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Cleary Gottlieb, K&L Gates and Covington & Burling reveal autumn retention results

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Strong London figures from US trio

Lead12

The London offices of three prominent US firms have unveiled their autumn 2016 retention results, and they’re all pretty good.

New York-headquartered giant Cleary Gottlieb has confirmed an impressive retention rate of 100%, holding on to all nine trainees due to qualify next month.

It’s perhaps not surprising: the firm — which offers 14 London-based training contracts annually — pays its newly qualified (NQ) lawyers an eye-watering £96,000 a year.

Also boasting a perfect retention rate of 100% is Covington & Burling, a US firm with offices on The Strand, London.

Seven out of seven trainees have committed their future to the multi-specialist firm. Two of these seven will end up in the dispute resolution team and two the corporate team. The remaining NQs will join the firm’s employment, life sciences and tech/media teams.

Down the road near St Pauls, K&L Gates will be welcoming six new lawyers to its ranks. Though the US-headquartered firm won’t be boasting a 100% retention score like Cleary and Covington, six out of seven (86%) isn’t bad, and is 8% higher than its last retention rate of 78%.

K&L Gates’ NQs will be taking home a cool £68,000 a year, £24,000 higher than the firm’s second year trainee salary.

18 Comments

Anonymous

Who cares?

(4)(0)

Tricky

I do. I put the ‘lieb’ in Gottlieb.

That’s one for you Latvian speakers out there.

(4)(1)

Anonymous

Just fucking die

(0)(3)

Tricky

Hey, with good cause

(1)(0)

Asshat

Looks like you forgot to mention how much Covingtons may LC, tsk tsk.

It’s a cool £88k if anyone’s interested.

Can I have a job at LC now? Pretty please.

(6)(0)

Anonymous

You even managed to include an authentic typo.. The job is yours!

(8)(0)

Top kek

LOL!

(0)(0)

Anonymous

85k, actually

(0)(0)

Anonymous

This post has been removed because it breached Legal Cheek’s comments policy.

(0)(0)

Trainee Slave

None of these US firms are worth working at despite the good money – I discovered that the hard way.

(2)(2)

Curious George

What firms pray tell are worth working at?

(4)(0)

The Flying Danish

Any firm that isn’t MC/US Money Law….

(1)(0)

Jones Day Associate

But I need the dollar for my powder habits!

(1)(0)

Anonymous

k&L?

(1)(0)

Anonymous

K&L pay shyte dollar bro, can’t be them.

My bet’s on Cleary, they’re known to be a sweatshop.

(0)(0)

Insider

This post has been removed because it breached Legal Cheek’s comments policy.

(1)(0)

Anon

MoneyLaw didn’t even get a mention.

(0)(0)

Limpettock

I hear they walk straight into an associate role at Irwin Mitchell, those who have had enough of MoneyLaw.

Good job, they won’t be earning much there.

(1)(0)

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