City firm hangs on to 12 of 15 freshly minted solicitors — and places one in house
Simmons & Simmons is the latest City law firm to win or break hearts with the announcement of how many qualifying solicitors it is keeping on — in this case 12 of 15, or 80%.
According to the firm, there were actually no broken hearts with this spring’s cohort; two of the three not staying with the firm decided to pursue other opportunities, while the third was placed with an in-house legal department.
The most recent round marketed a significant improvement for the firm. A year ago, it retained only 54% of newly qualified lawyers, rising to 71% last autumn.
A week ago, Pinsent Masons announced it had retained 79% of NQs this spring.