Reveals BAME-only retention rating in Metropolis regulation first

Magic circle participant Linklaters retained 47 of its 50 rookie solicitors because of qualify this spring.

Hyperlinks confirmed one among its newly certified (NQ) legal professionals is being retained on a set time period contract, handing it a spring rating of 94%, or 92%, relying on the way you interpret its figures.

In what’s believed to be a primary for a Metropolis regulation agency, Hyperlinks additionally revealed a separate retention rating for its black, asian and minority ethnic (BAME) trainees — simply months after it set a series of “aspirational” targets to enhance variety throughout its sizeable lawyer ranks.

The agency, which presents round 100 coaching contracts annually, the best of every other Metropolis outfit, confirmed it had retained all 20 of its BAME trainees — or 100%.

Hyperlinks’ newest recruits, who be part of as fully-fledged associates this March, will begin on £90,000 after the agency opted to cut pay by 10% last summer in response to the pandemic.

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Richard Hodgson, trainee growth companion at Linklaters, commented:

“We’re very happy that in our first qualifying consumption of 2021, we have now retained an excellent increased variety of trainees than final yr. This determine demonstrates our means to draw, develop and retain a various group of proficient people. I sit up for seeing the careers of our newly-qualified legal professionals progress within the agency.”

Traditionally a robust retention performer, Linklaters posted a results of 87% (46 out of 53) in the summertime and 88% (36 out of 41) this time final yr.

Hyperlinks turns into the second member of the magic circle to disclose its spring rating, after Allen & Overy confirmed this month that 34 of its 37 trainees (92%) had been staying put. The remainder of the magic circle are anticipated to comply with with their very own bulletins within the coming weeks and months.