Quantcast
Channel: Solicitors – Legal Cheek
Viewing all 4559 articles
Browse latest View live

Why future lawyers need to be open-minded and flexible

$
0
0

Speaking ahead of ‘Secrets to Success Bristol — with Burges Salmon, RPC and St John’s Chambers’, The University of Law’s Russell Binch counsels against a single, definitive notion of how your career will pan out

“Be open and flexible, and take opportunities when they come your way.”

That’s the advice of Russell Binch, who works as a tutor with The University of Law in Bristol, to would-be lawyers — and he speaks from experience. Binch enjoyed a stellar career in the law before deciding to switch to teaching, thanks both to following his own advice and also ticking a number of useful boxes on his way to the legal profession. If anyone has helpful tips for those at the outset of their careers, it’s the Nottingham-bred, Cambridge-educated Binch.

Binch’s journey is all the more impressive given a hint of the unconventional. His A-levels, for example, were an eclectic mix.

“I started off studying Maths, Chemistry, Biology and AS level French,” recalls Binch. “I was interested in going into genetics. But I realised maths wasn’t for me.” He swapped numbers for A-level English Literature — a decision underpinned by sound reasoning. “I’d always loved words,” explains Binch.

A love of language helped motivate Binch’s decision to study law at Cambridge. That, and the fact that, to him, “law seemed to fit neatly between science and the arts”. He graduated from Cambridge with a first in law in 2000, having enjoyed acting and singing in a choir while there. Astute to his future, and finding that he thoroughly enjoyed the law, Binch also made sure he put in plenty of hours with his college’s student law society.

“It’s important to get involved in things like university law groups,” says Binch. “They give you an insight into the kinds of issues you’ll encounter in practice, and help clarify basic things, such as whether being a barrister or solicitor is the right choice.”

Binch chose to become a solicitor, but not before he’d obtained a Commonwealth grant and taken a Master of Laws at the University of British Columbia in Canada. “Being abroad and travelling was great, and the focus of the LLM was on human rights law,” says Binch. “This was something I’d always found interesting.”

By the end of his third year at Cambridge, Binch had secured a training contract at City firm Stephenson Harwood. He returned to the UK, completed the LPC at the University of the West of England in Bristol in 2003 — gaining a distinction — and joined Stephenson Harwood as a trainee in September that year. By this stage, though, Binch had done something else to enhance his understanding of the law, bagging seven months’ experience as a legal officer with Boston Borough Council.

Find out about studying at ULaw

“I worked with the Council from January to July 2002, and it was a fantastic experience,” says Binch. “In many ways it was a baptism of fire. In the first two weeks I was working on an application for interim injunction relief, to prohibit the granting of a maintenance contract. I had to get to grips with procedure and the underlying law very quickly.”

The experience may well have whetted Binch’s appetite because, after his two years as a trainee, he became a litigator with Stephenson Harwood’s aviation disputes and regulatory team. “I’d enjoyed the litigation aspect of work in my two years as a trainee, and having qualified was working in construction litigation,” says Binch. “Then fate struck — a new partner arrived, and he was keen to develop a contentious transport practice. I could see this was a real opportunity, and took the plunge. Aviation litigation then became my specialism.”

Binch thoroughly enjoyed his time at Stephenson Harwood, and particularly valued the input of the firm’s longstanding head of litigation, John Fordham. “John is an excellent lawyer and was always incredibly helpful. He would always support people if ever they needed it,” he says.

Indeed, a little more than a decade after joining the firm, Binch was made a partner. Then, though, came a radical decision.

“It soon dawned upon me that I wasn’t keen on the managerial side of being a partner. I’d also always loved relaying, explaining and contextualising the law. So I made a bold decision — and moved into the academic side,” he recalls.

It was decision that’s typical of Binch’s belief in being flexible and open to change — and he hasn’t once regretted it. “I’ve rediscovered my passion for the law, and love being involved with The University of Law in Bristol. We’re neither too big nor too small, so I can get to know students individually and feel that I’m really helping them.” His quality of life has improved, too: “It’s nice to see greenery on my way into work in the morning!”

Binch adds: “There are many different routes into the law, and once there it’s a broad church with a lot of different specialisms. But as well as being flexible, I’d say another thing: young lawyers should try to avoid having a definitive idea of how their career will go. Life is unpredictable; it’s not set in stone. If you take this view, you’ll be better able to roll with the punches.”

Russell Binch will be speaking at ‘Secrets to Success Bristol — with Burges Salmon, RPC and St John’s Chambers’ at ULaw Bristol this evening.

About Legal Cheek Careers posts

The post Why future lawyers need to be open-minded and flexible appeared first on Legal Cheek.


Share dealing begins in stock market-listed law firm

$
0
0

Knights to recruit 200 more fee earners but remains silent on possible training contract increases

The admission to the stock market of a regional top 100 law firm came into effect this morning.

Knights, whose flotation on the AIM submarket of the London Stock Exchange follows hot on the heels of Gordon Dadds and Keystone Law doing the same thing, has raised £50 million from the initial public offering (IPO) it announced at the start of June. It begins the day valued at £103.5 million.

The firm, which has offices in regional locations across England, has stated in its listing documents that it intends to use some of the proceeds of the IPO to recruit 200 more fee earners, on top of its existing 350. But a hefty £20 million will go to the four selling shareholders: Joanne and Mark Beech (the wife and brother of Knights boss David Beech), Knights partner Karl Bamford, and non-executive chairman Bal Johal, the managing partnetr of private equity firm MML Capital Partners.

Knights remains 45.5% owned by David Beech, with 48.2% of shares in the free market and a further small portion held by other management. In this form, it has pledged to complete at least three acquisitions by April 2020. But there is no indication that the full-service firm is preparing to up its rookie lawyer numbers. According to LawCareers.Net, Knights has six trainees currently, but on its stock market admission document the firm states that it has “approximately 43 trainees”. Knights has not responded to Legal Cheek‘s request to clarify this or issued a comment about future trainee plans.

The acquisitive firm has seen incredible levels of growth under the stewardship of Beech, and particularly since James Caan of Dragon’s Den fame became involved in the firm through his private equity company, Hamilton Bradshaw, in 2012.

The 2018 Firms Most List

Since then, Knights has seen its revenue grow from £8 million in 2012 to £35 million in 2017. Its listing value of £103.5 million beats Gateleys’ £100 million, the first English firm to float in 2015. Only this month, Knights has increased from six to seven offices with a recent acquisition of Turner Parkinson, a Manchester-based firm, Knights thus gaining 63 additional staff overnight.

