Macfarlanes additionally confirms 100% rating
Magic circle participant Freshfields is preserving 32 of its 34 rookies — or 94%. None are on mounted time period contracts and all will probably be primarily based in its new London HQ, an ultra-modern skyscraper at 100 Bishopsgate.
Craig Montgomery, coaching principal and trainee growth companion mentioned: “We’re delighted to be retaining a really excessive proportion of our March 2021 qualifying consumption. This can be a actual testomony to the power of the legal professionals who’ve thrived in an unprecedented time. It is usually a mirrored image of our ongoing dedication to recruiting, retaining and growing prime expertise for the long run.”
The agency dishes out round dishes out round 80 coaching contracts annually, with trainees incomes a wage of £45,000 in yr one, rising to £51,000 in yr two. Authorized Cheek‘s 2021 Firms Most List reveals NQs obtain a base price of £100,000.
Freshfields is final of magic circle to disclose its spring rating, with Slaughter and May and Clifford Chance recording outcomes of 93% and 88%, respectively, and Linklaters and Allen & Overy each posting 92%.
Elsewhere, Macfarlanes has chalked-up an ideal spring retention rating of 100%, with all six of its final-seat trainees staying on post-qualification. All are on everlasting offers.
The silver circle outfit’s graduate recruitment companion, Jat Bains, commented:
“It’s glorious to have as soon as once more retained all of our spring trainee cohort upon qualification. We’re happy that they’ve chosen to construct the subsequent section of their careers with us. However the pandemic, we take a long-term view, recruiting our trainees to be the companions of the long run.”
Our Firms Most List reveals the NQs will begin on a base wage of £85,000 — a five-figure sum that was trimmed by £5,000 last summer (and later reinstated) in response to the coronavirus pandemic. Trainee pay presently sits at £44,000 in yr one and £49,000 in yr two.
Final summer season Macs introduced it was upping its training contract offering slightly, from 31 to 33, to accommodate future progress.