Herbert Smith Freehills has published its March retention rate, and will keep on 93 per cent of its trainees in newly-qualified (NQ) roles.
The class size was 30, which is the firm’s smallest since before the financial crisis of 2008, and 28 were offered NQ jobs, with all accepting. All but one of the trainees will remain in London; the final one will move to the firm’s Tokyo office.
Training principal David Rosen said: “We are very excited that one of our London trainees in this round is qualifying into our Digital Law Group, which demonstrates the diverse opportunities available to our trainee solicitors. This is in line with our firm’s strategy – highlighting our commitment to focus on digital transformation in our business and service delivery. We are keen to provide international opportunities for our lawyers to develop their career and we are delighted to offer one of the trainees a role in our Tokyo office in this round. The high retention rate shows our continued commitment to investing in our people and attracting the highest calibre of future lawyers.”
In addition, Ropers and Gray will keep both of its March qualifiers. The duo are on permanent contracts and join the firm’s antitrust and leveraged finance teams.
|Spring 2021 retention so far||Trainees retained (permanent)||Trainees retained (fixed term contract)||Trainees left||Total number of qualifiers||Percentage retained|
|Ropes & Gray||2||0||0||2||100.0|
|Trowers & Hamlins||10||1||0||11||100.0|
|Herbert Smith Freehills||28||0||2||30||93.3|
|Allen & Overy||34||0||3||37||91.9|