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Mills & Reeve reveals strong autumn retention figure of 88%

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The 14 new lawyers will be spread across the firm’s Cambridge, Norwich and Birmingham offices

Mills

National firm Mills & Reeve announced yesterday it will be keeping 14 of its newly qualified (NQ) lawyers.

Of the 16 who qualified at the firm, 14 were made offers, all of whom accepted, equating to a retention figure of 88% — an improvement on last autumn’s 84%.

Mills & Reeve will be sending seven of its NQs to its headquarters in Cambridge. Four will work out of the firm’s Norwich office, while the remaining three will be based further west in Birmingham.

The 14 who have opted to stay at the firm — where the NQ salary is £37,000 — will be spread across several of the firm’s practice areas. Four will be heading to corporate, real estate will take on three new lawyers, family and commercial disputes will get two a piece, while the remaining three will be split across the firm’s construction, education and IP litigation departments.

Yesterday’s announcement follows a flood of strong retention figures posted by US firms based in the City.

In the past month White & Case, Shearman & Sterling, Sullivan & Cromwell and Weil Gotshal & Manges have posted 100% retention figures.