Meanwhile City outfit CMS Cameron McKenna finally reveals disappointing spring figure of just 62%
City law firm Fieldfisher has kicked off the 2016 Autumn retention season, revealing it will keep 100% of its trainees.
Despite only being in the month of June, the international outfit couldn’t resist trumpeting the news that all 12 trainees — who don’t qualify until September — have already committed to a future at the firm.
Fieldfisher, one of the smaller law firms based within the City, offers just 12 training contracts annually. Currently the firm has nine offices across the globe including a UK presence in both London and Manchester. However, this office count will rise to 13 as of tomorrow, when a merger with Italian outfit Studio Associato Servizi Professionali Integrati takes effect.
Upon qualification the latest cohort of newly-qualified lawyers (NQ) will walk away with £62,000.
According to Fieldfisher, the fresh-faced associates will be split across six key practice areas. Four lawyers are heading to intellectual property and three to outsourcing & privacy. Dispute resolution will receive two new lawyers, while public & regulatory, finance and tax will each receive one.
Edward Miller, Fieldfisher’s training principal, said:
Qualification is a huge milestone in the career of every lawyer and I’d like to congratulate all twelve on their qualification. We’re all delighted that they will be staying with the firm and look forward to seeing them progress.
Elsewhere in the City, chunky corporate outfit CMS Cameron McKenna (CMS) has finally got round to announcing its spring result.
Unveiling a disappointing 62% figure, the firm revealed that from 26 trainees who qualified earlier this year, CMS has made just 17 offers, with all but one accepting.
Senior partner Penelope Warne said:
We’re pleased to welcome our 16 NQs who’ve joined our corporate, energy, real estate, capital markets, insurance, TMC and pensions practices. Attracting and retaining young talent remains a key priority for the firm and we’re encouraged to see the quality of individuals coming through.
Last spring CMS posted the exact same 62% result. On this occasion 10 trainees — from a cohort of 26 — headed for the exit upon qualification.
