Global giant retains 81% of its London trainees
The London office of corporate mega-firm Norton Rose Fulbright has become the latest outfit to post a trainee retention rate in excess of 80%.
London Bridge-based Norton Rose Fulbright’s 81% spring result — which sees the firm keep 21 of its 26 qualifiers — sits between the 77% retention rate it scored in autumn 2014 and the 92% it reached in spring 2014.
The rookies will now move on to a £65,000 newly qualified associate salary.
The news comes on the back of decent results from other global firms. Herbert Smith Freehills, Freshfields, Slaughter and May, Clifford Chance, Linklaters, Allen & Overy and Linklaters all scored spring retention rates of between 85% and 93%.
The only real surprise of a generally positive retention rate season so far has been the bizarre behaviour of Berwin Leighton Paisner, which last week was forced to admit that its retention rate was only 61% after having initially claimed to be keeping 70% of new-qualifiers.
Norton Rose Fulbright training principal Michael Black emphasised that all the trainees who had received offers from the firm had accepted them, commenting:
“We are pleased to confirm that 21 of our 26 qualifiers will be joining the practice and are delighted to have achieved a 100% acceptance rate.”
Norton Rose Fulbright firm profile [Legal Cheek]