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Retention rate news: Pinsent Masons posts 74% score

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37

As Forsters reveals perfect 100% result

Global outfit Pinsent Masons will be welcoming 67 newly qualified (NQ) lawyers to its UK ranks this autumn.

Of the 91 soon-to-qualify trainees at the City of London-headquartered firm, 84 applied for associate positions. With 67 signing on the dotted line, Pinsents today posts a 74% retention rate score.

This is not far off the firm’s previous retention score, which was 80%. However it’s a big improvement on the season beforehand (spring 2016) when just 50% of lawyer rookies stayed on.

On today’s news, head of recruitment and graduate development Deborah McCormack said:

We pride ourselves on the inclusive and encouraging culture which gives our trainees the opportunity to thrive and I’m pleased to welcome them to the team.

The news comes just days after Legal Cheek revealed pay at the 22-office firm had been given a healthy boost. London associates will now begin lawyer life on £68,000 (up from £65,000), while Pinsent Masons regional NQ pay is up £2,000 to £42,000. Salaries in Scotland and in Belfast have also been boosted, by £1,000 to £39,000 and £28,000 respectively. Happy days all round.

In other retention rate revelations, private client and real estate outfit Forsters has posted a 100% score. The Mayfair firm has told Legal Cheek it’s retaining all eight of its trainees. On qualification, the new lawyers will earn a tidy £61,000.

Pinsents and Forsters today join the likes of magic circle big shot Allen & Overy and US stalwart Sullivan & Cromwell in the list of firms that have posted their retention scores this week. Allen & Overy’s is 85% (40 out of 47), while Sullivan & Cromwell’s is 100% (four out of four).

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37 Comments

Anonymous

I didn’t realise that you could do a TC at an Australian beer brand.

(5)(0)

Anonymous

Good call

(15)(0)

Anonymous

I prefer my TC with Tooheys.

(1)(0)

Latvka Da blitz

I want mine fully retained , balls deep big boy

(0)(0)

Anonymous

I’d retain you forever Katie King. Your LC posts always brighten my day. Bless your little cotton socks.

(1)(0)

I wear black suits, skinny black ties, brown loafers and white socks to assessment centres

They turned me down. I don’t know why.

(12)(0)

Sartorial Sam

What colour shirt?

(0)(0)

Anonymous

What about the undergarment?

(0)(0)

Anonymous

One of those sky blue ones with a white collar and cuffs. A Wolf of Wall Street M&S special.

(13)(0)

Patrick

Delightful, my favourite.

(9)(0)

Jordan Belfort

What’s wrong with a Gecko – looks alpha as f***

(2)(0)

Anonymous

The early 1990s called, they want their fashion back.

(7)(1)

Anonymous

The early 1990s called, they want this style of comeback back

(6)(3)

Anonymous

Except that it’s very much a comeback of the last 5 years, you retard?

(3)(4)

Another Anonymous

That style of comeback has been used since at least the 1990’s.

Anonymous

Ok geezer

Anonymous

betagimp

(1)(0)

Anonymous

It’s a predominately female firm. A massive part of their intake seems to be female.

(3)(3)

Anonymous

And yet it pays more than CMS at NQ level. 😂😂😂

(7)(0)

Anonymous

The worst thing about CMS is that they offer notoriously poor salary increased between NQ to 4PQ. Think £1000-£2000 per year. Other than those who don’t need the money and enjoy the social side, everyone good who qualifies at CMS leaves within 3-4 years.

(3)(1)

Anonymous

Just wait for those delicious CMS retention figures.

(2)(0)

Anonymous

Its gonna be below 50%, that firm is shit

(5)(0)

Pascal

I very much doubt many baps will be getting battered.

(0)(0)

Anonymous

At the CMS battery farm the chickens will soon come home to roost.

(2)(0)

Anonymous

It is so sexist.

The issue is that firms are pressured to have a certain percentage of partners who are female. Naturally, women go off and have kids and aren’t willing to put in consistent 12+ hour days for a decade to reach partnership. To have any chance of a decent female partnership percentage firms therefore have to play the numbers game. Heavily recruit women at trainee level and that can help redress the balance.

(4)(3)

Anonymous

nonsense

(2)(1)

Anonymous

Explain, you vile cretin

(0)(2)

Number One Banger

Totally, and I love it. I am a male trainee who got in. So many chicks, some of them VERY loose. Top bangs all around. Fish in a barrel.

(6)(0)

Jones Day wannabe trainee

Where do I sign up???

(1)(0)

Anon

You nearly got through an article without referencing money. Nearly. Maybe next time.

(0)(0)

Anonymous

What do you earn Katie King (from LC, excluding extra income on the side/etc)?

A) £0 to £20,000
B) £20,001 to £30,000
C) £30,001 to £40,000
D) £40,001+

(1)(2)

Anonymous

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

(1)(0)

I would pay it though

Naughty!

(0)(0)

Jones Day wannabe trainee

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

(0)(0)

Anonymous

who cares about retention rates?

(0)(0)

Anonymous

When will Charles Russell Speechlys raise salaries? Anybody know?

(1)(0)

Latvka Da blitz

LC analysis shows females overwhelmingly like to anally retain it.
Like no one ever knew that before.

Such children.

(0)(0)

Comments are closed.