Two on fixed-term contracts
The London workplace of worldwide agency White & Case has recorded an autumn 2020 retention charge of 88%, because it introduces distant abroad secondments to its coaching contract.
The agency made 21 gives for newly-qualified (NQ) positions from its cohort of 24 qualifying trainees. All 21 gives had been accepted, with two being retained on fixed-term contracts. This arms White & Case a September rating of 88%, or 79%, relying on the way you interpret its figures.
The brand new associates be part of the agency’s international practices in banking, capital markets, industrial litigation, monetary restructuring and insolvency, worldwide arbitration, mergers and acquisitions, mission growth and finance, and white collar. Seven NQs be part of its workplaces in Abu Dhabi, Dubai, Geneva, Moscow and Singapore.
Last month Legal Cheek reported that the agency will maintain NQ solicitor salaries regular despite the financial headwinds caused by the coronavirus. NQs can anticipate to earn £105,000 upon qualification. Different MoneyLaw outfits are adopting a similar approach.
The White & Case trainee solicitor programme has been established for over 20 years and has a mean retention rating of 85% since 2015. In the last autumn round, for instance, the agency saved 89%, or 16 out of 18 of qualifying trainees.
As a part of the programme, trainees are assured a six-month secondment abroad. The agency stated it’s persevering with to supply trainees with worldwide expertise amidst the worldwide coronavirus pandemic via the introduction of distant abroad seats.
“We’re decided to honour the White & Case dedication to supply our trainees with priceless worldwide expertise, whereas all the time prioritising their wellbeing,” stated accomplice Inigo Esteve, who heads the trainee solicitor programme in London. “Working distant abroad seats is in line with this objective, stays an ideal growth alternative for our trainees and in addition advantages our abroad workplaces, which proceed to want and admire the contribution of London trainees.”