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US duo announce 100% autumn retention scores

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London offices of Jones Day and Covington & Burling keep all qualifying trainees

The London offices of US law firms Jones Day and Covington & Burling have announced autumn retention scores of 100%.

Jones Day made 20 offers to the 20 final-seat trainees due to qualify next month all of which were accepted. It is not known whether they have been retained on permanent or fixed-term contracts.

The new associates can expect to earn £100,000 after Jones Day cut London NQ pay by £5,000 last month. That’s still a healthy 69% uplift on year two pay which stands at £59,000. First years at the firm earn £52,000.

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Meanwhile, Covington & Burling will keep all eight of its autumn qualifying trainees. They are understood to all be on permanent deals. NQs at C&B earn £120,000, according to our Firms Most List.

A number of law firms have announced their autumn trainee retention results in the past two months.

So far fellow US firms Ropes & Gray and Sidley Austin are the only other City outfits to post pandemic-proof scores of 100%, though, admittedly, they do have much smaller cohorts. Ropes will retain all five of its soon-to-be associates, while Sidley will keep all 11 qualifying trainees. One Sidley NQ is being kept on a six-month fixed-term contract.

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12 Comments

SALTY GRAD

Very interesting, I think these may be some actual competition to the titan FBD.

(6)(7)

anon

Evidence of the US firms thriving generally speaking.

(8)(7)

anon 2

With the exception of The K Land (am told by an insider)

(0)(0)

A&O >

FBD are trash lol. This meme has to end.

(12)(5)

Future White (Shoe) Trainee at JD

Look at that retention rate.

Kick the MC out of the city, and make these two US titans founding members of the new “Giga Giants” in London.

(3)(6)

Anon

Thoughts on tax as a seat?

(2)(0)

tolchok

piss off

(1)(0)

Tax department

We’d eat you alive.

(0)(0)

truthsiren

Lol wouldn’t ever try putting Jones Day and Covington in the same sentence. The former is a Midwestern Ohio bucketshop, the latter a Washington D.C. white shoe powerhouse.

(9)(3)

Rec

Thought white shoe was Cahill, Cravath, Fried Frank, Pillsbury, etc.

(2)(1)

JD love

You can type ‘white shoe law firms’ and see the list, although JD is a joke on that list

(0)(0)

This is London my g

Both are thoroughly mid-tier.

(0)(10)

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