Firms reveal trainee retention figures


By Victoria Basham

13 October 2016 at 09:00 BST


Nabarro and Latham & Watkins have revealed their autumn retention figures, with Clyde & Co and DAC Beachcroft also throwing their results into the mix.

Kzenon

Nabarro, which earlier this week announced a three-way merger with City outfit Olswang and CMS Cameron McKenna, has posted a retention rate of 83 per cent. From a trainee cohort of 18, 15 have accepted full-time associate positions; eight new lawyers will be heading to the firm’s dispute resolution division, four will be based in business advisory and the remaining three will start associate life in real estate.

Latham

US giant Latham & Watkins is holding on to 17 of its 20 qualifiers, for a retention rate of 85 per cent. The result marks a slight drop on this time last year when the firm kept 95 per cent of its London trainees. Having boosted pay packets earlier this summer, Latham’s new associates will earn an eye-watering £124,000.

Clyde & Co

Meanwhile, from a trainee cohort of 41, Clyde & Co confirmed 34 had accepted full-time associate positions, giving the firm a result of 79 per cent. Twenty-five NQs will be based at the firm’s London headquarters, while Manchester and Dubai will each gain two new associates. Guildford, Oxford, Singapore, Doha and San Francisco will also receive one NQ each.

DAC Beachcroft

DAC Beachcroft has retained 80 per cent of its autumn trainees, with eight NQs staying on from a qualifying cohort of ten.  

 
   
 
 
 

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