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Hogan Lovells boosts autumn retention of newbies to 79%

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The Anglo-US firm has held on to 23 of 29 autumn qualifiers

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Transatlantic giant Hogan Lovells revealed last week that 23 of its 29 autumn 2015 qualifiers will remain at their London office.

Newly-qualified (NQ) roles were offered to 25 of the 26 trainees who applied — with 23 accepting — equating to a retention figure of 79%. The firm also revealed that one of the NQs would be operating on a short-term contract.

The latest band of HogLoves lawyers — who begin life on a recently improved pay packet of £70,000 — will be spread across several of the firm’s practice areas.

Corporate will receive 11 new lawyers, while litigation, arbitration and employment will receive six between them, four will head to finance and the remaining two are bound for the firm’s competition department.

The Holborn-based firm — which offers around 60 training contracts a year — has improved slightly on its spring 2015 retention figure of 72%.

The development follows a strong retention result from Los Angeles-based Latham & Watkins, keeping 95% of its London trainee cohort. Meanwhile, New Yorkers Shearman & Sterling lead the way, having posted a perfect 100%, with all 13 of the firm’s trainees accepting permanent roles.

Previously:

Weil keeps pace with US rivals, offering jobs to all nine qualifying lawyers [Legal Cheek]