Clifford Chance becomes first magic circle firm to reveal autumn retention score — 77%
Canary Wharf-based giant keeps 36 out of 47 NQs
The London office of Clifford Chance has announced an autumn 2018 retention result of 77%.
From a qualifying cohort of 47, the magic circle player revealed 36 newly-qualified (NQ) lawyers will be staying on. Clifford Chance, which dishes out around 80 training contracts each year, received 44 applications and made 36 offers. The firm does not provide details of the departments or offices its rookies will qualify into.
Those sticking around at the firm will start on £87,300, however it’s worth noting that this figure includes what the firm describes as a “binary bonus”. Legal Cheek’s Firms Most List shows year one trainee salaries currently sit at £44,800, rising to £50,500 in year two.
Today’s result marks a slight drop on the firm’s spring 2018 performance. On that occasion, Clifford Chance posted a score of 92% (44 out of 48).
The firm was a solid performer in our Legal Cheek Trainee and Junior Lawyer Survey. Securing an A* for its office, training and perks, Clifford Chance racked up As for peer support, quality of work, tech, canteen and social life.
News of the firm’s autumn result comes just weeks after Clifford Chance unveiled a new tech-focused internship for some of its future trainees. Teaming up with London start-up Lexoo, Clifford Chance’s rookies will spend two months working across the online marketplace’s product, marketing, business development and operations teams.
For all the latest commercial awareness info, and advance notification of Legal Cheek's careers events:Sign up to the Legal Cheek Hub