Hogan Lovells posts 79% spring retention rate
Transatlantic giant’s corporate group will take the lion’s share of NQs
Hogan Lovells has retained 23 of its 29 trainees due to qualify this spring.
The firm, which offers around 60 training contacts annually, has confirmed that from a qualifying cohort of 29, 26 trainees applied for full-time associate positions. With Hogan Lovells making 23 offers, all which were quickly snapped up, this equates to a solid spring retention score of 79%.
The transatlantic giant has confirmed that nine newly-qualified lawyers will join its corporate group, seven will be heading to the litigation, arbitration and employment team, six to its finance team, and one to the outfit’s government regulatory practice. According to Legal Cheek’s Most List, the NQs will trouser £71,500 a year.
Today’s retention news marks a slight drop on Hogan Lovells’ autumn 2016 performance, when it retained 80% — or 24 out of 30 — of its qualifying trainees.
Hogan Lovells is now the seventh firm to reveals its spring 2017 result. Kicking off the new retention season back in December, elite magic circle firm Slaughter and May unveiled a perfect 100% score, with all 25 trainees opting to stick around post-qualification.
Retention results quickly followed from White & Case (88%), Trowers & Hamlins (93%) and Mayer Brown (100%).
Last week, unable to match its magic circle counterpart, Clifford Chance revealed a disappointing retention result. From a training cohort of 46, 43 newbies applied for full-time positions. The firm — which takes around 80 City-based trainees annually — confirmed it made 33 offers, with 31 accepting, equating to a spring score of just 67%.
And on Tuesday Berwin Leighton Paisner (BLP) confirmed an equally disheartening result. Retaining 11 of its 20 young lawyers, this gives the international firm a retention outcome of 55%.
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