NQ intake at London offices of top US firms dips by 6%
The intake of newly qualified lawyers (NQs) at the largest US and international firms in the UK fell by 6% in the last year, highlighting the continued uncertainty for lawyers at the junior end of the profession. Just a handful of firms in the group of 21 surveyed by Legal Week posted year-on-year increases in the number of NQs who were offered and accepted a training contract. These included Mayer Brown, Shearman & Sterling, McDermott Will & Emery and Sidley Austin. Sidley Austin, alongside Paul Hastings and Skadden Arps Slate Meagher & Flom were the only firms to retain 100% of their intake. The research also highlighted the sizeable impact US and international firms have had on the graduate recruitment market, with Reed Smith, Dentons and Baker & McKenzie each taking on at least 25 NQs in 2013.
Retention remains flat at 76% with Skadden, Paul Hastings and Sidley the only firms to keep all trainees
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