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Jones Day finally confirms autumn trainee retention rate of 76%

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As Shoosmiths and DAC Beachcroft reveal respective 57% and 77% scores

The London office of US law firm Jones Day has finally confirmed its 2017 autumn retention figure. It’s 76%.

Of the 21 final seat trainees who qualified last month, 16 have opted to stay on as newly qualified (NQ) associates. The Ohio-headquartered outfit, which offers around 20 UK training contacts annually in the UK, confirmed that it made 18 offers, with two rookies declining.

Legal Cheek’s Firms Most List 2017-18 shows that Jones Day’s NQs will start on a impressive £100,000. This puts them £5,000 better off than their opposite numbers at fellow US player Dechert, and just £1,500 behind those finding their associate feet at the London office of New York stalwart Sullivan & Cromwell. Trainees at Jones Day currently earn £47,000, rising to £54,000 in year two.

The firm — which has a number of lawyers currently serving in President Donald Trump’s White House administration — scored well in our Trainee and Junior Lawyer Survey 2017-18. It bagged an A* for perks and a host of As for, among other things, training, quality of work and social life.

Meanwhile, national player Shoosmiths has posted a disappointing 57% result. The firm — which offers roughly 22 training positions each year — has retained just 12 of its 21 autumn NQs.

A spokesperson revealed to Legal Cheek that the firm actually had space for 23 new associates but was unable to match NQs with their preferred departments or offices. Shoosmiths trainees earn £26,000 in year one, rising to £27,000 in year two. Upon qualification, a newbie associate will earn a salary of £40,000.

Shoosmiths did OK in our Trainee and Junior Lawyer Survey 2017-18. It scored As for training, quality of work, peer support and work/life balance, but got a B for partner approachability and C for social life.

Elsewhere, international outfit DAC Beachcroft confirmed it had retained ten of its 13 autumn NQs. Giving it a respectable score of 77%, the firm confirmed that four trainees would be based in London, three in Bristol, two in Leeds and one in Manchester. The new recruits will be spread across a number of the firm’s key practice areas including corporate, clinical risk and real estate.

DAC Beachcroft — which chalked up As for partner approachability, quality of work and work/life balance in our recent survey, with Bs for training and peer support — offers around 13 training contracts each year. Salaries for NQs in the regions range from £37,000 to £40,000 depending on location, while those in London start lawyer life on £60,000.

Trainee autumn retention 2017

Firm Score Breakdown
Burges Salmon 100% 28/28
Watson Farley & Williams 100% 15/15
Fieldfisher 100% 13/13
Blake Morgan 100% 9/9
Cleary Gottlieb Steen & Hamilton 100% 9/9
Forsters 100% 8/8
Sullivan & Cromwell 100% 4/4
Latham & Watkins 95% 21/22
Ashurst 95% 19/20
Baker McKenzie 94% 15/16
Macfarlanes 92% 23/25 (two on FTC*)
Slaughter and May 91% 29/32
Travers Smith 90% 18/20
Ince & Co 90% 9/10
Stephenson Harwood 90% 9/10
Blake Morgan 89% 8/9
Reed Smith 86% 12/14
Allen & Overy 85% 40/47
Linklaters 84% 47/56
Gowling WLG 84% 21/25
Bird & Bird 83% 15/18
White & Case 83% 15/18
Covington & Burling 83% 5/6
Osborne Clarke 82% 14/17
RPC 82% 14/17
Clifford Chance 81% 42/52
Addleshaw Goddard 81% 38/47
Bond Dickinson 81% 22/27
Eversheds Sutherland 80% 44/55
Herbert Smith Freehills 80% 28/35
Hogan Lovells 80% 24/30
HFW 80% 8/10
Clyde & Co 79% 34/43 (one on FTC)
Mills & Reeve 79% 15/19 (one on FTC)
DLA Piper 78% 75/96
Simmons & Simmons 78% 21/27
DAC Beachcroft 77% 10/13
Jones Day 76% 16/21
Shearman & Sterling 75% 12/16
Pinsent Masons 74% 67/91
Mayer Brown 73% 8/11
Withers 73% 8/11
Charles Russell Speechlys 71% 17/24
Trowers & Hamlins 70% 7/10
Berwin Leighton Paisner 67% 16/24
Browne Jacobson 67% 6/9
DWF 66% 33/50
Freshfields 66% 27/41
Squire Patton Boggs 65% Not disclosed
Dentons 64% 18/28
Mishcon de Reya 64% 9/14
Norton Rose Fulbright 62% 16/26 (two on FTC)
Taylor Wessing 62% 16/26
Shoosmiths 57% 12/21
Kirkland & Ellis 56% 5/9
Weil Gotshal 50% 5/10
Stewarts Law 25% 1/4

*Fixed term contract

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19 Comments

Jones Day Partner

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

Top Bantz

ROFL!

Anonymous

Menawhile

Anonymous

Those figures for Jones Day are incorrect.

Of the 21 trainees:

– two did not apply for NQ positions;
– one was unsuccessful in their NQ application; and
– three received NQ offers but chose to continue their careers elsewhere.

I think that also lowers the % retained from that noted above.

Anonymous

Imagine being called a “kid” (as stated on your twitter page) after qualifying as a solicitor! Lol bloody cheek

Anonymous

Some are 24. They are kids

Anonymous

Pitt the younger was PM at 24

Anonymous

Rupert Myers.

Jeez you are lazy.

Anonymous

This website is 90% retention rates. 9% things you only know if you’re from this place or that. and 1% clickbait.

Jones Day Managing Partner

Party in my office tonight! Trainees, bring the whipped cream.

Anonymous

Where do NQ’s who turn down offers from
Jones Day go? Are they that many higher paying roles around? Just putting it out there

Anonymous

Couldn’t handle the heat. Steamy offices.

Anonymous

They go to Dechert. Better quality of work.

Dechert Insider

Not sure where you got that one from – but OK.

Anonymous

Kirkland, Ropes & Gray and Osborne Clarke.

Anonymous

OC? Which office?

Anonymous

Bristol

Ex shoosmiths Trainee

Shoosmiths retention rates are misleading. Only 11 trainees were retained so actually just under 57% plus only 15 or so jobs were offered, most of which were in areas that no trainees had done seats in such as wealth protection etc which are not core areas that trainees work in. Absolute joke and no one told us why there were so few jobs. And now they’re scamming the stats too.
Don’t train at Shoosmiths!! Thr process was a joke.

Anonymous

Appreciate you putting this out there, nice to cut through HR BS and see the reality on the ground

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