80%+ results
Magic circle law firms Allen & Overy and Freshfields have published their autumn 2021 trainee retention scores.
Allen & Overy confirmed 36 of its 41 newly qualifying (NQ) solicitors are staying on. It made offers to all 38 trainees who applied, 36 of whom accepted. With one on a fixed term deal, this hands the firm a retention score of 88% or 85%, depending on your reading of the numbers.
James Partridge, graduate recruitment partner at A&O commented:
“Congratulations to all those qualifying in September, who have successfully undertaken training contracts during really challenging times due to the pandemic. I’m really pleased we’re continuing to see high retention rates, which speaks not only to the calibre of the upcoming talent at the firm but also our continued commitment to investing in our future lawyers. I look forward to seeing their careers continue to flourish.”
The Legal Cheek Firms Most List shows A&O’s new recruits will start on a freshly uplifted salary of £100,000 — a six-figure sum which includes a £10,000 sign-on bonus.
Meanwhile, fellow MC player Freshfields is set to retain 34 of its 42 NQs — or 81%.
Craig Montgomery, training principal and trainee development partner, said:
“We continue to be impressed by the talent and ability demonstrated by our trainees, and are pleased to once again retain a significant proportion of our September 2021 qualifying intake. The strong and diverse cohort reflects our ongoing commitment to develop, invest in and retain the very best talent for the future. I look forward to seeing the individuals thrive in the next stage of their careers at the firm.”
Earlier this month, Linklaters confirmed a score of 94% — or 45 out of 48.
