Declines to say if any NQs are on fixed-term offers
Freshfields has change into the third magic circle agency to disclose its autumn retention rating, revealing 32 out of its 38 trainees as a result of qualify subsequent month are staying put.
The Anglo-German big confirmed it acquired 36 functions and made 32 provides. All had been accepted, handing the agency a strong results of 84%. Freshies declined to substantiate whether or not any of its new associates are on fixed-term contracts as apposed to everlasting offers.
Authorized Cheek‘s Firms Most List exhibits NQs will begin on a wage of £100,000 after the agency took the choice in June not to cut pay in response to the uncertain financial climate brought about by the pandemic. Trainees at the moment earn £45,000 in 12 months one, rising to £51,000 in 12 months two.
Coaching accomplice Craig Montgomery mentioned:
“We’re thrilled that so lots of the newly certified associates in our September 2020 qualifying consumption are staying with the agency. Attracting, retaining and growing the very best expertise for the long-term stays a key precedence for us and we’re extraordinarily happy with what these legal professionals have achieved to date.”
Final week fellow magic circle participant Allen & Overy posted a rating of 93% (38 out of 41), whereas Clifford Chance confirmed earlier this month a results of 78% (36 out of 46). An additional two CC rookies accepted six-month offers.