Best and worst NQ retention rates for UK firms

When firms miscalculate their staffing needs or wish to cut costs, it is often the newly qualified lawyers – those at the end of their trainee program – that suffer disappointed expectations. In this difficult market, therefore, the retention rates are politicised, and low retention rates signal poor planning and broken promises. Stephenson Harwood and Weil, Gotshal & Manges lead the way this March, retaining 100 per cent of their newly qualified lawyers, while Slaughter and May retained 96 per cent of their newly qualified lawyers. At the bottom end of the scale, CMS Cameron McKenna is keeping just 19 from 30 in various UK offices giving the firm a retention rate of 63 per cent.

Best and worst NQ retention rates for UK firms rollonfriday.com Mon, Jan 24, 2011