Mayer Brown reveals pekid retention rate again
Mayer Brown has reported its retention rate for autumn 2015, coming in at a lowly 55 percent. The firm had 11 qualifying trainees, of whom 10 received offers for roles as newly-qualified lawyers. Seven accepted the offer, but only six on permanent contracts. The seventh will join on a short term basis.
Last year, the firm announced it would cut its intake in half. Originally it stated the cut would take effect in 2016 but then corrected its statement to say this year would see the first changes in its intake.
Last year, the firm posted the same 55 percent retention rate, although from a total of 18 qualifying trainees. The rate for this year is the lowest announced this season.