Linklaters rounds off magic circle retention season with 46 trainees staying on

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By Thomas Connelly on

One on fixed-term contract

Linklaters has become the final magic circle firm to reveal its autumn 2020 retention score, with 46 of its 53 final-seat trainees staying put.

The global firm confirmed one rookie, who qualifies into its pro bono team, is on a fixed-term contact due to the nature of the project they’re working on. This hands Links — which dishes out around 100 TCs annually, the highest of any other City outfit — a score of 87%, or 85%, depending on how you interpret the numbers.

Links’ latest recruits will start on a salary of £90,000 after the firm opted to reduce NQ wedge earlier this month to negate the financial impact of COVID-19. Trainees receive £47,000 in year one, rising to £52,500 in year two.

Richard Hodgson, trainee development partner, commented:

“We are delighted to once again retain a high number of quality lawyers from our September qualifiers. This figure demonstrates our ongoing commitment to attracting, developing and retaining a diverse group of talented people and we look forward to seeing their careers progress at our global firm.”

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So how does the firm’s autumn result stack up against its MC rivals’?

Last month Clifford Chance and Allen & Overy chalked up scores of 78% (36 out of 46, plus two on fixed-term deals) and 93% (38 out of 41) respectively, while Freshfields revealed a result of 84% (32 out of 38). Slaughter and May, meanwhile, retained 38 of its 41 autumn NQs — or 93%.

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