One associate-to-be is on a fixed term contract
International law firm Taylor Wessing has revealed its autumn retention score.
Of the 23 trainees due to qualify later this year, 21 will be taking up newly qualified (NQ) positions at the firm. With one associate-to-be on a fixed term contract, this hands the 32-office-outfit a score of 87% or 91%, depending on how you read its figures. Taylor Wessing confirmed 21 rookies received offers.
The firm’s new lawyers will be spread across a number of its key practice areas including, banking & finance, corporate technology, private client and real estate.
Legal Cheek’s Firms Most List shows that Taylor Wessing’s newest recruits will see their pay jump from a second-year trainee salary of £44,000 to an NQ one of £71,000. First-year trainees currently earn a salary of £40,000.
Today’s result is a vast improvement on Taylor Wessing’s 2017 result. On that occasion, the top-rated technology practice posted a disappointing score of just 62% (16 out of 26). The firm, which offers up to 24 training contracts annually, reported scores of 77% (17 out of 22) in 2016 and 87% (20 out of 23) in 2015.
Taylor Wessing performed well in our Trainee and Junior Lawyer Survey, scoring A*s for its quality of work, tech, canteen, social life and office. The firm also received A ratings for its training, peer support, partner approachability, work/life balance and perks. It went on to scoop the gong for ‘Best Social Life’ at our awards ceremony earlier this year.
A host of firms have now revealed their autumn 2018 retention scores.
Mayer Brown confirmed a result of 80% (eight out of 10), while magic circle duo Clifford Chance and Slaughter and May posted results of 77% (36 out of 47) and 86% (32 out of 37) respectively. Travers Smith confirmed a perfect score of 100% (21 out of 21), Shearman & Sterling recorded a rate of 85% (11 out of 13) and Burges Salmon chalked up an impressive 96% (26 out of 27).