Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have announced trainee retention rates for their first intake of 2012, with both firms set to see 89% of their newly-qualified lawyers (NQs) staying on.

Freshfields has offered 42 of its 46 February NQs a place at the firm, with 41 accepting. The magic circle firm also posted a retention rate of 89% for its spring intake last year.