Firms pledge to take on majority of qualifying trainees despite fears of drop in profits
January 22, 2003 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
The City’s top law firms have pledged to take on at least 80% of their newly-qualified lawyers this year despite expectations that profits will be substantially hit by the protracted decline in M&A activity.
Allen & Overy and Slaughter and May have confirmed that they will be taking on in excess of 90% of their newly-qualified lawyers from trainees qualifying this year, with Linklaters averaging a retention rate of about 80%.
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