Magic circle firms announce NQ retention rates of 89 per cent

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  • I wonder how many of these retained would leave within a year or two after qualifying, having received the coveted headhunting agency phone call. The treatment of a low-ranking lawyer at any MC firm is do demeaning that I don't know whether money would be a lasting incentive to retain many of the newly qualified trainees.

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  • To Current MC trainee - If you find it "demeaning", suggest you find another job to do where, with very little practical experience, an apprentice can expect to earn £38-61k!

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  • Current MC trainee - personally I tell the headhunters I have no plans on leaving anytime soon as has every other NQ in my department who has had the inevitable (not coveted, recruitment consultants start hounding you the second they can find your details) calls. How daft to extrapolate from your own opinions to what amounts to around 400 NQs in the magic circle every year particularly when you haven't even qualified yet.

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