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Pinsent Masons retains 57 out of 72 qualifying trainees

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A score of 79%

Global law firm Pinsent Masons has posted its latest retention score. Of the 72 trainees due to qualify this September, 57 have put pen to paper on permanent deals and will be taking up newly qualified (NQ) associate roles — or 79%.

Deborah McCormack, head of early talent, said: “At Pinsent Masons our newly qualified trainees will be empowered to think innovatively and champion change to ensure our business is operating at its best for both our clients and our people. I’m pleased to welcome them into an environment where they’ll have the opportunity to thrive.”

Legal Cheek‘s Firms Most List shows Pinsents’ newest recruits will start on a recently improved salary of £72,500, while their counterparts in the regions and Scotland will earn £44,000 and £43,500 respectively. The firm’s London trainees earn £41,000 in year one, rising to £44,000 in year two.

The 2019 Legal Cheek Firms Most List

Last week Pinsents confirmed a 2.5% uplift in gross profit to £192 million but a 5% downturn in profit per equity partner (PEP) from £653,000 to £620,000. Global turnover hit £482 million for the year ending 30 April, which equates to a rise of 7%.

“The past year has been one of unprecedented change and complexity for our clients,” managing partner John Cleland said. “We’re continuing the transformation of our business from an expertise-based law firm into a modern, international professional services business with law at its core.”

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37 Comments

Anonymantle

I recently met someone who had moved from Pinsent at NQ’ish level.

The feedback I receive about the firm was overall positive (good quality of work, reasonable hours, and now also a decent pay upgrade).

It would be nice to hear from people with experience training/working at the firm!

(16)(2)

Anonymous

It doesn’t know what it is and doesn’t know what it wants to be.

Plenty of good lawyers in its niche areas (Construction, Projects etc) but it needs to decide whether it wants to be Eversheds/DLA or a cheaper NRF. Currently it’s neither.

(8)(1)

Anonymous

A cheaper CMS

(0)(0)

Anonymous

What is CMS?

(0)(0)

Anonymous

pays more tho lmao

(0)(0)

Anonymous

We’ve had about 20 people join from PM over the last year across the world. To a person, they had good things to say about PM as a place to work/train and all appear to have moved for promotions/money.

(3)(0)

Anonyman

What about the other trainees not being retained? I suppose this is some not being retained out of choice (i.e only wanting to qualify into a certain area of law and turning down an offer to be retained), some opting to go to another firm, or the unlucky few who just don’t cut the mustard.

We need real news! This is fake news!

SAD!

(5)(6)

Anonymous

Lol

(0)(0)

Anonymous

Any news on CMS

(1)(0)

Anonymous

Does K&L Gates still pay just £71k NQ???

(2)(0)

Anonymous

What is it like to work at SullCrom?

(1)(4)

Anonymous

Stfu you don’t have an offer. Go back to wanki*g off and applying for TCs for the next 10 years.

(5)(4)

Anonymous

He never said he did?

(4)(0)

Anonymous

Are you blind? It’s right there in the post…!

(1)(3)

Anonymous

Reed Smith, where u at???

(1)(2)

Hm

I know a guy who should have qualified into the Leeds office but copped out of his TC late last year.
Did the GDL and LPC with them. Had to come to a payment deal.

(0)(0)

Anonymous

Any more interesting stories?

(14)(0)

Anonymous

Pinsents is a nice firm. Nice people. Nice to work at. Reasonable salary. A bit of a Ronsil type of firm – you get what it says on the tin. No nonsense. Nothing too flash. Now I’m not sure Eve Cornwell would fit in there, so perhaps it is best she is at Linklaters. It is a shame she didn’t go for CMS. I think she would fit in well at CMS. I wonder what her views on Pinsents are.

(12)(1)

Pascal

Mate, it sounds like you need to get your baps buttered!

(2)(0)

Lazareth

My friend Larry can help you out

(1)(0)

Anonymous

Interesting how different the comments are on this post as opposed to Bakers yesterday.

(3)(1)

Anonymous

I worked on the other side of PM on a real estate deal. PM provided the first draft leases and licences, after lengthy delays; the front cover and signature pages had parties I didn’t know.

(3)(2)

Troglodyte

…meaning?

(0)(1)

Anonymous

Shet

(1)(0)

Anonymous

You should have learned the names of the parties, mate.

(14)(0)

Anonymous

Also worked opposite their real estate team. Really shoddy work. Ironically they also used incorrect parties…

(1)(1)

Anonymous

Thanks, Alanis.

(3)(1)

Anonymous

They recycle their documents all the time, and rely on the other side, billing its own clients, to make changes. Clever way to keep costs down for their own clients, I must say.

It felt like I was teaching them basic property law for free; and the worst part is they never learnt from anything.

(0)(1)

Anonymous

Conveyancing is for paralegals (at best) anyways. It’s the first thing that will be replaced by robo-lawyers.

(1)(0)

Anonymous

Are Dorsey & Whitney due to raise any time soon? Paying a bit below the other US firms at the moment.

(0)(0)

Dorsey NQ

£77k NQ for a 9-5 gig. Sounds excellent to me

(6)(1)

Anonymous

Can I put this on my application form? Why you are applying to us?

(0)(0)

Anonymous

Decent Pensions practice as well to be fair.

(4)(0)

Anonymous

Binsent Basins

(3)(2)

Magic Circle Partner

Nice firm. A young lady I’m seeing works there.

(2)(0)

PEPE

THICC

(0)(0)

ANON

PM doesn’t value it’s staff. It creates artificial hoops to jump through for promotion at all levels and there’s definitely a lot of inter-office politics. Birmingham and Leeds offices think they’re the s*** and have a real chip on their shoulders about the London office. I’d go back if they did a de-merger and became a strong independent Masons in London! #Mexit

(0)(1)

Comments are closed.

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