Knights is positioned as a modern, corporate-style law firm, having been an early convert to the alternative business structure; partners are not ‘partners’ in the firm but employees, and management is carried out by non-lawyers.

It has also significantly rationalised its non-fee earning staff, distancing itself from more traditional firms where: “in the opinion of the Directors, with partners or senior fee earners feeling morally obliged or comforted by having a long-term personal assistant dedicated to them and their files.” Knights says that now fee earners will take “greater ownership over their work.”

The post Share dealing begins in stock market-listed law firm appeared first on Legal Cheek.

Magic circle duo join the MoneyLaw madness

$
0
0

Allen & Overy and Linklaters latest to pay US newly qualified lawyers eye-watering figure that works out just shy of £150k

MoneyLaw madness is spreading. In the latest junior lawyer pay rise stampede, the US offices of Allen & Overy and Linklaters have followed Clifford Chance and Freshfields in increasing the salaries of their American newly qualified (NQ) lawyers to a staggering $190,000 (£144,000).

Although the megabucks has yet to reach solicitors in magic circle firms’ London headquarters, it’s getting closer.

Already, English-qualified rookies at the London offices of US firms including Akin Gump, Kirkland & Ellis, Fried Frank, Latham & Watkins, Milbank and Simpson Thacher are earning £144,000 straight out of their training contracts. That incredible figure more than doubles as the associates climb the ranks, with a nine-year-qualified lawyer pulling in a whopping $350,000 (£266,000).

And it’s expected that the magic circle firms are going to have to pay American NQs on secondment in London the MoneyLaw wage earned by their peers stateside. So it will be surely only a matter of time before the firms’ homegrown London talent start hustling for a raise.

The 2018 Firms Most List

As it stands, reference to the Legal Cheek Firms Most List shows that Clifford Chance is the top payer of English NQs in London, handing them a salary of £87,300. Freshfields is second with annual remuneration of £85,000, followed by Allen & Overy at £81,000, Slaughter and May at £80,000 and Linklaters at £78,500. It’s great money but it’s a long way short of the MoneyLaw £144k — over £60,000 short in fact! By way of context, £60,000 is the salary of an NQ at Withers, one of London’s most prestigious private client firms.

To rub salt in the wounds, MoneyLaw NQs are eligible for an additional $5,000 bonus on top of their basic $190,000. Are these widening pay differences sustainable?

The post Magic circle duo join the MoneyLaw madness appeared first on Legal Cheek.

‘There’s no such thing as success without hard work — in any walk of life, not just law’

$
0
0

Ahead of Legal Cheek’s ‘How to make it as a City lawyer’ event in London on 4 July, panellist Rebecca Wales, a litigator at Hogan Lovells, explains how curiosity, open-mindedness and the ability to work as part of a team are also key differentiating traits

Hogan Lovells’ Rebecca Wales

Hogan Lovells dispute resolution partner Rebecca Wales is currently representing Ukraine’s biggest bank in the High Court, where she recently secured her client, Privatbank, a freezing order against two Ukrainian oligarchs worth — wait for it — an insanely large $2.6 billion (£2 billion). These numbers are par for the course for a top commercial litigator working on the most complex cases currently on offer in the UK, which, as we saw with the Privatbank case, make splashes in the international press.

To reach such heady heights takes commitment, says Wales, who will be speaking at Legal Cheek’s ‘How to make it as a City lawyer’ event at BPP Law School in London on 4 July. She elaborates: “There is a lot of negativity around how hard lawyers have to work but the fact is it takes commitment to do well at anything, not just at a City law firm.” There is every reason to be so committed: a firm like Hogan Lovells offers some of the most interesting and high quality work out there.

Alongside hard work, Wales prizes curiosity. In media interviews, she has compared her job to that of an investigative journalist, because lawyers are required to, investigate, analyse, then pull evidence together to build a strong case; and, last but not least, present the story cogently to the court. “You’ll need an inquisitive mind, to be interested and interesting, and hopefully have some fresh ideas,” adds Wales.

She also stresses the need for collaborative working. Large law firms like Hogan Lovells have sizeable teams of lawyers handling huge cases and deals, so individualism needs to be tempered. Wales says that her firm “actively works to find people who can work collaboratively”. She explains: “In our practice, we usually work in teams. We truly believe we are better by bringing very talented individuals together as teams.” One of the enjoyable things about working this way is the “people with different life experiences and from different backgrounds who have a different perspective” that this means operating alongside. Of her team Wales says: “They will sometimes come up with an idea that I would never have — could never have — dreamed of.”

Wales did not set out to be a litigator. The UCL history of art graduate decided after university that she wanted to be a lawyer. Having turned down the offer of a junior consultant job with PwC she did the Graduate Diploma in Law (GDL), before securing a training contract with Hogan Lovells. It was only when she did a litigation seat during her training contract that it all fell into place. Accordingly she is sympathetic to trainees who start their careers not knowing what kind of a lawyer they want to be. Indeed, she thinks that it may give them an advantage. “It’s probably better to keep an open mind on what practice area you might suit because you won’t really know until you’ve tried. Experience is essential to making those kinds of decisions,” she says.

The training contract application deadline for Hogan Lovells 2020 (law students) is on Tuesday 31 July

For example, even within litigation there will be different types of work. Wales explains:

“It depends where your interests lie and you won’t know that until you try. Some people would say that what I do involves significant levels of pressure, high-profile clients, supersized cases, all adding up to whole load of stress they don’t want. I look at these elements and I think: what fun!”

Litigation, more than many other practice areas, engages with a fair amount of tech and artificial intelligence, from sophisticated systems for disclosure to machine translations. But tech is not of itself a skill which is needed to be a good lawyer, says Wales. Instead, experience of tech is “something we would, as an additional skill or interest, just take into account”.

She adds: “From a litigation perspective, we have been using AI for years — we just haven’t called it that. Going forward, I do not see tech advancement as something to be scared of, but an opportunity to help lawyers get through some of the less interesting work much more efficiently than used to be the case, which is an advantage for clients too.”

Having made partner in early 2016, Wales says that partnership is not something which she specifically set her sights on, more the ambition to keep being stretching herself and to work on interesting cases. It can be difficult as a young lawyer to see that far ahead, she acknowledges, reflecting: “It’s more usual to think about, plan for — and work towards — the next four or five years. Beyond that there are too many unknown unknowns (as the saying goes).”

Rebecca Wales will be speaking at Legal Cheek’s ‘How to make it as a City lawyer’ event at BPP University Law School in London on 4 July, alongside lawyers from Baker McKenzie and Mayer Brown. Apply to attend.

