Sep

20

Trainee Retention

September 20, 2008 | Leave a Comment

Results just published are showing that trainee retention rates across the UK’s elite legal profession are holding steady, with many firms keeping hold of more than 90% of their intake despite a sharp dip in City lawyers’ overall business confidence.

Legal Week reports that:

The results come despite business confidence among the UK’s top lawyers recently faltering, as City partners anticipate the economic turmoil hitting the profession. Legal Week’s quarterly business confidence poll this week has shown just 30% of partners are expecting double-digit revenue growth over the next 12 months, down from last year’s high of 70%

They go on to report that

top national firms have shown the biggest rise in retention rates, with many of the firms which lost more than a fifth of their lawyers last year now maintaining more than 90%.

With magic circle partners sensing that the market direction is not clear for the coming months, firms are holding onto their talent. This is an ideal time to explore what ItsMyLaw can offer in terms of talent provision and risk mitigation.


Comments

You must be logged in to post a comment.

Name (required)

Email (required)

Website

Speak your mind