Slaughters reveals spring trainee retention rate of 85%
33 out of 39
Slaughter and May has become the second magic circle firm to reveal its 2022 spring retention rate, following Linklaters which announced a result of 94% earlier this week.
Slaughters confirmed 34 of its 39 trainees due to qualify in March received offers, with 33 accepting. All are on permanent deals.
This gives the firm, which offers nearly 90 training contracts a year, a retention rate of 85%.
The Legal Cheek Firms Most List 2022 show the rookies staying on will receive a newly qualified (NQ) salary of £107,500 after the firm announced an increase last month. This is nearly double the firm’s second year trainee salary of £55,000.
Today’s result is slightly down on the firm’s 2021 spring rate, when it retained an impressive 93% (38 of 41) of its qualifying trainees.
The remaining members of the MC — Allen & Overy, Clifford Chance and Freshfields — are yet to reveal their spring figures.
7 Comments
Anon
Pretty low for Slaughters
Anyone know the goss on what happened to the other 6? Switched firms, left law etc?
Insider
Shoe shiners I’ve heard.
May
Laughter with an s in front
Anon
I’m not surprised. The hours in certain transactional departments are absolutely relentless. I don’t know how the associates do it for years on end
Pickles
Good News: retention is pretty high
Bad News: those 34 NQs have to work for Slaughter and May
Wonder where those lucky few that got away ended up…
Bongo
Slaughters 4th seater here. I’ve been commenting under the guise of Bongo/Bingo/Bingus for some time now.
I know 4 from my cohort have gone to US firms. No clue on the others.
Tingo/Tongo/Tingus
I think we may be friends!
I would like to declare my undying love for you right here.
Are you in a position to reciprocate?
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