Slaughter and May has become the third Magic Circle firm to announce the retention level of its spring 2015 qualifying group, with 37 of the 42-strong intake set to remain at the firm.
The figure of 88% is Slaughters’ lowest retention score since also achieving the same mark in August 2013. That said, it is still an impressive score, and in-keeping with the firm’s consistently high performance. In the past four years, Slaughters’ rate of retention has ranged between 85% and 100%.
Slaughters’ score slots in between its two Magic Circle peers to have published their figures in recent days. Freshfields Bruckhaus Deringer retained 85% (41 of 48) of its spring qualifiers, while Allen & Overy fared better with a figure of 93% (43 of 46).
Elsewhere, two other firms with considerably smaller intakes have announced their spring retentions. Mayer Brown has five trainees qualifying in March 2015. Four of those applied for positions in the firm, with three of them being retained. Meanwhile Addleshaw Goddard will keep on two of its four qualifying trainees.
This article first appeared on the website of Lex 100, Legal Business’s sister publication.