About Legal Cheek Careers posts

The post ‘There’s no such thing as success without hard work — in any walk of life, not just law’ appeared first on Legal Cheek.

The diary of a client secondee

$
0
0

Ahead of Legal Cheek’s ‘How to make it as a City lawyer’ in London on 4 July, Mayer Brown junior lawyer Emma Sturt discusses her spells on secondments at Citibank and Wells Fargo

Mayer Brown associate Emma Sturt

Though qualified for just 22 months, Mayer Brown solicitor Emma Sturt has spent a total of a year on client secondments: six months during her training contract, and six months in her second year of post-qualification experience.

Mayer Brown runs a coveted client secondment programme, which recently won a gong at the Legal Cheek Awards. Three quarters of aspiring lawyers at the firm go on client secondment during their training contract at major organisations such as: Thomson Reuters, Unilever and Deutsche Bank.

Unlike at other firms where client secondments are competitive and chances of getting onto one are slim, Mayer Brown encourages all its trainees to complete one. In Sturt’s words, “it’s expected at Mayer Brown that trainees will do a client secondment. It’s not a case of applying, writing a cover letter or anything like that. You just pop down your preferences”.

The firm prefers its trainees to have had some experience in the practice area relevant to their secondment. This is why Sturt, who completed a finance seat and really enjoyed it, was a good fit for a six-month stint at Wells Fargo, a multinational financial services company.

It wasn’t long before Sturt, whose first seat had been in tax and her final seat in construction & engineering, was working alongside lawyers and paralegals at Wells Fargo’s London office.

On secondment, she reviewed NDAs and sat on various meetings including a board meeting, plus did some deal work. Durham University graduate Sturt also spent one day a week in Wells Fargo’s real estate team in Covent Garden, where she worked alongside a secondee from Clifford Chance.

Sturt’s training contract was typical in that she completed her secondment in her third seat, as trainees’ first and fourth seats are usually spent at the firm. But, should aspiring lawyers be encouraged to work away from the firm during such a pivotal point in their legal career, their training contract, at all? Sturt thinks:

“Doing a client secondment in my training contract was a great opportunity to learn how business works, so you don’t find yourself stuck in the vacuum of a law firm. I learnt a lot about how a bank works from the inside and what they like to see when dealing with legal counsel, and it was also a great networking opportunity. That’s why I’d recommend doing a client secondment, rather than for the advancement of legal knowledge.”

For students currently seeking training contracts, Sturt recommends you bear in mind what client secondment opportunities the firms you’re applying to offer; not only do secondments enhance your training, Sturt says, but also a strong offering shows the firm is well-connected.

The training contract application deadline for Mayer Brown is on Tuesday 31 July

Sturt qualified in 2016 into Mayer Brown’s banking & finance team, and before long she found herself out on secondment again.

“A partner knocked on my door one day and said: ‘Emma, you’re going on secondment,’” she recalls, “one month later, I was happily installed at the Citibank offices in Canary Wharf.”

Sturt, who was a civil engineer for six years before converting to law, took on more challenging work in her second secondment than her first. She sat primarily with the business team, working alongside them on transactions, assisting and advising from a legal standpoint and getting involved in the structuring of deals, whilst keeping in close communication with legal counsel. She also learnt a lot about real estate finance at Citibank, an area of law she was previously inexperienced in.

Sturt has been back from Citibank for just a few months, but says she’d “definitely be up for doing another secondment in the future”. In the meantime, she will be speaking at Legal Cheek’s ‘How to make it as a City lawyer’ event at BPP University Law School on 4 July. In advance of this, we asked Sturt what her killer piece of advice for training contract seekers is, to which she replied:

“Keep your options open. I came from an engineering background and was seeking out training opportunities in construction teams, but when I got to Mayer Brown I really enjoyed my second seat in finance, and it’s this department into which I qualified. Don’t get too fixated on one area of law or one team, as you never really know what’s around the corner and what you might enjoy more.”

Emma Sturt will be speaking at Legal Cheek’s ‘How to make it as a City lawyer’ event at BPP University Law School in London on 4 July, alongside lawyers from Baker McKenzie and Hogan Lovells. Apply to attend.

About Legal Cheek Careers posts

The post The diary of a client secondee appeared first on Legal Cheek.

Jeremy Corbyn suggests decriminalising cannabis possession

$
0
0

But Labour leader stops short of saying we should legalise it completely

Jeremy Corbyn has hinted that his party could decriminalise the possession of cannabis in what would be a major criminal law shake-up.

The opposition leader told Sky News that “criminalising people for possession of small amounts of cannabis is not particularly a good idea and does lead to great difficulties in communities like mine”. Corbyn also called for cannabis oil to be decriminalised and made available for medical treatment “as soon as possible”.

Home Secretary Sajid Javid recently announced a review of medicinal cannabis use after widespread coverage of cases such as Alfie Dingley, a child whose severe epilepsy can be treated with the banned substance.

But Javid ruled out any move to radically alter the Misuse of Drugs Act 1971 by decriminalising or legalising cannabis, which is currently a Class B controlled substance.

And Corbyn also warned about “health concerns”, saying that “no drug is without consequences”. The clean-living left-winger, who famously does not drink, assured viewers that “personally I don’t take any drugs at all”.

The 2018 Firms Most List

Crown Prosecution Service (CPS) guidelines recommend a “cannabis warning” for a first offence of possessing a small amount, followed by a penalty notice for those caught a second time and full criminal charges for a third offence.

Drug use among 16-24-year-olds has fallen significantly in recent years, from 24% in 2006 to 19% in 2016, according to the Crime Survey for England and Wales. But the National Union of Students (NUS) says that almost 40% of students currently take drugs, with almost all of those having tried cannabis at some point.

Marijuana emerged as the most popular mind-altering substance among drug-taking lawyers in an exclusive Legal Cheek survey a few years back.

More recently, we reported that cannabis law firm Hoban Law Group was looking into a London office. The US-based “cannabusiness” outfit was set up in 2009 to provide legal advice to the burgeoning US weed industry. Presumably they’ll be rooting for Jeremy Corbyn as Prime Minister.

Sign up to the Legal Cheek Newsletter

The post Jeremy Corbyn suggests decriminalising cannabis possession appeared first on Legal Cheek.

From trainee to partner, and what I’ve learnt along the way

$
0
0

Ahead of Legal Cheek‘s ‘How to make it as a City lawyer’ event in London tomorrow, Baker McKenzie corporate partner Kirsty Wilson reflects on her own legal career and the advice she’d give to those just starting theirs

Chocolate companies, beer manufacturers, Formula 1 teams and tech companies are just some of the clients Kirsty Wilson, a partner in Baker McKenzie‘s corporate department, has worked for. Wilson cites this variation in clients as a “consistent highlight” of her 26-year legal career.

