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.
Slaughter and May has revealed a 90 per cent newly qualified (NQ) retention rate for March 2012.
The top 10 firm has announced it is keeping 26 out of its 29 spring qualifying trainee solicitors.
This result is similar to previous qualification rounds, with the firm retaining 96 per cent of NQ lawyers in March 2011 and 100 per cent in September 2011.
Meanwhile, SNR Denton has posted a 60 per cent NQ retention rate for spring 2012, holding on to six out of 10 trainee solicitors after offering all 10 a position at the firm.
The retention rate is a slight boost from its summer 2011 qualification round where the firm revealed it was holding onto only 52 per cent of its trainees.
Trainee recruitment partner Jeremy Cape said: “We were pleased this year to offer places to all of our talented trainees who have demonstrated over the past few years that they will all become successful lawyers.
“As a result of the firm’s EMEA strategic review, we are focussing on building key practice areas including several teams in our banking and finance practice. As a result, not all places offered complemented the ambitions of qualifying trainees.”
All of the top 20 law firms have now revealed their spring 2012 retention rates, with Eversheds’ and SJ Berwin’s results sitting at the top end, keeping 100 per cent of their intakes (22 February 2012).
Simmons & Simmons had the lowest keeping only 25 per cent retention rate (17 February 2012).