Trowers & Hamlins’ 82% figure bodes well, but it’s early days yet
Medium-sized corporate outfit Trowers & Hamlins has become the first City firm to announce its trainee retention rate for 2015.
The firm, which offers 20 training contracts each year across its London, Manchester, Birmingham and Exeter offices, is keeping on 82% — or nine out of 11 — of its trainees who qualify this spring.
That’s a big increase on Trowers’ individual figure for autumn 2014, when it retained a mere 64% of its trainees — or seven out of 11. But it’s not quite as good as the firm’s spring figure last year, when it hung on to all of its qualifying rookies — or six out of six. Last spring the average retention rate across City firms was 86%.
The nine new qualifiers this spring will join the firm’s banking & finance, dispute resolution, energy and real estate teams. Seven of them will be based in London, with one each in Birmingham and Manchester.
Trowers & Hamlins firm profile [Legal Cheek]