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.
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.