It’s a career that began almost by accident.

“I certainly wasn’t one of those people who knew they wanted to be a corporate lawyer since the age of ten,” Wilson tells Legal Cheek Careers. “At the time of applying to university, I’d considered degrees in history and law, but got more offers for law. I thought it’d be a solid, challenging degree, so I went for law — I never expected to still be doing it 30 years later!”

Wilson studied at Cambridge, just six years after her college began admitting women. The trainee market at the time, the late 1980s, was buoyant, and Wilson secured five offers from the five firms she applied for.

“I got my letter through — and back then it was actually a letter — telling me I had an offer from Baker McKenzie,” she recalls, “and I just knew in my gut I should accept.” A training contract with seats in IP, corporate, disputes, and banking and finance followed, Wilson eventually qualifying into the corporate team.

Research shows the average person will work for at least six different companies across their lifetime. However, Wilson has bucked the trend and is now a partner in the same team she qualified into. Her full-time focus for the past fifteen years has been the firm’s global reorganisations group, a sub-team of the corporate department.

The training contract application deadline for Baker McKenzie 2020 (penultimate year students) is on Tuesday 31 July

Highlights of Wilson’s career at the firm, aside from “the great people she’s met along the way”, include an 18-month stint in Baker McKenzie’s San Francisco and Silicon Valley offices, which she “absolutely loved”. Wilson’s corporate team in London has seen secondees from the likes of California, Brazil, Russia and Ukraine (and she’s expecting lawyers from Texas and Sweden in the next few months, too). She continues:

“I’d highly recommend client secondments or international secondments to any trainee or junior lawyer. It gives you a totally different perspective of the legal industry.”

It’s an industry Wilson has seen change markedly since her training contract.

She recalls a “baptism of fire” in her first few months at the firm during which she spent all night in a photocopying room just before Christmas, before heading out to deliver contracts to various companies the following afternoon. Now, technology bears some of this grunt work, and is expected to bear more in the near future. Wilson says:

“We have a global innovation committee which is very committed to looking at how technology will continue to change the legal profession, including AI. In the next five years, it’s expected technology will play a big role in researching and providing advice, document generation and data analysis.”

Another major development Wilson has traced during her career in the City is the increasing competitiveness for jobs. Wilson, who was involved in graduate recruitment at Baker McKenzie for ten years until 2016, says:

“The world has got far tougher. There’s certainly more competition for training contracts, and the candidates we see coming through now have a breadth of experience and an interest in the area that’s far greater from when I was training.”

Thankfully, Wilson has helpful advice for training contract seekers, more of which she’ll share at Legal Cheek’s ‘How to make it as a City lawyer’ student event tomorrow. Her top tip is this:

“Be yourself! Many students worry too much about what they think the firm wants them to say at interview or write in their application — but ultimately what the firm wants to see is what you’re like as a person.”

Wilson, alongside lawyers from Hogan Lovells and Mayer Brown, will be giving her training contract advice at tomorrow’s ‘How to make it as a City lawyer’ event at BPP University Law School. You can register for the event, which is free, now.

Follow Baker McKenzie on Instagram

The post From trainee to partner, and what I’ve learnt along the way appeared first on Legal Cheek.

Herbert Smith Freehills boosts London junior lawyer pay by 13% to £93,000

$
0
0

Weeks after global giant hiked US associate salaries

Herbert Smith Freehills (HSF) has boosted the pay packets of its newly qualified (NQ) solicitors in London.

The global outfit confirmed today that its fresh-faced City associates will now start on a very healthy £93,000 (salary and bonus), up 13% from £82,000. Trainee remuneration remains unchanged, with first years earning £44,000, rising to £48,000 in year two.

Meanwhile, HSF associates with two years post-qualification experience (PQE) can earn up to £114,000 (salary and bonus), a rise of £7,000 or 7%. The firm, which offers around 60 training contracts annually, confirmed that the rises came into effect last month.

The 2018 Firms Most List

Commenting on the pay uplifts, Ian Cox, HSF’s regional managing partner, said:

“It is important for us to continue to attract and retain the best performers to deliver excellent client service. The new compensation system for associates enables us to drive high performance, reward the strongest individuals and helps us work with them to realise their full potential and fulfil their ambition.”

Hard cash aside, the 60-office-outfit performed well in our Trainee and Junior Lawyer Survey. HSF chalked up As in eight categories including training, quality of work and peer support, and bagged the gong for ‘Best Use of Social Media’ at the Legal Cheek Awards earlier this year.

News of HSF’s UK increases come just weeks after it bumped the salaries of its US junior associates to an eye-watering $190,000 (roughly £144,000 based on current exchange rates). This was in response to a series of pay rises triggered by New York-headquartered giant Milbank.

The post Herbert Smith Freehills boosts London junior lawyer pay by 13% to £93,000 appeared first on Legal Cheek.


Clifford Chance equity partners to earn an average of £1.6 million

$
0
0

First magic circle financials released

Clifford Chance has fired the starting pistol on another magic circle financial results season, revealing sizeable uplifts in its profit per equity partner (PEP) and overall partnership profit.

Drilling down into the numbers, partnership profit at the Canary Wharf giant was up 13% to £626 million while PEP hit £1.6 million, an increase of 16%. Global revenue for the year ending 30 April ballooned to £1.62 billion — up from £1.54 billion on the previous year.

The 2018 Firms Most List

Matthew Layton, Clifford Chance’s global managing partner said the firm had made “cumulative progress” since the outfit implemented its “ambitious strategy” three years ago, and cited the firm’s success in the Americas and investment in technology. He continued:

“Overall, these figures are testament to the firm’s unrelenting focus on work where our unrivalled platform and expertise enables us to guide clients through game-changing opportunities and risks. Technology presents a formidable example, as it drives a pace of change that is faster than ever before. Businesses who understand this environment and are agile enough to adapt, will thrive; and our multi-disciplinary, global tech group is perfectly positioned to advise them.”

Magic circle aside, a host of other City firms have already posted their 2018 financial results — and the early signs are positive.

Last week, Legal Cheek reported that of the dozen or so big firms to release their results so far, all have reported rises in revenue while those that published PEP figures have posted increases too.

Sign up to the Legal Cheek Newsletter

The post Clifford Chance equity partners to earn an average of £1.6 million appeared first on Legal Cheek.

