Clifford Chance is retaining 92% of its qualifying trainees this spring.
In a good start to the season, the Magic Circle firm has announced that it is retaining 44 out of 48 of its fourth-seat trainees. It is a vast improvement from CC's spring retention rate last year of 67%. Aside from that blip, the firm has fared well over the last couple of years. It kept on 81% of trainees in Autumn 2017, 82% in Autumn 2016 and 80% in Spring 2016.
NQs at Clifford Chance can look forward to a very decent salary of £87,300 (including bonus). Although it is viewed as a Faustian Pact by some, as one senior lawyer said in the RollOnFriday Firm of the Year 2018 survey that "CC pay a lot and ask a lot in return - it is a clear deal that does not suit everyone".
For one junior lawyer, salary at the Magic Circle firm was "generous when looked at in isolation" but "insulting when compared to the US firms". However a senior lawyer believed that if they chased the dollar and moved to a US firm they would be "beasted even harder".
Most of CC's staff said that their colleagues were "genuinely nice people", and that the firm's culture was "excellent". One lawyer gushed that it "always feels like a privilege to work here". Turning to the firm's amenities, one lawyer commended the loos as being a "comfortable place to hide from work".
Trowers & Hamlins also posted a good trainee retention rate of 86% this spring. Anna Clark, Partner and Training Principal at Trowers, told RollOnFriday that "the effort and hard work" of their "outstanding" trainees was much appreciated and that the firm was "delighted to offer them permanent roles". The NQs will start on £65,000 in London and £42,000 in Birmingham, Manchester and Exeter.
In the RollOnFriday Firm of the Year survey, there were positive comments about the firm's approach to work/life balance with a senior lawyer reporting that "no one is frowned upon for leaving on time". Another lawyer said that whilst pay at Trowers was not as high as Magic Circle firms, they "probably got paid more per hour". One senior lawyer, presumably high on a sugar rush, applauded the firm for "free Haribo!". Although a trainee on a corn syrup comedown complained that there was "not enough Haribo".
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In a good start to the season, the Magic Circle firm has announced that it is retaining 44 out of 48 of its fourth-seat trainees. It is a vast improvement from CC's spring retention rate last year of 67%. Aside from that blip, the firm has fared well over the last couple of years. It kept on 81% of trainees in Autumn 2017, 82% in Autumn 2016 and 80% in Spring 2016.
NQs at Clifford Chance can look forward to a very decent salary of £87,300 (including bonus). Although it is viewed as a Faustian Pact by some, as one senior lawyer said in the RollOnFriday Firm of the Year 2018 survey that "CC pay a lot and ask a lot in return - it is a clear deal that does not suit everyone".
For one junior lawyer, salary at the Magic Circle firm was "generous when looked at in isolation" but "insulting when compared to the US firms". However a senior lawyer believed that if they chased the dollar and moved to a US firm they would be "beasted even harder".
Most of CC's staff said that their colleagues were "genuinely nice people", and that the firm's culture was "excellent". One lawyer gushed that it "always feels like a privilege to work here". Turning to the firm's amenities, one lawyer commended the loos as being a "comfortable place to hide from work".
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David woke to the sweet vibration of one hundred unanswered emails on his iPhone. |
Trowers & Hamlins also posted a good trainee retention rate of 86% this spring. Anna Clark, Partner and Training Principal at Trowers, told RollOnFriday that "the effort and hard work" of their "outstanding" trainees was much appreciated and that the firm was "delighted to offer them permanent roles". The NQs will start on £65,000 in London and £42,000 in Birmingham, Manchester and Exeter.
In the RollOnFriday Firm of the Year survey, there were positive comments about the firm's approach to work/life balance with a senior lawyer reporting that "no one is frowned upon for leaving on time". Another lawyer said that whilst pay at Trowers was not as high as Magic Circle firms, they "probably got paid more per hour". One senior lawyer, presumably high on a sugar rush, applauded the firm for "free Haribo!". Although a trainee on a corn syrup comedown complained that there was "not enough Haribo".
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