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Eversheds’ newly qualified lawyer (NQ) retention rate has remained steady with the firm holding onto 87 per cent of its trainees due to complete their training contracts next month.
The firm has confirmed that it is retaining 33 out of its 38 September 2011 qualifiers. Though last September’s retention rate was slightly lower at 83 per Eversheds actually retained 72 NQs.
The size of the 2011 NQ cohort is significantly smaller because like many of its rival firms Eversheds offered 31 its September 2009 trainee solicitor intake £5,000 to defer entry or be employed as a paid paralegal for one year.The firm also cancelled its graduate recruitment programme that year but this was relaunched in 2010 (read more).