BLP posts 64% retention rate, promises to 'bounce back'
Berwin Leighton Paisner is keeping just 64 per cent of its March qualifying trainees, though the firm has said that it intends to ‘bounce back’ in the next intake.
BLP offered 14 places to its 22 trainees, all of which were accepted. The numbers are significantly lower than the 80 per cent retention achieved in September 2012 and the 95 per cent retention achieved in September 2011. In fact, 64 per cent is the worst retention result for the firm since the start of the recession.
A spokesperson for the firm said “It’s still a challenging market we are in. A few firms may have gone up [in terms of retention] but the majority have taken a bit of a dip. We need to respond to the needs of the business on a case-by-case basis.”