Trainee retention defies crunch

The credit crunch has failed to have an impact on trainee retention rates, with early indications from a cross-section of leading firms such as Freshfields Bruckhaus Deringer, CMS Cameron McKenna, Norton Rose, Pinsent Masons, SJ Berwin and Taylor Wessing, showing an overall improvement on last year, The Lawyer reports. At firms where the qualification process has already completed, September 2008 retention rates have improved by an average of 7 per cent, with more than three-quarters of firms keeping on a higher proportion of trainees this year than last.

Trainee retention defies crunch Tue, Jun 17, 2008