Trowers keeps 7 out of 10 qualifying trainees as Withers unveils 73% autumn result

Dip in retention form for City duo

Trowers & Hamlins’ office (left) Withers’ office (right)

International outfit Trowers & Hamlins and private client specialist Withers have revealed mediocre 70%-ish autumn retention scores.

Trowers, which offers around 23 training contracts annually, has kept hold of seven out of ten of its trainees due to qualify this September, giving the firm a retention result of 70%.

The outfit confirmed that the newbie lawyers will take up positions within its commercial property, corporate commercial, projects and construction, and real estate departments. Four will be based in London, two in Exeter and one in Manchester. Legal Cheek’s Most List shows that those starting lawyer life in the City will pocket a salary of £62,000, while those in the regions will take home £40,000.

Anna Clark, partner and training principal at Trowers & Hamlins, said:

We would like to congratulate our outstanding trainees on becoming qualified solicitors. Their effort and hard work has been much appreciated, and we are delighted to offer them permanent roles to grow and prosper in their legal careers here at Trowers.

Meanwhile, Withers — the go-to law firm for the rich and famous due to its expertise in wealth planning and privacy — has notched up a retention score of 73%. The outfit confirmed that eight of its 11 trainees due to qualify this September had accepted permanent associate positions. Withers’ new crop of legal talent will trouser a salary of £60,000.

The latest figures mark a slight dip in retention performance for both firms. Earlier this year Trowers posted a 92% spring result, keeping 11 of its 12 second year trainees. Meanwhile, Withers — which, unlike most City firms has just one intake each year — posted an autumn 2016 score of 83%.

It’s been a busy few days for retention news. Earlier this week, Fieldfisher (100%), Slaughter and May (91%), Ashurst (95%) and Shearman and Sterling (87%) all posted impressive results.

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34 Comments

US NQ

“Withers’ new crop of legal talent will trouser a salary of £60,000.”

Hmm, that’s almost as much as I get net of tax, NI and my student loans. Tee hee.

(2)(2)
US Mid Level

It would seem that whatever your earnings relative to others in the profession, you lack the class, manners and discretion that I am sure a number of your peers at firms such as Withers have.

(1)(0)
Anonymous

It is great how open and transparent firms are about pay.

Out of interest, I wonder if Legal Cheek could let us know how much Alex, Katie and Tom get paid?

(12)(0)
Jim

I would guess that Alex has taken the plunge and just purchased a relatively small one bedroom flat in Colliers Wood for £325,000. His parents paid most of the deposit. He used to rent in Angel and he is already sick of the lack of quality shops in his new neighbourhood. He is seriously contemplating letting it out and going back to his house share in Angel.

Tom rents near Clapham Common. He lives in quite a swanky pub with his rugby mates from university and pays £950/month for the privilege. He will never be able to afford a house.

Katie lives with her parents in Surrey in a £1.8 million house. It has a pool but poor Katie finds the water too cold. Katie would like to move in with friends, but due to her habit of purchasing expensive handbags she simply cannot afford it. She will never be able to afford a house.

(31)(0)
Jim

I reckon Alex takes home most of the pie, perhaps £80,000. He tries to compensate for his excessive salary by buying Krispy Kremes for the office. Unfortunately all Tom can taste is resentment for how little he earns compared to Alex, and Katie is trying to watch her weight so she can look the part in Marbella next month (oh and I am sure she will).

Tom possibly earns more than Katie, which might frustrate her a little. £33,000 for Tom and £32,000 for Katie. Katie aspires to earn more than Tom. She has a secret plan to start working for Uber Eats in her spare time. It’ll never happen, that would involve risking missing Love Island. Katie also aspires to be on that show but, despite looking very beautiful, she is not the kind of girl who gets on that show.

(17)(0)
Anonymous

Why not, he owns the website and it gets a fair bit of traffic.

(3)(0)
Diverziti & Inkluzion

Agreed. The man must be buttering all the baps.

(1)(0)
Anonymous

I hope that Katie does not leave due to the pay situation. It would be a real shame to see her go. I think Alex should dig a little deeper into his pockets, she is worth at least £40k surely?

(3)(0)
Anonymous

Maybe we could crowd source to save Katie. I think she would have to agree up front not to spend the money on hand bags.

(2)(1)
Anonymous

“trouser a salary of £60,000”

No, they won’t, as presumably that doesn’t include tax, NI, pension etc.

(0)(0)
Partner

Is that all you earn? Pittance. I am sure that I easily spend £60,000 just on wine over the course of a year.

(0)(0)
US Firm Partner

A year? Pauper. I spent that last night at dinner. On one glass.

(0)(0)
Trainee with a rich daddy

You are a partner at a US firm, why are you drinking the cheap stuff? I personally wouldn’t poison my palette with a glass off wine that costs under 6 figures. Get some class.

(3)(0)
Anonymous

Most mid-market / some magic’s circle firms pay this or up to 70

(1)(0)
Anonymous

You clearly know nothing. Pretty much every firm in the city pay at least 75 these days.

(0)(1)
Anonymous

All of those are between 75 and 80 these days. Salaries have jumped up the past year.

(1)(0)
Anonymous

Not quite. CMS actually varies between 70 and 85 depending on the team you qualify into.

(0)(4)
Anonymous

That is the official HR spiel. I know various NQs at CMS on much more.

(0)(3)
Anonymous

Heh, yeah right. Lemme guess, you work for CMS/legacy Nabawang and you’re extremely chippy.

(3)(0)
Anonymous

I used to be a lawyer but I packed it all in to open a restaurant.

I know how much people get paid because lots of people confide in me.

(4)(2)
Anonymous

Those figures are old. I think Shed is about 77 now, and DLA 79.

(0)(0)
Anonymous

Why do need to lie mate?

Do you seriously think the Shed or DLA would be quiet about throwing out almost 20% raises (in Shed’s case, from 64k)?

(4)(1)
Anonymous

What planet are you from?

Those salaries you are quoting seem like the kind of figures you might have expected back in 2016 or possibly 2017. Both firms pay much more now.

(4)(1)
Anonymous

Just Google “DLA NQ pay”, you’ll see it went from 70 in 2016 to 72 in 2017, 75 in 2018 and now its 79. Not exactly freakishly high increases.

Firms have generally been doing well (bar the Clifford Chance collapse lol), so no reason why junior lawyers shouldn’t be remunerated accordingly.

(0)(1)
Anonymous

I did just like you said, there’s nothing online mate. Quit lying.

(0)(0)
Anonymous

“There is nothing online mate”

What is that even supposed to mean? You couldn’t find anything? Or you found a dated article or information?

Quit calling me a liar and posting nonsensical rubbish.

(2)(0)
Anonymous

“75 in 2018 and now its 79.” Really peculiar trolling here, given that we’ve just started the 2017/2018 financial year.

The truth is that places like the Shed, DLA, CMS, Simmons all pay absolute dog shit.

(4)(1)

Comments are closed.