Retention rates cap good news week

Normally it’s bad news that sells. But just for a change we’ve decided – since it’s Friday and maybe just because we’re a generous bunch at heart – to talk about the good news in the legal industry

That’s right, things aren’t too bad in the UK at the moment. The Chancellor George Osborne has been enjoying the heatwave and is celebrating that the economy has moved, as he has put it, “out of intensive care”.

We are winning the Ashes at home, while the British and Irish Lions trounced the Aussies down under.

And, of course, the birth of Prince George has warmed the nation’s sentimental hearts and will provide hacks and bloggers with something to salivate over for decades to come.

The Lawyer has a few more to add. High retention rates across the City should give junior lawyers something to celebrate this weekend. If they manage to leave the office, that is.

Top of the charts is Herbert Smith Freehills, with an 88 per cent retention rate, closely followed by BLP at 86 per cent, which fulfilled its promise to trainees to do an Alan Partridge and “bounce back” after a woeful spring.

Clifford Chance scored 80 per cent this autumn, following its Scrooge-like Christmas present to future lawyers, while White & Case announced a very respectable 79 per cent but was just pipped to the post byFreshfields Bruckhaus Deringer’ 81 per cent.

Doesn’t that make you feel all warm and fuzzy just in time for the sunny weekend?

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