7 things students need to do when applying for training contracts

$
0
0

Ahead of tonight’s ‘How to make it as a City lawyer’ event, Legal Cheek Careers meets BPP University LPC lecturer Charlie Radcliffe

If he doesn’t manage to get you a job as a lawyer, Charlie Radcliffe might just talk you into teaching. The former City solicitor now has his feet firmly under the teacher’s desk at BPP Law School — and he’s loving it.

“I really enjoy being on my feet in the classroom”, Radcliffe tells Legal Cheek Careers, “but there are other elements too that keep it varied. Because all the lecturers are former practising lawyers, we’re the ones responsible for keeping all the materials up to date in legal terms, so there’s that research side too.”

“The university also puts its law lecturers through a postgraduate teaching degree” — if you mix up your GDL and LPC try a PGCPHE on for size — “which lecturers from BPP Nursing, Accountancy and Business Schools do as well. It’s been so interesting,” he says.

It’s a far cry from City giant Simmons & Simmons, where Radcliffe worked for 16 years before making the switch to the classroom three years ago. When not working on mega-deals, he helped the Moorgate outfit with its trainee recruitment — and over the years, he’s managed to distill those years of experience into seven lessons for wannabe solicitors.

1. Do your research, people

It sounds obvious, but it really does help to know something about the firm you’re applying to. Bone up on what they do, check if they’ve been in the news recently — probably don’t bring it up if it’s for some scandalous reason, though — and show recruiters that you know something about their business.

But be warned: nobody knows a firm better than its own lawyers, and they’re the ones interviewing you. Radcliffe warns that “factual mistakes will be picked up on. You want to show that you’re interested, but if you’re mentioning facts about the firm, its people or its work and you get that wrong, that’s as good a reason as any to put you on the wrong side of the line if you’re a 50/50 candidate.”

Praising them to the skies for the deal actually done by that rival over the road isn’t a good look — so don’t blag it.

2. It’s called spellcheck. Use it

“Your application may never get seen by a lawyer,” Radcliffe points out. Many firms get HR to filter out the weaker applicants before the solicitors get involved — and with so many applications and so few interview slots, they’re just looking for an excuse to cut you out.

That excuse might be a poorly worded application. “If there are sloppy presentation errors, typos or grammatical errors, that’s often a reason not to interview someone,” Radcliffe says. With so much demand and limited interview slots, “they just have to cut the numbers down somehow. My advice is to read, re-read and re-read again.”

Tempting as it might be to just get the thing out the door, sleep on it and do another proof read in the morning.

3. Get yourself an application strategy that makes actual sense

At interview, you’re likely to be asked what other firms you’ve applied to. This isn’t innocent chit-chat.

“It looks odd if you’re applying to magic circle firms, regional firms and high street firms all at the same time. It doesn’t look as though you know what kind of law you want to do and what kind of firm you want to work in,” Radcliffe points out.

Find out about studying the LPC at BPP Law School

There’s a hidden agenda here: a mash-up of random applications will reveal an “inconsistency of thought process,” Radcliffe says. If you aren’t being logical in your job search, alarm bells ring: you might not be a logical legal and commercial thinker either.

But you don’t have to hide the fact that you’re making multiple applications — the law firms expect you to do this. In fact, once you’ve sorted out your application strategy and have a logical category…

4. Spread the net wide

Once you’ve got a coherent approach to selecting the type of firm you want to apply to, then you can throw the net wide. Radcliffe recalls that “arguably there’s a common standard shown by many applicants. We’d see a lot of people with 2.1s, all pretty bright, all reasonably articulate. You’d be surprised at how many people are 50/50: we could give them a training contract, or maybe not”. So you might stand a reasonable chance at quite a few firms but without being a shoe-in at any — it makes tactical sense to try a fair few.

“Once you’ve identified the bracket — regional firms, say, or City of London but not magic circle — then spread the net as widely as possible. Restrict it in one sense (lesson 3), but then keep it wide within that logical category,” Radcliffe reckons.

He also advises grads not to “set your heart on one firm in particular”. So perhaps more like a Love Island contestant: being too picky is a recipe for heartbreak.

5. Practice, Practice, Practice

You get better at everything else with practice — so why wouldn’t you run through that make-or-break training contract interview in advance of the real thing? As Radcliffe points out, it’s not rocket science to predict that you might be asked questions like “why do you want to work for this firm?”

Here he’s speaking from personal rather than professional experience. “My wife changed careers”, Radcliffe reveals, “and a friend of hers does a lot of job interviewing. She was kind enough to put my wife through some practice interviews — and she got better.”

Staging a dress rehearsal with your mate from halls playing the role of the notoriously scary senior partner is one thing, but hardly realistic. If you can swing it, try a practice interview with a relative stranger such as a friend of the family (ideally a lawyer!) that you send the questions to in advance. The natural awkwardness makes the whole thing a lot more realistic.

6. Get your excuses in early

Training contract applicants might get picked up on a bad set of exam results, Radcliffe says, although if you’ve finished your degree and got the 2.1 in the end you’re probably fine. But it’s worth being prepared to explain that 45% in land law in first year — it’s very often forgivable if you have the story straight.

“It’s quite common to see first year results that aren’t as good as second year results”, he explains. “First time living away from home, lots of parties and not working very hard — that’s pretty much par for the course. Poor exam results are not ideal, obviously, but if the answer is simply as honest as ‘I probably didn’t work as hard as I could but I really knuckled down in second year’, most lawyers I know would be reasonable about that,” Radcliffe reckons. They were students once too.

7. Be persistent. It’s not personal

“Don’t take rejections too personally”, he says. “The chances are you’ll get some! You might be excellent but they just haven’t got a space for you, whereas on another day you would have got the offer. You’ve just got to take it on the chin and move on.”

And it’s not just about shrugging it off and doing it the same way the next time. Try to salvage a few positives from the experience. Not all firms will necessarily give feedback, but if it’s going, you might as well see what they really thought of you. “Actively try and use it to get better”, in Radcliffe’s motivational words.

Charlie Radcliffe will be speaking at tonight’s ‘How to make it as a City lawyer’ event in London. Apply to attend here. You’ll be asked to submit a CV and two questions for the panel.

About Legal Cheek Careers posts.

The post 7 things students need to do when applying for training contracts appeared first on Legal Cheek.

Taylor Wessing confirms Liverpool office launch as firm mulls training contract offering

$
0
0

The centre will open in September

International law firm Taylor Wessing is launching a low-cost support hub in Liverpool.

The centre will open in September, initially with a small number of new legal service roles as well as local operational support. According to Taylor Wessing, it’s also proposing to move its business acceptance team out of London, as it looks to meet the increasing demand on business services and adapt to changing clients’ needs.

