A happy trainee qualifying into their firm: how it looks now that pandemic restrictions are easing
Allen & Overy, Clifford Chance and Freshfields are the latest firms to announce their trainee retention results, completing the Magic Circle round-up for the spring. CMS, Shoosmiths and Simmons & Simmons have also released their results.
Freshfields top of the Magic Circle in the RollOnFriday Best Law Firms to Work At 2022, is retaining 34 out of its cohort of 37 qualifying trainees - a retention rate of 92%. The firm posted a score of 81% last autumn and 94% last spring.
The Magic Circle firm's training principal, Craig Montgomery, said the result was "testament to the talent and determination demonstrated by our trainees, and the learning and development opportunities afforded at Freshfields."
Allen & Overy is keeping 33 out of its brood of 38, with a retention score of 87%. It follows a good retention run for A&O throughout the pandemic, as it recorded a score of 85% last autumn and 92% last spring.
Across firms, the cohorts set to qualify in the spring would have started their training contracts as the first UK lockdown loomed in March 2020. James Partridge, A&O's graduate recruitment partner said of the homeschooled cohort: "To qualify at the end of a two-year period during which we spent the majority of our time working remotely is an achievement that should not be underestimated."
Clifford Chance is retaining 32 out of its cohort of 46 qualifying trainees, a retention rate of 70%, matching its score last autumn. The 70% rate is a drop from spring 2021 when the firm posted a score of 88%.
Meanwhile, at the top of the class, Shoosmiths is retaining 100% of its qualifying trainees, as all seven of the cohort are in the everyone-is-welcome club. Three cheers and a small flute of sparkling wine for each trainee.
CMS is retaining 24 out of 25 of its qualifying trainees this spring, a score of 96%. It follows another excellent score of 90% last autumn.
But not every firm has been going great guns, Simmons & Simmons posted a below par score of 57% as it is retaining four out of seven of its qualifying cohort, a drop from last autumn's result of 80%.