The London office of French firm Gide Loyrette Nouel has scored a woeful 0% for its retention rate. Again.
The firm will not be taking on its sole trainee on qualification this spring. It means that over the last three years the firm has returned a dire retention rate overall of 25% (just two out of eight trainees retained). C'est pas bon.
Homegrown NQs in the London office are rarer than brain cells in David Davis. The retention scores captured above can be broken down as follows: 0% in March 2016 (none retained out of two), 50% in September 2016 (one retained out of two), 0% in March 2017 (none retained out of two), 100% in March 2018 (sole trainee retained), 0% in March 2019 (sole trainee not retained).
A source told RollOnFriday that the sole trainee who was taken on in March 2018 "left for Morgan Lewis less than six months later". Which means that only one out of eight trainees from the last five intakes remains at the firm.
For this Spring 2019 intake, a spokeswoman for the firm told RollOnFriday that no formal offer was made because the trainee told the firm before their last seat "that they would be relocating back to their home country" on completion of their training contract. Despite its spotty record, she said Gide's London training contract remained alive and that there were currently "five trainees at various stages of their training contracts".
In rather better retention news, Macfarlanes has announced a perfect spring retention score of 100%, with all six qualifying trainees being kept on.