Over the coming months, the 32-office outfit will continue to review its operations to assess the development and growth of its new outpost. On why it punted for Liverpool, Taylor Wessing cited the city’s thriving and progressive environment, high volume of experienced people and excellent universities.

The 2018 Firms Most List

And training contract hunters of Liverpool take note.

On the possibility of a Liverpool offering, Taylor Wessing’s graduate talent partner, Matthew Royle, told Legal Cheek:

“It’s still early days and we’ll continue to assess all options in line with our business needs — including our training contracts and alternative qualification routes. The new office will provide yet another opportunity to encourage our talent to flourish and embed our culture, developing new ways of working, and complement our teams across both offices.”

Taylor Wessing isn’t the first international legal player to be lured beyond the boundaries of the City.

In April, Legal Cheek reported that Reed Smith was gearing up to launch a low-cost support hub in Leeds. At the time, Reed Smith said the centre will offer support to its London office while providing a “creative environment” for its lawyers and support staff “to find new approaches to problem solving”.

Last year, Norton Rose Fulbright confirmed it was expanding its Newcastle operations following a successful 12-month pilot project. Other firms to launch similar ventures outside London include Allen & Overy, Herbert Smith Freehills and Baker McKenzie, in Belfast, and Latham & Watkins, Freshfields and Bryan Cave Leighton Paisne, in Manchester.

Sign up to the Legal Cheek Newsletter

The post Taylor Wessing confirms Liverpool office launch as firm mulls training contract offering appeared first on Legal Cheek.

Magic circle money mayhem! Average partner earnings at Allen & Overy and Freshfields edge towards £2 million

$
0
0

Eye-watering sums put MoneyLaw junior lawyer pay war in the shade

Profit per equity partner (PEP) at Allen & Overy and Freshfields has risen to respective figures of £1.64 million and £1.73 million — up 4% and 12% — as the magic circle radiates Big Dick Energy.

By way of context, that’s roughly 12 TIMES what a newly qualified (NQ) associate earning the market-leading £143,000 MoneyLaw salary is being paid by top US law firms in London.

The lesson to rookie corporate lawyers from this differential: don’t waste time squabbling about NQ pay — which our Firms Most List shows to stand at between £78,500-£87,300 in the magic circle — just get your head down and concentrate on making partner.

The PEP rises at the magic circle duo come up the back of overall revenue rises of 4% at A&O to £1.57 billion and 5% at Freshfields to £1.4 billion. Net income is also up at both firms — by 3% at A&O to £690 million and by 12% at Freshfields to £683 million.

A&O’s slower growth comes on back of its magic circle-leading performance last year, while Freshfields’ chunky increases show that the firm is back on track following a slightly disappointing previous 12 months.

The 2018 Legal Cheek Firms Most List

Commenting on the results, A&O global managing partner Andrew Ballheimer said:

“We have had a busy year across our network and it’s gratifying to see another strong increase in revenue after outstanding figures last year. These results speak to a powerful client proposition, underpinned by the calibre and hard work of our people and a compelling international platform.”

Meanwhile, Freshfields chief Stephan Eilers commented:

“We have positioned ourselves effectively to take advantage of growth areas and we have a very strong team of professionals delivering exceptional outcomes for our clients.”

The newly released financials follow the publication of Clifford Chance’s results earlier this week. At CC PEP soared by 16% to hit £1.6 million, while revenue rose to £1.62 billion.

Expect Linklaters to announce shortly. The remaining magic circle firm, Slaughter and May, does not disclose its results, but it is understood to be the most profitable of the quintet.

The post Magic circle money mayhem! Average partner earnings at Allen & Overy and Freshfields edge towards £2 million appeared first on Legal Cheek.

HFW launches trainee-controlled Instagram account

$
0
0

You can now slide into the DMs of an international law firm

International law firm HFW has launched its very own Instagram account, but with a twist: the page is run by the outfit’s current crop of fresh-faced trainees.

The account, @Life_at_HFW, officially went live today and is 100% controlled by six of the firm’s current rookies, who have been specially selected as “Instagram Ambassadors”. The trainees — who sign their name to each post, so followers (and terrified HR staff) will know who posted it — will give an insight into what life is really like at HFW.

Uploads and fancy filters aside, trainees will also respond to direct messages (DMs) sent to the account, as opposed to a member of HFW’s marketing or HR team. Yes, that’s right, you can now slide into the DMs of an international law firm — what a time to be alive!

Lunchtimes in the sun! 👍Ed

A post shared by Life at HFW (@life_at_hfw) on

Speaking to Legal Cheek, HFW’s HR manager, Sarah Burson, explained how the firm wanted to do something different, and in the process give an “honest” and “transparent” account of trainee life. She said:

“We decided that the best way to do that would be to set up an Instagram account and hand control to our trainees themselves. They choose what photos to post, what to say and how to say it… Our trainees do attend a lot of events and they’re all guaranteed an international secondment, but it won’t just be photos of cocktail parties and airport lounges. We give our trainees proper client-facing work to do, so if they’re at the office working late on an urgent matter, or if they’re doing a disclosure exercise, they’ll be sharing that on our Instagram page.”

HFW isn’t the first firm to place its social media output in the hands of its young lawyers. In 2013, fellow corporate player RPC launched @LifeInALawFirm, a trainee-controlled Twitter account documenting the highs…

and lows of life as City lawyer.

The post HFW launches trainee-controlled Instagram account appeared first on Legal Cheek.

Exclusive: Junior lawyer tells MPs she was ‘sexually assaulted’ by magic circle partner

$
0
0

Associate ‘felt compelled’ to sign an NDA following the attack

A magic circle junior lawyer has revealed she was sexually assaulted by a partner at her firm.

As part of her written evidence to the Women and Equalities Committee (WEC), the unnamed City associate describes the attack as a serious breach of her privacy, and that the firm’s investigation into the incident “significantly contributed” to her distress. She doesn’t name the firm but does reveal she no longer works there.

Last year, the WEC launched an enquiry into workplace sexual harassment following a series of high profile incidents in the UK and US. As part of this, the parliamentary committee invited members of the public to submit their own experiences.

The lawyer, who is unable to go into more detail about the incident over concerns she may jeopardise any future tribunal proceeding or criminal trial, writes:

“Throughout my own experience of reporting an incident of sexual misconduct — it was clear that the firm was not prepared for, and lacking in the relevant expertise, to deal with a complaint of such a serious nature.”

