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82% of spring qualifiers to stay on at Allen & Overy

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Third magic circle firm to reveal its retention rate

Allen & Overy has announced 82% of its spring qualifiers will be staying on at the firm.

The third magic circle outfit to put its spring retention stake in the ground, Allen & Overy has revealed that 31 of its 38-strong intake have committed their future to the firm.

Thirty-six trainees applied for full-time associate positions at the firm, and from these 32 offers were made. This equates to an offer rate of 89%. Thirty-one offers were accepted, equalling a final 2017 spring retention figure of 82%. The firm does not announce in which departments these fresh-faced associates will end up.

Today’s result nestles Allen & Overy comfortably in the middle of its magic circle rivals. Slaughter and May posted a perfect 100% spring retention score late last year, while Clifford Chance has kept just 67% of its newly-qualified lawyers (NQs).

The firm’s 82% score is broadly in line with other retention rates its enjoyed in previous years. Last autumn, the commercial heavyweight retained 86% of its NQs. In the spring before that, it kept on a magical 91%.

Commenting on today’s result, James Partridge, partner and training principal at Allen & Overy, said:

This is a good result and we’re pleased that we continue to retain the excellent talent that we attract. We’re fortunate to have such a strong pipeline of talented lawyers coming through and we’re looking forward to seeing their careers continue to develop.

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7 Comments

Anonymous

For a firm reportedly recruiting 90 trainees a year, 36 in one intake seems low – unless their Autumn intake was/is much higher.

(3)(2)

Anonymous

Autumn intake higher

(8)(0)

Anonymous

These firms never recruit the full quota advertised. slaughter and may allegedly have 70 tcs but I do not know of any recent intakes with 35 people in them.

(1)(0)

Anonymous

Funny thing about all these retention stories is how they mean absolutely nothing. A bunch of these guys are on 6 month-1 year contracts.

The MC have an attrition rate of c.20-25% every year. You don’t hear about that. And no, it’s not musical chairs, it’s the “up or out” model from Cravath. It’s a pyramid.

(4)(2)

Anonymous

Do spill more.

(0)(0)

Truth Seeker

This retention figure is total rubbish, how they get away with bare faced lying is beyond common sense.

(0)(3)

A&O NQ

Why is this figure rubbish?

(3)(0)

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