The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Eversheds and Irwin Mitchell have both revealed drops in newly qualified solicitor (NQ) retention for September 2012.
With a retention rate of 84 per cent, Eversheds is keeping 64 out of 76 qualifiers, a slight drop on its September 2011 qualifying round when the firm posted an 87 per cent retention rate keeping 33 out of 38 of its trainees.
In March 2012, the firm hit 100 per cent retention, holding onto all seven of its trainees.
Angus Macgregor, HR Director at Eversheds, said: “We congratulate our newly qualified lawyers who have shown both technical and commercial excellence. Our training contract is designed to extend the experience and skill sets of junior lawyers across multiple sectors and jurisdictions preparing them for the modern legal world.”
Meanwhile, Irwin Mitchell has kept 30 of its 40 September qualifiers, thereby achieving a 75 per cent retention.
That is a decline on its September 2011 rate when the firm kept 28 out of 33 trainees, giving it a retention rate of 85 per cent.