The 2018 Firms Most List

Elsewhere in the written evidence submitted last month, the associate reveals how she “felt compelled” to sign a non-disclosure agreement (NDA) in order to have access to details relating to the outcome of her complaint. The NDA prevented her from “sharing various details with others without the firm’s consent” and was “unlimited with regards the period of time in which it would remain binding”. She continues:

“Interactions with the firm with regards the confidentiality undertaking contributed significantly to my distress. There were particular points raised by the firm in relation to the confidentiality undertaking which caused me particular concern, which again I am unable to comment on due to such actions being the subject of continued investigation.”

Upset with how her complaint was handled, she reported the incident to the Solicitors Regulation Authority (SRA) following the conclusion of the firm’s own investigation. This at a time that pre-dated the regulator’s fresh guidance on the use of use of NDAs in issues concerning sexual assaults.

In March, the SRA warned firms that NDAs, sometimes referred to as gagging orders, should not be used to prevent employees reporting allegations of inappropriate conduct to the police or regulator. At the time, Paul Philip, SRA chief executive officer, said:

“The public and the profession expects solicitors to act with integrity and uphold the rule of law. And most do. NDAs have a valid use, but not for covering up serious misconduct and in some cases potential crimes.”

Read the evidence in full below:

Sign up to the Legal Cheek Newsletter

The post Exclusive: Junior lawyer tells MPs she was ‘sexually assaulted’ by magic circle partner appeared first on Legal Cheek.

The best lawyer photos from London Pride 🏳️‍🌈

$
0
0

Includes wigs, top hats and law-themed jewellery

Lawyers lined the streets of London this weekend to march for lesbian, gay, bisexual, transgender and intersex (LGBTI) rights at this year’s Pride in London parade.

Around 30,000 people — including Bar Council chair Andrew Walker QC and Law Society president Christina Blacklaws — took part in the parade, the biggest of its kind in the UK. Members of the legal profession have been sharing their social media snaps using the hashtag #legalpride and we’ve rounded up some of the very best.

The bar was out in force as some barristers braved the sweltering heat and took to the streets in full court dress:

It was high fives all round as the lawyers made their way through the cheering crowds:

Legal Beagle couldn’t resist joining in the celebrations:

There were rainbow-coloured accessories galore, including these rather funky sunglasses:

Equality Act 2010 necklace? ✅

And you can never have enough wristbands:

Amanda Illing, chief executive at Hardwicke, sported a rather fetching Pride-themed top hat:

While ‘all are equal under the law’ badges were dished out as freebies:

The Inns of Court got in on the action too.

We hoped you all enjoyed London Pride 2018 as much as we did!

Sign up to the Legal Cheek Newsletter

The post The best lawyer photos from London Pride 🏳️‍🌈 appeared first on Legal Cheek.


Top commercial barrister lands Attorney General role

$
0
0

As ex-Linklaters lawyer scoops Brexit secretary position

Geoffrey Cox QC

A top-earning commercial barrister has become the new Attorney General as part of Theresa May’s hastily organised cabinet reshuffle.

Geoffrey Cox QC, MP for Torridge and North Devon, was elevated to the top legal role after his predecessor, Jeremy Wright QC, was appointed as secretary of state for digital, culture, media and sport.

Cambridge grad Cox was called to the bar in 1982 and went on to co-found London’s Thomas More Chambers in 1992. According to the set’s website, Cox has appeared in many high profile cases before the Court of Appeal, the Privy Council and the Supreme Court.

His profile lists his areas of specialism as arbitration, commercial, crime, financial and regulatory crime, courts martial, public and human rights. The MP’s register of interests reveals that Cox, who took silk in 2003, has earned over £460,000 from legal work since August 2017.

The 2018 Chambers Most List

In 2016, the Standards Committee found Cox had breached a House of Commons rule after omitting to register £400,000 (11 payments) of outside earnings for legal work. The 58-year-old said he had not intended to hide the payments and blamed the ill-health retirement of his head clerk for the “oversight”.

Meanwhile, ex-Linklaters lawyer Dominic Raab has been appointed as the Secretary of State for Exiting the European Union following the resignation of David Davis.

Raab, who studied law at Lady Margaret Hall, Oxford, joined Linklaters as a trainee in 2000. Having completed his training contract, the MP for Esher and Walton joined the legal department of the Foreign Office. Raab’s appointment means that there are now three ex-City lawyers in May’s cabinet. He joins justice secretary David Gauke (ex-Macfarlanes) and local government secretary James Brokenshire (ex-Jones Day).

Sign up to the Legal Cheek Newsletter

The post Top commercial barrister lands Attorney General role appeared first on Legal Cheek.

The story of how 25-year-old City lawyers came to earn £143,000 a year

$
0
0

A handy video explainer

It’s been an interesting couple of months for City lawyer pay.

US outfit Milbank Tweed Hadley & McCloy fired the starting pistol on another summer pay war after it upped the salaries of its London-based newly qualified (NQ) lawyers to £143,000. Not to be outdone, a host of US firms quickly matched Milbank’s big money move.

The focus now shifts to the top UK-headquartered outfits, most notably the fivesome known as the magic circle. Keen to preserve their elite status and keep their associate ranks satified, they too are likely to bump pay — but by just how much remains to be seen.

The 2018 Legal Cheek Firms Most List

That said, one big City firm — albeit not a member of the magic circle — has already upped pay following the US rises. Herbert Smith Freehills announced last week that junior associates will now start on a £93,000 (salary and bonus), up 13% from £82,000.

Legal Cheek has produced a handy video (embedded above) giving you the lowdown on this summer’s MoneyLaw madness.

The post The story of how 25-year-old City lawyers came to earn £143,000 a year appeared first on Legal Cheek.

Mishcon de Reya cuts billable targets by 20% to encourage tech-minded lawyers to be more innovative

$
0
0

Follows similar move by Reed Smith

A handful of lawyers at City outfit Mishcon de Reya have had their billable hours slashed to encourage them to be more innovative.

The outfit confirmed a “small group” of associates in its London office have had individual chargeable hours targets cut by up to 20% to enable them to spend more time on innovation and technology projects. Mishcon, one of a number of firms not to disclose its billable target figures, said there are currently no plans to extend the initiative business-wide.

Mishcon’s chief technology officer, Nick West, said:

“We encourage all of our people to come forward with any ideas they have — innovation is not restricted to those who have dedicated time to allocate to it. We are constantly looking for ways in which we can deliver more for our clients through optimising technology and ways in which we can streamline our own ways of working. Our new ideas come from a collective enthusiasm for driving improvements and working smarter.”

Mishcon’s billable hours move comes just weeks after fellow City player Reed Smith announced a similar scheme.

