International firm Hogan Lovells has added to the list of firms announcing strong trainee retention rates, taking on 80% of its cohort in the autumn round.
The firm said today it would be offering a role to 24 of its 30-strong group of trainees. All 30 trainees applied for a role and the firm offered contracts to 25, of which 24 accepted. The figure is an exact match of last year’s score.
One of the trainees who will be starting life at the Holborn-based firm transferred from the now defunct EU arm of King & Wood Mallesons, which fell into administration in January this year.
Ten trainees will work in the corporate department, four in litigation, arbitration and employment, eight in finance, and one in intellectual property. The final trainee will work in the firm’s international department in Singapore. Those newly qualified stand to earn £75,000 in their first year.
Trainee rates have been generally high throughout the City this autumn, though there have been a few notable exceptions. Freshfields Bruckhaus Deringer recorded a sharp dip on last year and kept on only 27 of 41 trainees. Weil Gotshal & Manges held onto half of its 10-strong cohort.