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Slaughters, Weils and Stephenson Harwood win for trainee retention
21 January 2011
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It's squeaky bottom time for final seat trainees as March approaches, and news of this year's retention rates starts to emerge. Here's the latest:
 Firm Number of trainees
NQs retained
Stephenson Harwood 5 5 100
Weil Gotshal
2 100
Slaughter and May
Berwin Leighton Paisner  21  20 95
Reed Smith
 16  15 94
White & Case 13 12 92
Norton Rose
26 87
11 85
Allen & Overy
54 84
Simmons & Simmons 15 12 80
Pinsent Masons 14 11 79
Wragge & Co
5 71
CMS Cameron McKenna
19 63

So, maximum kudos to Stephenson Harwood  for retaining all five of its trainees (and that's despite the dreadfulness of the firm's toilets). Given that SH only kept on half of last year's March qualifiers, that represents a significant improvement.

Well done as well to Weil Gotshal , which is retaining its entire intake of, errr, two. Also scoring high marks is Slaughter and May, with a very respectable 96% retention rate, up from 87% this time last year.

Of course one swallow does not a summer make, and there are still plenty of firms which seem reluctant to hand out NQ jobs. As previously reported, Hogan Lovells still looks to be heading for an unsettlingly low 66% retention rate (with final numbers to be confirmed soon) - pretty much the same as last year's 68%. Assuming that is the final position, it will be doing marginally better than CMS Cameron McKenna which is keeping a piss-poor 19 from 30 in various UK offices - including one in glamorous Aberdeen.

    Welcome to Aberdeen

RollOnFriday readers may send in their firm's retention details - anonymously - here.



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