News

Herbert Smith Freehills and Charles Russell Speechlys post autumn trainee retention scores

By on
29

Results of 82% and 88%

Herbert Smith Freehills (HSF) and Charles Russell Speechlys have posted their 2018 autumn retention scores.

From a September qualifying cohort of 38, HSF confirmed 33 rookies applied for permanent roles and 31 received offers. All accepted, handing the 27-office-outfit a solid autumn rate of 82%. The firm, which offers around 60 training contracts annually, did not provide details of the departments its new recruits would be qualifying into.

Today’s result marks a slight drop on its spring score. On that occasion, HSF retained 34 of its 37 newly qualified lawyers (NQ) or 92%. The firm posted a result of 80% (28 out of 35) this time last year and 77% (27 out of 35) back in the spring of 2017.

HSF’s latest recruits will start on a recently improved salary of £85,000. Up from a previous rate of £82,000, Legal Cheek‘s Firms Most List shows that the new and improved pay band is based on average NQ earnings and can climb to as much as £93,000 with maximum bonuses. Trainees currently earn a salary of £44,000 in year one, rising to £48,000 in year two.

The 2018 Firms Most List

News of HSF’s retention score comes just months after it confirmed it was moving a large chunk of its operations to east London. The new digs, located on Canary Wharf’s Bank Street, will house almost 500 business and alternative legal services staff, who are currently mostly based in office space in Finsbury Square. HSF will retain its main London HQ, Exchange House, on Primrose Street.

Elsewhere, Charles Russell Speechlys has retained 23 of its 26 autumn NQs or 88%. The City player confirmed three trainees will join dispute resolution, three to real estate and three to tax, trusts and succession. Meanwhile, corporate, commercial, employment, immigration, property litigation and contentious trusts and estates will gain two newbies each. The final two NQs will start lawyer life in Charles Russell Speechlys’ family and financial services divisions.

James Carter, managing partner, said:

“We are delighted to welcome our 23 newly qualified solicitors to the Charles Russell Speechlys team. We are proud of the firm’s working culture, and this retention rate reflects the strength of our overall proposition to young lawyers across all of our UK offices.”

The outfit’s fresh-faced lawyers will start on a salary of £65,000. Trainees currently earn £40,000, rising to £42,000 in year two.

29 Comments

Snorlax

DGAF mate

(5)(1)

Anonymous

What’s the NQ pay at Charles Russell Bircham?

(0)(1)

Anonymous

Circa £7 a hour.

(2)(1)

Anonymous

£65k NQ last time I checked. Likely to be raised this month.

(1)(0)

Anon

What makes you suggest that?

(0)(0)

Anonymous

I can feel it in my waters. How do you think, idiot?

(0)(0)

Anon

I don’t know. I’m just curious. Have they not announced in increase in a while or?

(0)(0)

Anonymous

HSF’s starting, base salary for NQs is £78,000, not £85,000. What is the point of continuing to publish these fake/erroneous salaries?! Also no one would ever achieve the maximum salary + bonus as an NQ considering the hours requirement in addition to an ‘Outstanding’ rating in all review areas….

(27)(3)

HSF NQ

Wholly agreed. My pay packet is around £78k as an NQ, with a modest bonus on top everyone usually receives. No one I personally know at the office ever reached the £90k+ whack, and the ones that supposedly did are socially-void zombies living solely to please the sadistic partners. I’m actively looking to jump ship.

(16)(0)

Anonymous

How hard is to jump ship to a MC or US firm from HSF?

(0)(0)

W&C 2PQE

I’m completely drenched in sweat, the boilers make this room so hot.

(8)(0)

Anonymous

Very easy if you’re qualified into the right area: leveraged finance, funds, private equity, litigation.

(4)(1)

Anonymous

‘Very easy’ gives the impression MC/US are falling over themselves to recruit HSF people. The correct answer is: it depends.

(4)(1)

Anonymous

What do you mean how hard is it? It doesn’t depend on Herbert Smith, it depends on the individual (and to a certain extent, the market). If what you mean to ask is whether HSF is respected, then yes, it is. HSF isn’t going to hold you back, but nor will it necessarily give you an advantage over other credible candidates with relevant experience (except in litigation possibly, where HSF has a special reputation). Broadly speaking, the more junior you are, the easier it is to move firm, because firms hire more frequently at junior level. In mainstream practice areas at prestigious/high-paying firms, it is competitive. In more niche practice areas, there may be fewer candidates, but by the same token there are fewer openings. As always when applying for a job, interview performance is the decisive factor.

(5)(0)

Future Ashurst Trainee

Does the same apply to Ashurst?

(1)(2)

Anonymous

ROFL, nope.

(2)(2)

Anonymous

Whats so funny? Ashurst and HSF are both silver circle firms = similar calibers of firm?

(0)(15)

Anonymous

“Ashurst and HSF are both silver circle firms = similar calibers of firm?”

LOLOLOLOLOLOLOLOLOLOLOL nope.

Anonymouse

Yeah they are in some areas. For PE and Funds Ashurst are better and more people at US firms trained there than HSF

Anonymous

“For PE and Funds Ashurst are better and more people at US firms trained there than HSF”

Maybe true 10-20 years ago – even for PE and Funds Ashurst are a shadow of its former self. pretty sad to see a once great firm go to shit tbh

Anonymous

Haha. It is mildly amusing that you’re asking, since it suggests Ashurst has failed to convince even its future trainees that it’s a good firm.

But yes, the same applies. No reason why you wouldn’t get interviews.

(8)(0)

TRUTH SIREN

NEE-NOR NEE-NOR

(0)(0)

Anonymous

No idea how they’ve got away with claiming the salary was 93 or 85. It’s 78 and the majority will not get a bonus to push it above.
Anecdotally seem to be more sociopaths per department than other SC firms.

(4)(0)

Anonymous

HSF are notorious for utterly insane/psychopathic colleagues. Enter at your own risk.

(1)(0)

Gaz from Essex

Anyone know where to get extreme slim fit suits? I’ve checked TM lewin but they are all too baggy.

(36)(1)

Anonymous

It’s all in the details bruv.

(1)(0)

Anonymous

They have a super slim range and for a few extra £££ u can get them taken in at the sides a bit more I gone and done that with mine and they are pukka Or u can try topman but I think TM lewin r classier.

(3)(1)

Anonymous

try wrapping wads of cash around it to dampen the stench

(1)(0)

Estate Agent

Try Topman mate, they’re class

(5)(0)

Comments are closed.

Related Stories