Monday, 10 July 2017

Shearman & Sterling and Burges Salmon post autumn retention rates

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Shearman & Sterling and Burges Salmon post autumn retention rates

Shearman & Sterling has posted an 87% retention rate for trainees due to qualify this autumn, down from 100% retention last year.

Shearman will retain 87% of its London trainees due to qualify in September 2017, as 13 out of 15 trainees were offered and accepted newly qualified (NQ) positions at the firm. This represents a drop from both its 2016 and 2015 retention rates, when all 13 of its September qualifiers accepted full-time positions at the firm’s London office. This year's figure remains above its 2014 rates, however, when the firm retained 75% of its final-year trainees to NQ positions.

The US firm’s September NQ lawyers join the mergers and acquisitions, finance, financial Institutions advisory and financial regulatory, project development and finance, and antitrust global practices. Three members of Shearman’s NQ intake this year will take up international secondments in Brussels, Abu Dhabi and Singapore.

Other firms to have announced their retention rates for this autumn include Burges Salmon and Blake Morgan. Burges Salmon announced in April this year that it will retain 100% of its 28 trainees, while Blake Morgan will keep eight of nine trainees who will qualify this September.

Read 2179 times Last modified on Monday, 12 November 2018 15:34