Latest City firm to put qualifying young bloods out of their misery is keeping 15 of its spring 2015 round
City-based global law firm Pinsent Masons — which takes on 75 trainees a year — has offered posts to 15 newly qualifying (NQ) solicitors this spring. Sixteen of 19 trainees applied for permanent roles at the practice. According to the firm, all received offers, but one declined.
The firm — which offers London NQs starting salaries of £60,000 — generally keeps between 70% and 85% of its qualifying trainees. The announcement marks a slight drop from its 2014 spring retention figure of 82%.
Earlier this month the London office of global giant Baker & McKenzie announced it was keeping 14 of 17 (82%) of its spring qualifiers, while national firm Nabarro hit 100%.
Firm profile: Pinsent Masons [Legal Cheek]