Eversheds retains all of its trainees
Eversheds has retained all of its trainees this spring, leading the way among some firms that recently announced their retention rates. The firm had eight trainees, all of whom stayed on. Three of trainees are based in London and will join commercial and financial services and disputes practices, four qualified in Birmingham and Cambridge and a lone trainee who came on in Paris will join the firm's international arbitration practice.
The news is starkly in contrast to the buzz around Simmons & Simmons, which is having to fend off suggestions that it manipulated its recent spring retention rate. The firm announced it had retained 78% of its trainees, with nine trainees making it through to the end of the qualification round, eight of whom were offered positions, of which seven were accepted. Reports surfaced, however, indicating that the firm had 13 trainees at its initial intake, which would lower the firm's retention rate to 54%. The firm denies manipulation, owing to the completion of the trainee process.
King & Wood Mallesons meanwhile had a large class of 20 trainees and retained 14 of them to post a 70% retention rate for the spring. KWM recently announced that it would cut 15% of its partnership in Europe and the Middle East.