Mayer Brown confirms 100% spring retention score before Christmas
The global outfit’s four rookies don’t qualify till March
Mayer Brown has posted a perfect spring 2018 retention score and it’s not even Christmas yet.
Wasting no time in trumpeting the good news, the global law firm revealed that all four trainees due to qualify in March (yes, March!) had received offers and put pen to paper on newly qualified (NQ) deals.
The outfit’s litigation team will gain two new lawyers, while corporate and tax will receive a rookie each. Mayer Brown — which offers around 15 training contracts each year — confirmed to Legal Cheek that none of its new associates are on fixed-term contracts.
Commenting on the result, Will Glassey, Mayer Brown’s London training principal, said:
“Congratulations to our trainees on qualifying, which is testament to the hard work they have put in during their training. We are very happy that they are set to continue here in permanent roles, and we wish them all the best in their burgeoning careers at the firm. The retention rate this year underlines our commitment to investment in training, as well as our strong track record of nurturing home-grown talent.”
A 100% score is a marked improvement on Mayer Brown’s autumn rate. In June, the firm revealed it kept hold of eight of its 11 autumn NQs, equating to a score of 73%.
Provided it doesn’t announce any pay increases between now and March, Legal Cheek’s The Firms Most List shows that Mayer Brown’s new recruits will start lawyer life on a salary of £75,000. This puts the firm’s soon-to-be associates on a pay par with their counterparts at DLA Piper, Hogan Lovells, Macfarlanes, Norton Rose Fulbright and Travers Smith. Mayer Brown’s trainees currently earn £43,000 in year one, rising to £48,000 in year two.
The firm was a solid performer in this year’s Legal Cheek Trainee and Junior Lawyer Survey. Securing an A* for its training, the firm racked up As for quality of work, peer support, perks and its office.
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