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Baker McKenzie retains all 14 autumn qualifying trainees

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One associate-to-be is on a fixed term contract

The London office of global law firm Baker McKenzie has revealed its autumn retention score.

The 77-office-outfit today confirmed that all 14 trainees due to qualify this September will be taking up newly qualified (NQ) positions at the firm. One of those is on a fixed term contract, handing the outfit a score of 93% or 100%, depending on how you read its figures.

Three newbies will join the firm’s information technology & communications department, while M&A, finance, dispute resolution, intellectual property and tax will gain two soon-to-be associates each. The remaining rookie will be qualifying into EU, competition & trade.

Commenting on the news, Baker McKenzie training principal Arron Slocombe, said:

“We are pleased to announce that we will be retaining 100% of our trainees in September 2018. This is a reflection of Baker McKenzie’s commitment to retaining the best talent and demonstrates the growth of the firm. We are thrilled with the 100% acceptance rate from our trainees, who are embedded in the culture of our firm. Trainees accepted roles in both transactional and advisory departments.”

As can be seen on Legal Cheek’s Firms Most List, Baker McKenzie’s newest recruits will start on a recently improved salary of £77,000. This puts them on a pay par with their opposite numbers at Norton Rose Fulbright, and just below fellow City players Hogan Lovells (£78,000), Travers Smith (£78,500) and Linklaters (£78,500). Trainees currently earn £45,000 in year one, rising to £49,000 in year two.

The 2018 Firms Most List

The global megafirm — which offers up to 33 training contracts annually — is one of the City’s more consistent retention performers, having previously posted results of 82% (14 out of 17), 94% (15 out of 16) and 81% (13 out of 16) in the last three rounds.

Turning to Baker McKenzie’s performance in our Trainee and Junior Lawyer Survey, the firm secured A*s in two categories, quality of work and social life, and As in training, peer support, partner approachability and perks. The results from the new Legal Cheek Trainee and Junior Survey 2018–19 will be revealed next month.

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25 Comments

Anonymous

Is paralegal Tony there? He’s a lovely guy got a 2:2 and killed it.

(3)(1)

loljkm8

The retention rate is 100%, it isn’t “100% or 93% “depending on how you read” it. All of the qualifying trainees stayed on at the firm, that’s what “retention” means.

(16)(6)

Incognito

I think Legal Cheek reported it accurately: my understanding is that fixed-term contracts have been used historically to artificially inflate retention figures (and thus a firm’s health). There’s a difference between being given an opportunity at a career somewhere, and just being given 12 months for appearances’ sake before you’re ditched.

Happy to be corrected if other people disagree.

(19)(0)

Dr Frankenstein

At Baker M…it is not retention. It is detention!

(2)(4)

Anonymous

Sshhh, that maths is the only way LC can pretend they’ve done any work, other than just copying out how many were kept on.

(1)(0)

Anonymous

When will LC update their most lists for ALL firms in London. How am I supposed to apply to Vedder Price if I don’t have stats.

(4)(1)

Anonymous

I’m still waiting to know what’s the current NQ rate at Shook Hardy & Bacon LLP. Top firm, would love to work there.

(2)(1)

JD Partner

Shook Hardy & Bacon LLP sounds like a good description of my morning activities.

(13)(1)

Anonymous

Winning bantz, 10/10

(3)(0)

Anonymous

Hey guys – what are the fellas over at Ogletree, Deakins, Nash, Smoak & Stewart paying their NQs in London? Asking for a friend.

(4)(0)

Bandito

Vedder Price pays about GBP 80-85k at NQ level as I recall. Not US rates by any means.

(0)(0)

Anonymous

Anyone know the rates for Smallweed and Fumble?

(1)(1)

UCLA

Thinking of joining Ziffren, Brittenham, Branca, Fischer, Gilbert-Lurie, Stiffelman, Cook, Johnson, Lande & Wolf when I’ve finished this darn JD. Any news on their rates?

(0)(1)

Anonymous

What about McKenzie Brackman? Or Crane, Poole and Schmidt?

(0)(0)

Anonymous

I’m desperately looking for the newest NQ pay info on Stroock & Stroock & Lavan. Anybody know?

(1)(0)

Master Copperfield

Anyone got the latest NQ rates for Wickfield and Heep?

(2)(0)

Anonymous

Raised from September to match the Milberg Weiss Bershad & Schulman LLP scale.

(2)(0)

Anonymous

Average firm, average salary

(2)(7)

Anonymous

harsh. not elite, but above average

(2)(1)

Anonymous

Still pay better than DWF offering £48k to 7PQE’s in the regions.

(6)(0)

ANSWER

WHAT DOES QUINN PAY

(0)(0)

Anonymous

£127k NQ

(0)(0)

Anonymous

What about Rumpelstiltskin and Grimm?

(2)(0)

Anonymous

This joke has become low hanging fruit…snore

(3)(0)

Comments are closed.

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