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TCLA Vacation Scheme Applications Discussion Thread 2025-26

With so many firms undergoing mergers rn, how will that affect trainees, future trainees, and in particular, NQ retention and salaries?
it depends but generally the salaries should move towards that of the bigger office (which in the UK is usually the UK firm's, lower salary). NQ retention can likely drop. To use A&O Sherman as an example: first retention post-merger: 66%, compared to the previous being between 77-92.5

Its important to note though that while the drop can be attributed to integration challenges/seat mismatches, another part of it can come from trainees, who fear uncertainty and/or feel like they did not get what they bargained for (usually those who trained at the smaller office)

 
With so many firms undergoing mergers rn, how will that affect trainees, future trainees, and in particular, NQ retention and salaries?
I don't see trainee intakes dropping to be honest. If anything, combining cash flows, profits etc means that firms will have more money. Obviously, with NQ positions, initially, it is likely to reduce as 1) there will be a lot of overlap + unnecessary amount in certain practice areas and 2) a lot of Associates and even Partners may simply choose to leave as they may not 1) like the merger in the first place 2) think they can get better opportunities elsewhere. In short, there are so many competing factors at play, and ultimately it is going to very firm specific and based on the market conditions at the time.
 

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