The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Orrick Herrington & Sutcliffe will not keep its sole qualifying trainee in spring 2014, it has emerged.
The firm confirmed its retention figure but did respond to requests for further comment.
The news continues Orrick’s poor recent run of retention. In autumn 2013 the US-headquartered firm announced it would not be retaining any of its five qualifiers. In autumn 2012, it retained five of 11 qualifiers, a retention rate of 45 per cent.
The firm does not normally have a spring intake but due to deferrals has had March qualifiers in each of the past two years. In spring 2013, it kept on two of three qualifying trainees in its corporate and litigation departments.
Last year, Orrick training principal Simon Cockshutt told Lawyer 2B that its low retention was due to ongoing challenging market conditions and added that the firm would be recruiting smaller numbers of trainees in future, with intakes of four or five per year anticipated.