Anglo-German magic circle giant makes 43 offers — and is snubbed by three new lawyers
Global City law firm Freshields Bruckhaus Deringer announced at the end of last week that 40 of a 48-strong trainee cohort will remain at the firm after they qualify as solicitors next month, equating to a retention rate of 83%.
The magic circle player revealed that it made offers to 43 of its trainee lawyers, with three daring to reject the elite outfit.
The 83% figure is a marginal drop on its spring performance, when the firm retained 85% of its trainee intake.
The new Freshfield lawyers shouldn’t expect a bumper pay packet post-qualification. Earlier this year the firm announced that NQ salaries would remain unchanged at £67,500 leaving junior lawyers at the firm languishing at the bottom of the magic circle pay table.
The Judge Rules: Anything less than a 100% qualifying lawyer retention is a law firm fail [Legal Cheek]