Reed Smith‘s retention rate is reportedly 36%.

Plz stop this nonsense reporting.

horrendous. 4PE Ashurst 135k

Yeh that ship has sailed, only mid US firms willing to merge. Shoulda merged with Sidley when they had the chance 😂

Why the worst day? You’re still ‘better’ than Reed Smithers in terms of prestige lol

*Weeps* “Look how they [US Firms] massacred my boy”.

Hey, still a pretty good firm overall – mixes it up with the big players sometimes!!

You clearly don’t work in private practice if you have this naive view

About tree fiddy

This just isn’t true. There are plenty of excellent trainees who are not being kept on simply by virtue of the practice areas that they want to qualify into having no NQ spots due to budgetary constraints and/or hiring freezes.

10-15+ years ago the firm was a top tier PE shop, now it’s seemingly energy and tech focussed with little to no PE partners left – all have been poached. Does some M&A here and there but it’s not the corporate power it once was… likely going to need a transformational merger to catch up to the “global elite”.

Insane

Ok this is clearly a troll. Readers, please do not associate this view with the left. There is no right to a six figure job, we know that.

Elite firms (US or UK) have moral obligations to keep trainees and to provide them with a platform to develop their career. Hiring freshers as trainees and then not give them a NQ job is brutal and morally wrong.

Regulatory intervention is the only way to enforce the values of our society.

Not sure forcing businesses to keep employees on is ever a good thing. Stronger employment protections? Sure. Incentives to keep them on? Sure. Strongly worded advice/indignation? Sure. “Forcing firms to keep trainees” ? Massive slippery slope.