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Linklaters rounds off magic circle autumn retention season with 73% score

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Global titan keeps 43 out of 59 qualifying trainees

Linklaters has become the fifth and final magic circle law firm to reveal its autumn retention score.

From a qualifying cohort of 59, the global giant today confirmed 43 soon-to-be-associates will be staying put. This hands Linklaters — the largest training contract provider in the City, with 110 positions annually — an autumn result of 73%.

Commenting on the score, Richard Hodgson, graduate recruitment partner at Linklaters, said:

“We are pleased to once again retain a good number of quality lawyers from our September intake. I look forward to seeing their careers progress as they pursue exciting opportunities within a best in class and globally minded firm.”

Indeed, the Silk Street outfit is a strong retention performer, especially given the size of its trainee intake. In the past three rounds it has chalked up results of 84% (43 out of 51), 84% (47 out of 56) and 86% (44 out of 51).

The 2018 Firms Most List

So what can fresh-faced associates expect to receive in terms of remuneration? Well, Legal Cheek‘s Firms Most List shows newly qualified (NQ) lawyers at Linklaters’ London headquarters will start lawyer life on anywhere up to £90,000 (base salary and performance bonus combined). Trainees earn £44,000 in their first year, rising to £49,000-£50,000 in their second.

In our Trainee and Junior Lawyer Survey 2018–19, the firm scored A*s in training, peer support, perks and canteen (the same canteen that features in our Legal Cheek Awards video), as well as As for quality of work, tech, office and social life. The City outfit scooped a gong for its perks in our awards ceremony earlier this year.

Linklaters is the final magic circle law firm to reveal its autumn 2018 retention result. How does today’s 73% result stack up against its rivals?

Clifford Chance was the first of the elite fivesome to reveal an autumn score of 77%, confirming 36 of its 47 NQs were staying put. Meanwhile, Slaughter and May announced a result of 86%, keeping 32 of its 37 qualifying trainees, and Allen & Overy posted a rate of 80% (37 out of 46). Finally, Freshfields confirmed 34 out of 41 rookies had put pen to paper on permanent deals, handing the Anglo-German giant a score of 83%.

Autumn 2018 retention scores — magic circle round-up:

Firm Score Breakdown
Slaughter and May 86% 32/37
Freshfields 83% 34/41
Allen & Overy 80% 37/46
Clifford Chance 77% 36/47
Linklaters 73% 43/59

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34 Comments

Anonymous

EXODUS.

(16)(0)

Anonymous

LET MY PEOPLE GO

(9)(0)

Anonymous

Coolest of beans-like things, brother.

(2)(1)

Anton

It’s not good!

(1)(1)

Anonymous

I wonder how many will stay for longer that 3-5 years lol.

(5)(0)

Anonymous

Not very many, what’s your point? Same at every firm

(6)(1)

Pat Bateman

Anyone know what the Dorsia NQ rate is?

(18)(1)

Anonymous

LLL

(2)(1)

Anonymous

Hey Mike.

(1)(1)

Anonymous

you mean Dorsey? if so you need to spell it right before applying ….

(2)(5)

Anonymous

LLL

(0)(1)

Anonymous

Too late to the party so missed the origin of this continuing lol

(1)(1)

Anonymous

Do they have the figures for how many were offered positions vs how many took them?

(8)(0)

LL Trainee

Most people resigned to do other things. They wanted more NQs in most departments. Ultimately most MC trainees do tedious pointless work for long hours and the NQ pay isn’t great compared to other firms so it’s not surprising there’s retention problems.

(11)(0)

McTrainee

It’s true.

When I’ve finished my McTraining I will have a McJob and get paid in McNuggets!

(2)(1)

Anonymous

Well, that’s pretty poor. Recruitment is crap though so not surprised. And I bet a good few of those 43 are gutted to be staying on that salary,

(5)(6)

Anonymous

I imagine most of those not staying are making a beeline straight to a top whack US firm where they’ll get a proper dolla reward for the brutal sweaty hours they put in.

Links have lost the plot if they think people will stay on for £81.5k NQ when an equally useless gimp at Akin or Kirkland gets £147k for the same hours.

(20)(1)

Anonymous

Nah they’ve just been chinned off

(0)(2)

Anonymous

Best in class lol

(8)(0)

Queen Gertrude

The Managing Partner doth protest too much, methinks…

(5)(0)

Anonymous

Squire Patton Boggs need to increase the pathetic trainee and NQ pay NOW!

(4)(3)

Mike

Spot on.

(2)(0)

LL ASSOCIATE

No NQ earns 90k

(8)(0)

Anonymous

You could earn £90,000 as a NQ at Macfarlanes these days. £80k base plus firmwide bonus, usually 5% but was more this year, plus your usual performance bonus (which would only need to be around 7.5% to hit £90k.

(3)(0)

Hi LC, Favour please

Hi Legal Cheek, could you kindly find out exactly what the S&M acts were that were committed in R v Brown and detail them on an article?

I can’t find out what the exact acts are anywhere and it will probably make a very popular article for you too.

Thanks

(10)(1)

Anonymous

Do your own homework buddy.

(1)(5)

JD Partner

This post has been removed because it breached Legal Cheek’s comments policy.

(1)(0)

Anonymous

Linklaters take quite a few more trainees than the rest of the MC, not surprising they can’t keep them all. The question is, why take so many more than everyone else… ?

(7)(1)

Anonymous

Poor result – sad!

(5)(0)

LL Associate

This post has been removed because it breached Legal Cheek’s comments policy.

(2)(3)

Future Linklaters trainee

Should I be worried?

(4)(2)

Anonymous

Yes, it is fucking horrendous here. Prepare to work harder than you thought was possible, doing the most mundane tasks surrounded by associates who are burnt out and miserable.

We work US hours, no doubt, and the pay just doesn’t compete. If you want the MC name on your CV, avoid coming here or FF, people are close to breaking point.

(5)(2)

Anonymous

lol the hours really aren’t that bad

(4)(2)

Anonymous

DWF still paying the big dollars????

(5)(1)

Comments are closed.

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