One on fixed-term contract
Linklaters has turn out to be the ultimate magic circle agency to disclose its autumn 2020 retention rating, with 46 of its 53 final-seat trainees staying put.
The worldwide agency confirmed one rookie, who qualifies into its professional bono crew, is on a fixed-term contact as a result of nature of the challenge they’re engaged on. This arms Hyperlinks — which dishes out round 100 TCs yearly, the best of some other Metropolis outfit — a rating of 87%, or 85%, relying on the way you interpret the numbers.
Hyperlinks’ newest recruits will begin on a wage of £90,000 after the agency opted to reduce NQ wedge earlier this month to negate the monetary influence of COVID-19. Trainees obtain £47,000 in yr one, rising to £52,500 in yr two.
Richard Hodgson, trainee improvement companion, commented:
“We’re delighted to as soon as once more retain a excessive variety of high quality attorneys from our September qualifiers. This determine demonstrates our ongoing dedication to attracting, creating and retaining a various group of gifted folks and we sit up for seeing their careers progress at our international agency.”
So how does the agency’s autumn consequence stack up in opposition to its MC rivals’?
Final month Clifford Chance and Allen & Overy chalked up scores of 78% (36 out of 46, plus two on fixed-term deals) and 93% (38 out of 41) respectively, whereas Freshfields revealed a results of 84% (32 out of 38). Slaughter and May, in the meantime, retained 38 of its 41 autumn NQs — or 93%.