Herbert Smith Freehills continues impressive retention showing to keep 94% of its qualifying trainees

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By Thomas Connelly on

Elite firm retains 33 of its 35 spring 2016 qualifiers


The London office of international law firm Herbert Smith Freehills has continued its impressive trainee retention rate performance, posting a spring 2016 figure of 94%.

Revealing that 34 out of a qualifying trainee cohort of 35 had applied for associate positions, the London-based global elite outfit made 33 offers. All were accepted.

The news comes on the back of HSF’s upping of its junior lawyer pay last year.

Associate pay packets saw a 6% boost to £69,000, while trainees at the firm — which offers around 70 training contracts annually — were also chucked a little extra cash. Those in the first year of their TCs now walk away with £42,000 — up from £39,500 — while their second year counterparts take home £46,000.

This is HSF’s third successive retention rate in the nineties, with the firm — which has 23 offices in 18 different countries — most recently posting a 92% retention rate last autumn and 93% last spring.

Yesterday’s announcement continues a strong spring performance for City firms.

New York-headquartered outfit Weil Gotshal & Manges revealed a perfect retention result of 100% last week, keeping all 15 of its London trainees. Meanwhile, City firm Nabarro revealed a spring 2016 retention result of 89%, narrowly beating national outfit Trowers & Hamlins on 88%.

Magic circle player Slaughter and May kicked off this spring’s retention round with a strong 95% result.