Two more corporate firms find homes for over 80% of their newly-qualifying young
The London office of global giant Baker & McKenzie has announced that it will keep 14 out of 17 of its spring qualifiers, while national firm Nabarro retains 10 out of 10.
The lucky 24 will see their salaries jump dramatically, with London remuneration for newly-qualified (NQ) solicitors set at £65,000 at Bakers and £59,000 at Nabarro.
Outside of the capital, pay is much less, with Nabarro compensating its Sheffield NQs to the tune of £38,000 and Bakers declining to specify figures for its Belfast solicitors.
The news comes amid a generally strong Spring 2015 recruitment round, in which many firms, including magic circle trio Allen & Overy, Linklaters and Clifford Chance, have posted figures in excess of 90%.
Baker & McKenzie’s last three trainee retention rounds
Nabarro’s last three trainee retention rounds
Firm profile: Baker & McKenzie [Legal Cheek]
Firm profile: Nabarro [Legal Cheek]