The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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 and Freshfields have announced their March retention rates.
Slaughter and May revealed a rate of 90 per cent, offering positions to 37 of its 43-strong cohort. Two trainees did not apply to stay on at the firm.
Of the 37 positions, 21 are in corporate and financing groups and 16 are in other specialist areas.
Meanwhile, Freshfields has kept on 85 per cent of its qualifying trainees. It offered 40 places to 46 trainees, with 39 accepting an offer. In autumn 2012, the firm retained 89 per cent of its trainees, 41 of a cohort of 46.
Slaughters executive partner Graham White said of the firm’s rate: “The firm has always set out to recruit the best students and we’ve formulated our trainee solicitor recruitment strategy on the premise that the majority of our trainees will remain with the firm on qualification.
“We’ve made a significant investment in their training and development and we’re pleased to have a high retention rate once again despite the challenging economic climate.”
Slaughters has historically boasted high retention rates. Last autumn, it revealed a rate of 87.5 per cent while last spring 90 per cent of trainees stayed on. Autumn 2011 saw it retain all of its trainees.
Earlier this week, Allen & Overy announced a 70 per cent retention rate (23 January 2012).