Norton Rose Fulbright racks up strong newly-qualified solicitor retention rate of 96%
All bar one spring qualifier will remain at the global giant
International outfit Norton Rose Fulbright has revealed a strong spring retention performance of 96%.
From a trainee cohort of 23, the global giant confirmed that it had made full-time offers to 22 trainees, with all duly accepting. Norton Rose Fulbright, with 50 offices across five continents, will pay its fresh-faced associates £70,000.
The corporate outfit has always been a consistent retention performer, regularly posting figures around the 80% mark. However the firm will no doubt be delighted with today’s 96% result, keeping all bar one of its soon to qualify trainees.
Earlier this week, northern megafirm Hill Dickinson revealed a perfect retention score of 100%, holding onto all six of its March qualifiers. This followed contrasting performances for City outfits King & Wood Mallesons (KWM) and Eversheds late last week. While international outfit KWM could only hold onto 70% of its young legal talent, mid-tier firm Eversheds also bagged a perfect spring retention score, keeping all eight of its lawyers due to qualify this month.
News also broke last week that international law firm Simmons & Simmons may have manipulated its latest retention figure. Trumpeting a result of 78% from a trainee cohort of nine, it has since emerged that the firm may have actually had 13 rookies. If true, this would leave the firm languishing at the bottom of this spring’s retention table with a figure of just 54%.