Allen & Overy (A&O) has introduced its autumn 2018 trainee retention figures, with 80 per cent of its 46 qualifiers staying on.
With a complete consumption of 46, 44 trainees utilized to qualify, 40 of whom have been supplied newly certified positions. General, 37 trainees accepted the presents.
“This can be a good consequence and one which demonstrates the constantly prime quality of the trainees right here at A&O. We’re lucky to have such a robust pipeline of proficient younger attorneys and I sit up for seeing their careers develop and progress,” Claire Wright, graduate recruitment accomplice and coaching principal at A&O, mentioned in an announcement.
Alongside the outcomes, the agency has additionally introduced wage will increase for each trainees and newly certified attorneys.
First-year trainees will obtain a rise of £1,000 to £45,000, whereas second-year trainees will internet a wage enhance from £49,000 to £50,000. The wage for newly certified attorneys will vary from £81,000 to £83,000.
The trainee will increase for first-years match Freshfields’ latest uptick in pay, however the pair proceed to lag behind Clifford Likelihood by way of trainee and NQ salaries.
Clifford Likelihood elevated salaries from £46,600 and £52,500 for first and second years respectively.
It additionally boosted NQ pay from £87,300 to £91,000. The determine features a binary bonus, which is a discretionary reward for its attorneys.