80% of rookies commit their future to the firm
Transatlantic global practice Hogan Lovells has retained 24 of its 30 trainees due to qualify this autumn.
Receiving applications from all but one trainee, the City firm made 25 offers, of which 24 were duly accepted.
Hogan Lovells’ corporate department will receive more than half of the new recruits, gaining 13 new lawyers.
Elsewhere, the firm’s litigation, arbitration and employment team will receive five new associates. Finally, with finance acquiring three new lawyers, the City outfit’s competition, intellectual property and international teams will each gain one.
One fresh faced associate will be based at the firm’s Paris outpost, meanwhile the rest of the autumn cohort will operate out of Hogan Lovells’ London office. The new recruits will walk away with a cool salary of £71,500 each.
The Anglo-US outfit, which offers around 60 training contracts a year, has confirmed that none of the newly qualified (NQ) lawyers are on fixed term contracts.
Today’s news marks a drop on Hogan Lovells’ spring performance, when it retained 93% — or 27 out of 29 — of its qualifying trainees.