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<blockquote data-quote="Jessica Booker" data-source="post: 119734" data-attributes="member: 2672"><p>Unfortunately one intake doesn’t really show anything and I’d discourage anyone from looking at one intake alone. I’d look at the average over at least 3 years to get a better idea of what is happening.</p><p></p><p>But even then the figures could be down to a whole range of factors, including the following:</p><p></p><p><u><strong>Why it could be lower:</strong></u></p><p></p><p>- people leave the legal industry altogether</p><p>- people want to move to places where the firm doesn’t have offices</p><p>- trainees weren’t good enough</p><p>- the practice areas on offer were not what the qualifying trainees wanted</p><p>- trainees were headhunted by other firms</p><p>- the firm didn’t have vacancies due to high retention figures among associates (that’s potentially a positive as shows people want to stay)</p><p></p><p><strong><u>Why it could be higher:</u></strong></p><p></p><p>- the firm actually under recruited the number of trainees</p><p>- trainees have had to defer due to personal reasons/extended leave or left the firm during their TC meaning fewer people were looking to qualify</p><p>- the firm has gone through a period of growth, but that won’t necessarily be sustained</p><p>- the firm has poor associate retention figures</p><p>- a pregnancy/secondment/sabbatical boom in associate populations</p><p></p><p>My general advice is unless the firm’s retention rate is quite frequently below 75% not to worry about it too much in all honesty. 75% is not a bad retention figure - it’s actually pretty good in my opinion.</p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 119734, member: 2672"] Unfortunately one intake doesn’t really show anything and I’d discourage anyone from looking at one intake alone. I’d look at the average over at least 3 years to get a better idea of what is happening. But even then the figures could be down to a whole range of factors, including the following: [U][B]Why it could be lower:[/B][/U] - people leave the legal industry altogether - people want to move to places where the firm doesn’t have offices - trainees weren’t good enough - the practice areas on offer were not what the qualifying trainees wanted - trainees were headhunted by other firms - the firm didn’t have vacancies due to high retention figures among associates (that’s potentially a positive as shows people want to stay) [B][U]Why it could be higher:[/U][/B] - the firm actually under recruited the number of trainees - trainees have had to defer due to personal reasons/extended leave or left the firm during their TC meaning fewer people were looking to qualify - the firm has gone through a period of growth, but that won’t necessarily be sustained - the firm has poor associate retention figures - a pregnancy/secondment/sabbatical boom in associate populations My general advice is unless the firm’s retention rate is quite frequently below 75% not to worry about it too much in all honesty. 75% is not a bad retention figure - it’s actually pretty good in my opinion. [/QUOTE]
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