Legal Business Blogs

Fieldfisher posts 100% autumn trainee retention rates for second consecutive year

Fieldfisher is retaining all of its London-based trainees for a second consecutive year, with a 13-strong cohort qualifying into a range of practice areas.

The newly-qualified lawyers (NQs), who will earn £63,000 a year, will join Fieldfisher’s corporate, dispute resolution, employment and pensions, finance, intellectual property, regulatory, property litigation and technology practices.

This year’s group of qualifiers is marginally larger than that of 2016, when Fieldfisher retained 100% of its 12 trainees.

In a statement, Fieldfisher also confirmed that it would increase the number of London trainees to 14, with two trainee places each in the firm’s Birmingham and Manchester offices.

Edward Miller, Fieldfisher’s training principal and structured finance partner, told Legal Business that the 100% retention rate was due to the firm ‘taking a lot of care in recruiting high quality trainees who we are keen to keep in the business.’

Miller also said Fieldfisher had become a more attractive firm for aspiring lawyers, adding: ‘We are seeing the fruits of the efforts that a lot of people around the firm have made to make it a more attractive business.’

Fieldfisher senior recruitment manager Amelia Spinks added that there are ‘additional NQ roles currently available at the firm.’

The firm posted strong financial results in May, with revenues up 34% to £165m.

Profit per equity partner at the firm also saw significant growth, rising 16% from £550,000 to £640,000.

Fieldfisher has also seen significant expansion this year, opening offices in Amsterdam, Shanghai and Bologna.