Trainee retention rates across the U.K.'s top 30 law firms have been hit by the economic downturn, with most firms with March 2010 intakes retaining under 80 percent of newly qualified lawyers. The average retention rate has dropped nearly 10 percent from March of last year.
March 15, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Trainee retention rates across the U.K.’s top 30 law firms have been hit by the ongoing economic downturn, with most firms with March 2010 intakes retaining under 80 percent of their newly qualified lawyers.
Legal Week research shows the average retention rate for March 2010 stood at 75 percent, comparing acceptances with the number of qualifiers, a drop of nearly 10 percent on the 83 percent retention rate reported in March 2009.
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