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Macfarlanes reveals 100% spring retention score

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‘Silver circle’ outfit keeps all six rookies due to qualify next month

City outfit Macfarlanes has revealed a perfect spring retention score of 100%.

Macfarlanes — a single-office outfit which is part of a band of top firms known as the ‘silver circle’ — confirmed that all six of its rookies had put pen to paper on permanent deals. It has remained tightlipped about which departments its newbies will qualify into, though.

Commenting, Macfarlanes’ head of graduate recruitment, Sean Lavin, said the firm is “delighted” with its spring 2018 score. He added:

“We regard our trainees as the future talent of the firm and retaining them on qualifying is an important objective for us.”

Macfarlanes is traditionally a strong retention performer, regularly posting results of 90% or above. In the past 12 months or so, the firm has notched up rates of 92% (23 out of 25) and 100% (six out of six). It offers around 30 training contracts annually.

The 2018 Firms Most List

Legal Cheek’s Firms Most List shows that Macfarlanes’ newest recruits will see their salaries swell from second-year trainee pay of £49,000 to newly qualified (NQ) pay of £75,000 — an uplift of £26,000 or 53%. First-year trainees currently earn £44,000.

The firm was a solid performer in this year’s Legal Cheek Trainee and Junior Lawyer Survey. Securing an A* for its training, Macfarlanes racked up As for quality of work, peer support and social life.

Back with retention rates and Macfarlanes is one of a handful of firms to have so far revealed its spring score.

In December, Mayer Brown posted a 100% score, while Clifford Chance and Trowers & Hamlins confirmed solid results of 92% and 86% respectively. Later, Slaughter and May revealed a 95% score and Allen & Overy a result of 80%.

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12 Comments

BPTC Student

Not having a dig, but what are the point of these retention rate articles? In so far as, do those applying for TCs take retention rates into account when choosing who to apply to? The retention rate articles are often about MC/SC firms, wouldn’t most law students / LPC students be grateful for a TC with one of these firms whether their retention rate was 70% or 90%?
Thanks

(18)(0)

Anonymous

The rates are not as useful for applicants (who just want any TC offer) but for those lucky few who have several TC offers.

It’s also useful for trainees wondering about the likelihood of them qualifying into their firm or having to join another firm as an NQ, i.e. will they need to put out their CV to recruiters.

(5)(2)

Anonymous

MacfarLames

(4)(34)

Anonymous

Hey buddy, don’t let TC rejection get you down!

(44)(3)

Anonymous

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

(0)(0)

Sandra from Accounts

I was going to make it in to work but received a couple of inches more than expected last night so it would have been a bit difficult to wlak in.

(17)(0)

Anonymous

… and how much snow was there in your area?

(8)(0)

Anonymous

Sandra has a legitimate excuse. I should know.

(5)(0)

Fat in the Hat

Yet another tedious retention rate article. Here’s a suggestion; wait till every firm has announced its rates and then do one short piece. Or better still, don’t bother.

(8)(1)

Anonymous

Why did no one appreciate MacfarLames?!

(1)(6)

Anonymous

‘Cause Legal Cheek is now a high brow publication

(2)(0)

Anonymous

Wait until Brexit really bites the London-only Macs and then we will see about their revenue/retention rates lol

(6)(2)

Comments are closed.

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