman said it would have been 94 per cent without the resignations.
“More trainees decided to seek opportunities elsewhere, including a number who are pursuing a career outside law,” the spokesman added.
DLA Piper, which has been hit by five redundancies in London, saw its retention rate drop by 14 points to 83 per cent.
With London hit by job losses, the firm has seen a record total of its qualifying trainees take up positions in overseas offices. Nine of its 77 qualifying lawyers – equivalent to 12 per cent – have been signed up as overseas associates (seven in the Middle East and one each in Moscow and Tokyo).
DLA Piper graduate recruitment executive Claire Evans told The Lawyer she had visited the Middle East with six trainees in May this year. Five of these will return to Dubai as assistants in September, despite never ;having worked there.
One ;further trainee, ;whose foreign seat was in Tokyo, will qualify in Dubai, while another trainee has opted for Dubai.
At Lovells 74 per cent of trainees will remain with the firm, down from 79 per cent last year, with just 51 per cent being offered their first choice of departments.
Lovells training principal John Trotter said: “We’ve got people leaving because there are too many for the jobs [in some first choice departments]. Also, there are always a few who want to work in a smaller firm or outside London. And some people might not have matched our expectations.”
He added that, while 32 out of 43 trainees accepted the jobs offered to them, the firm would not be recruiting externally for the remaining 11 positions.
Like Lovells, Simmons & Simmons could only offer first-choice departments to half its trainees, although it ultimately retained three-quarters of its intake.
Several purely UK-based firms also saw their figures decline, with Nabarro’s 100 per cent retention rate from last year dropping to 90 per cent. Scottish-headquartered McGrigors’ retention slid by 14 points to 59 per cent, while Bevan Brittan saw the worst performance of the larger firms with a retention rate of just 56 per cent.
A ;Bevan ;Brittan spokesman said: “The success rate for candidate progression varies from year to year and depends upon individuals demonstrating adaptability, energy, skills and the right attitude to deal with the challenging legal ;and ;commercial issues our work demands.”
Among the top performers were Ince & Co, which managed to retain all of its trainees for the second year running. Newcastle firm Ward Hadaway entered the 100 per cent club for the first time, while Ashurst, Burges Salmon, Dickinson Dees, ;Field ;Fisher Waterhouse, ;LG ;and Watson Farley & Williams each improved significantly on the previous year.
Readers' comments (6)
skeptic | 4-Aug-2008 12:28 pm
Linklaters 'resignations'?
Resignations - what the heck does that mean? who in their right mind would 'resign' in the middle of a downturn?!
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Anonymous | 4-Aug-2008 6:58 pm
another dig at BB *sigh*
Strange sense of news values that views the actions of the second from bottom firm as being of more interest than those of the firm at the bottom itself - and requiring a quote as well! another week, another dig. Oh well.
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Forster father | 4-Aug-2008 9:27 pm
hmm...
Forsters is basically a property boutique, isn't it? They must be needing hundreds of trainees right now to handle the boom in the property markets - ah, hold on. Forget it.
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Sarah | 5-Aug-2008 9:29 am
Trainee retention - another example of balanced reporting
I agree with the previous commentator... I used to value The Lawyer for its balanced reporting and inside track on topical issues within the legal community but over recent months its singular targeting of Bevan Brittan has first disappointed then angered me; particularly the personal nature of the attacks on individuals and the lack of accuracy or balance.
A lot of firms are adjusting to a changing market as a result of economic factors, many with more redundancies than BB but what attention does that warrant from The Lawyer - None.
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Anonymous | 5-Aug-2008 10:16 am
Where are the big boys?
Interesting that all these firms have chosen to be transparent and still get a kicking, yet the firms who haven't disclosed their stats don't warrant a mention. Where are the figures for CC, Freshfields, A&O, Slaughters, Herbert Smith, Norton Rose, Dentons....the list is almost endless.
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resignator during downturn | 7-Aug-2008 12:35 pm
resignation means redundant
further to skeptices comments, "resignation"- "redundant" - same but different.
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