Allen & Overy (A&O) has confirmed that it is only likely to retain 70% of its trainees qualifying in September 2009 and March 2010. The firm said it has not made a final decision about the retention rate but said the figure was a "working assumption in light of the current financial climate".If the firm does go ahead and drop almost one third of the qualifying intakes, it will mark a significant drop on the firm's previously high retention rates which saw A&O keeping on 86% of its newly-qualifieds in 2008 and 90% the previous year.
March 06, 2009 at 06:04 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) has confirmed that it is only likely to retain 70% of its trainees qualifying in September 2009 and March 2010.
The firm said it has not made a final decision about the retention rate but said the figure was a “working assumption in light of the current financial climate”.
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