Norton Rose Fulbright is the latest firm to reveal its autumn trainee retention rate with a score of 77%.
Of the 26 qualifying trainees, 22 were offered jobs with 20 accepting. The so-so rate of 77% marks a drop from the last two rounds. The firm fared better in the spring with a rate of 95% and scored 90% in autumn 2018. NQs will earn £77,000 as they embark on their career/hallucination as lawyers.
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In other recent retention news, Hogan Lovells announced it would take on 28 of its 31 trainees, a solid retention rate of 90%. The firm also achieved 90% this spring and 93% in autumn last year. The latest batch of NQs will be paid £90,000, but shouldn't follow a former hapless HogLove associate by splashing it on an engagement ring.
Eversheds Sutherland scored 80%, as 39 of its 49 trainees will qualify this autumn, an improvement from last year's score of 70%. The salary for NQs will be £45,000 while their peers in London NQs will be paid £75,500: about the same as the Eversheds lawyer turned-MP-turned-jailbird was earning in parliament, up to the point that she was abruptly given the boot.
Baker McKenzie will be holding on to 16 of its 18 qualifying trainees, a very respectable retention rate of 89%. It marks an improvement from spring, when the firm scored 71%, but doesn't quite reach last autumn's perfect score of 100%. Bakers joined the City pay dash over the summer when it announced that its NQs will be paid a base salary of £90,000, plus a £5,000 signing bonus, with the opportunity to earn six-figures dependent on a discretionary bonus.