27 out of 29 NQs stay on
Global law firm Herbert Smith Freehills (HSF) has posted an impressive autumn trainee retention rate of 93%.
Twenty-eight of the 29 September qualifiers applied for newly qualified (NQ) roles, with all 28 receiving offers and 27 accepting.
The result is higher than HSF’s 2022 autumn rate of 84% when it retained 16 of 19 qualifying trainees.
The Legal Cheek Firms Most List 2024 shows HSF recruits around 65 trainees each year, split across two intakes. Rookies earn a salary of £50,000 in year one, rising to £55,000 in year two. NQ pay currently sits at £120,000, excluding bonus, after the firm boosted rates by 14% last year.