Trainees are staying on at the magic circle firms. With 3 firms boasting over 90% retention rates it looks like the talent pool is going to be dry this autumn.
These figures are worth boasting about but lets not forget the salary increases across all the firms that got reported a few weeks ago related to trainees!
Regardless firms outside of London need to learn from this and invest in trainees.
At least eight in 10 trainees are being kept on at the magic circle this autumn, with most firms posting higher retention rates than in 2015.