Trainee retention rates across the bulk of the UK's largest law firms have fallen this year, with research by Legal Week finding the average rate has dropped by almost 10% on last spring's qualifying intake. At the top 20 UK firms with a spring intake, an average of 76.5% of newly qualified (NQ) lawyers have been kept on this year, 9% down on the equivalent intake last year and 3% lower than last autumn's qualifying round. Of 441 trainees at the firms to have released details to date, 343 have been kept on – down on the total of 358 of 422 NQs kept on across the same group in spring 2012.
February 28, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Leading UK firms post reduced retention figures as continued uncertainty prompts cautious recruitment
Trainee retention rates across the bulk of the UK’s largest law firms have fallen this year, with research by Legal Week finding the average rate has dropped by almost 10% on last spring’s qualifying intake.
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