Newly-qualified (NQ) solicitors at Covington & Burling are the most recent to affix the £100,000 wage membership after the US agency elevated their pay. The rise, which took impact on 1 August, is up from the £95,000 it beforehand paid NQs.
Seven of the eight qualifying trainees this autumn are remaining on the agency to get pleasure from the brand new wage, giving Covington a retention rating of 87 per cent. Two will be part of the dispute decision workforce, with the opposite 5 going into tech/media, white collar crime, company, employment and tax.
Coaching principal Hilary Prescott stated: “We proceed to extend the variety of alternatives we provide our trainees and NQs, with the Brussels competitors and the London mission finance seats proving to be fashionable following their introduction final yr. It has been thrilling to see such a constructive response to the brand new components of our scheme, and we count on additional progress within the scope of our trainee programme, reflecting the dynamism and progress of our EMEA workplaces.”
Elsewhere, Mills & Reeve has retained 17 of its 18 qualifiers, or 94 per cent. Seven of the NQs will work within the Cambridge workplace, 5 in Norwich, 4 in Birmingham, whereas one will break up time between Leeds and Manchester.
|Autumn 2018 retention up to now||Trainees retained||Mounted time period contract||Trainees left||Complete variety of qualifiers||Proportion retained|
|Ropes & Grey||6||zero||zero||6||100.zero|
|Mills & Reeve||17||zero||1||18||94.four|
|Norton Rose Fulbright||28||zero||three||31||90.three|
|Charles Russell Speechlys||23||zero||three||26||88.5|
|Covington & Burling||7||zero||1||eight||87.5|
|Slaughter and Might||32||zero||5||37||86.5|
|Clyde & Co||38||1||7||46||84.eight|
|Shearman & Sterling||11||zero||2||13||84.6|
|White & Case||21||zero||four||25||84.zero|
|Allen & Overy||37||zero||9||46||80.four|
|Herbert Smith Freehills||31||zero||7||38||81.6|
|Bryan Cave Leighton Paisner||15||zero||four||19||78.9|