International outfit keeps eight of its ten NQs
International law firm Mayer Brown has announced a solid autumn 2018 retention score of 80%.
From a September-qualifying cohort of ten, the Bishopsgate-based outfit confirmed eight soon-to-be associates had accepted permanent positions at the firm. Mayer Brown’s newest recruits will be spread across several of the outfit’s key practice areas including: corporate and securities, banking and finance, antitrust and competition, and litigation and dispute resolution.
Will Glassey, training principal at Mayer Brown, said:
“Many congratulations to our newly qualified trainees. Our home-grown talent represents a big part of the future of the firm and we look forward to helping our new lawyers qualifying with us reach their full potential, as they continue their careers at Mayer Brown.”
The result marks a slight drop on the outfit’s spring 2017 score. On that occasion, the 26-office outfit chalked up a perfect 100%, albeit from a qualifying cohort of just four. In autumn 2017 it retained eight of its 11 qualifiers or 73%.
Legal Cheek’s Firms Most List shows that Mayer Brown’s new junior solicitors will start on a salary of £75,000. This puts them on a pay par with their opposite numbers at the likes of Hogan Lovells, DLA Piper, Baker McKenzie and Travers Smith. Mayer Brown’s trainees currently earn £43,000 in year one, rising to £48,000 in year two.
Mayer Brown, which offers around 15 training contracts each year, was a solid performer in our Trainee and Junior Lawyer Survey. It received an A* for training, as well as As for quality of work, peer support, perks and office.
Yesterday, IP experts Bristows confirmed all ten of its trainees had put pen to paper on permanent positions, handing the firm a 100% score. The firm offers around ten training contacts annually and pays its newly qualified (NQ) lawyers a salary of £63,000.