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.”

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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%.