The 2018 Firms Most List

As part of Reed Smith’s Innovation Hours programme, lawyers at the firm can allocate up to 50 billable hours working on special tech and innovation projects. Legal Cheek’s Firms Most List shows the outfit’s London-based lawyers currently have a target of 1,600 billable hours. This means around 3% of lawyers’ time could be spent dreaming up weird and wonderful projects.

Mischon was one of the first law firms to launch an in-house innovation hub. Now a hot trend across the City, Mishcon’s MDR LAB welcomed six start-ups through its doors last summer. The firm went on to make financial investments in two: Everchron (litigation management software) and Ping (a programme that automates timekeeping for lawyers).

Sign up to the Legal Cheek Newsletter

The post Mishcon de Reya cuts billable targets by 20% to encourage tech-minded lawyers to be more innovative appeared first on Legal Cheek.

Social media is everywhere — but the law governing it remains a speciality form of practice: Here’s how to get into it

$
0
0

Ahead of Legal Cheek’s ‘Secrets to Success – media and sports law’ event tomorrow evening, ULaw associate professor Peter Goodchild looks back on a career that began as an IP and IT lawyer in the City

ULaw associate professor Peter Goodchild

When ULaw associate professor Peter Goodchild began his career at Slaughter and May in the 1990s, information and technology (IT) law was “very niche and the internet was embryonic.”

Today the picture couldn’t be more different. Indeed, such has been the infiltration of tech into our lives that the law governing it is creaking under the burden. There has also been a blurring of lines, with the coming together of media and technology reflected in the confluence of some legal practice areas.

Goodchild cites the controversial Copyright Directive that was recently rejected by the European Parliament due to the onerous responsibility it would have placed upon individual providers to check for infringements. Following this defeating vote, the Directive is to be redrafted and will face another vote this September. This process will likely involve a discussion of how to preserve internet freedom, while also protecting copyright holders. Importantly, the Directive’s initial rejection exemplifies the difficulty of bringing traditional copyright law into the digital age.

There is a similar story of the law struggling to keep up with social media.

“The traditional world of rules and practitioners are adjusting to a world of democratised information — the two don’t match,” says Goodchild. “So it will take time for the law and lawyers to adjust and to create a set of viable rules for social media.”

He predicts that rules surrounding breach of copyright and defamation “will need to be refreshed so as to make it less problematic”. But Goodchild still sees the law as having a central role to play — particularly in policing the social media companies. He continues: “Importantly, there needs to be a viable avenue for holding accountable those who provide the platforms to individuals who then infringe.”

Find out about studying at ULaw

For students interested in this area, the route in is often more complex than that into specialisms like corporate law. Despite the omnipresence of media — social and otherwise — in our lives, this continues to be considered a specialty form of practice. That means going into it directly via a training contract can be tricky.

Goodchild suggests following a similar path to him, advising budding media lawyers to first secure a “training contract in the right kind of firm” that will train you in, among other things, IP and commercial law — “two areas which are difficult to understand without the other”. This foundational understanding “will then prepare you to make a switch to media and sports law at a later date”. Thorough research at the training contract application stage is key to identify the handful of law firms with substantial trainee intakes that have strong IP and commercial law departments.

Goodchild also emphasises the value in getting any experience — commercial, legal or otherwise — within media or related fields like sports. “While there is a limit to what you can do in one lifetime, it helps to present yourself as someone having both legal and non-legal experience. Although I recognise that this is not a luxury many students have,” he says.

An aptitude for black letter law is also important in this often complex and nuanced field. Goodchild adds: “The students that do stand out possess a fundamental competence with the law and have a ready understanding of how to articulate such competence.”

He is in a good position to assess this, having taught students for 18 years in a career that has taken him to programme and student lead for the graduate LLB at ULaw. Among other responsibilities, he designs courseware and assessments, and teaches on the LLB, Graduate Diploma in Law and Legal Practice Course. He has been an external examiner for Southampton Solent University and writes courses and textbooks for the CILEx Law School.

Looking ahead, Goodchild predicts that the growing lawtech revolution will have an impact on media law. Expect the “automation of legal services to be applied to mass copyright infringement and other IP claims” he says. But in this fast-moving area, where high-level legal skills and industry expertise will always carry a premium, there will always be a role for the human expert.

Peter Goodchild will be speaking at ‘Secrets to Success — media and sports law’ with 5RB, Howard Kennedy, RPC and Wiggin at ULaw’s Bloomsbury campus tomorrow evening. Apply now for one of the final few places to attend.

About Legal Cheek Careers posts

The post Social media is everywhere — but the law governing it remains a speciality form of practice: Here’s how to get into it appeared first on Legal Cheek.

14 law firms named on 2018 social mobility power list

$
0
0

Top 10 spots for Bryan Cave Leighton Paisner and Baker McKenzie

Fourteen corporate law firms have secured places in this year’s social mobility power list.

Top-ranking law firms featured in the Social Mobility Index 2018 are Bryan Cave Leighton Paisner, the highest placed City outfit for the second year running in fourth, Baker McKenzie and Linklaters in tenth and eleventh, and Herbert Smith Freehills in fifteenth, up 10 places from last year’s index.

Produced by the Social Mobility Foundation and Social Mobility Commission and backed by The City of London Corporation, the Index ranks the UK’s employers on the actions they are taking to ensure they are open to accessing and progressing talent from all backgrounds.

Other outfits to secure positions on this year’s index are Freeths (19), Clifford Chance (22), Eversheds Sutherland (23), Hogan Lovells (36), DLA Piper (38), Pinsent Masons (41), HFW (44), Slaughter and May (45), Mayer Brown (47) and Dentons (48).

Away from corporate law, the Ministry of Justice scooped third place, while The Honourable Society of the Inner Temple secured twenty-fourth. Big Four accountancy giant KPMG took this year’s top spot.

The 2018 Firms Most List

The index is based on a voluntary and free survey that assesses employers across seven key areas including the work they do with young people, their recruitment and selection processes and how people from lower-income backgrounds progress within their organisations. Over 100 employers from 18 sectors, who collectively employ over one million people, entered for the 2018 Index.

Sir Nick Clegg, chairman of the Social Mobility Foundation, said: “I’m delighted that so many organisations chose to participate in the Social Mobility Index this year. Improving social mobility across society is a collective endeavour — with government, schools, colleges, universities, families and businesses all pulling in the same direction.” He added:

“This year’s index shows that there is a growing appetite for employers to play their part — I warmly congratulate all those who did so, and I hope they will be joined by more employers in next year’s index.”

The legal profession’s strong showing on this year’s index comes despite recent research suggesting that privately-educated lawyers continue to dominate corporate law.

The stats, released earlier this year by the Solicitors Regulation Authority, show firms which mainly handle high-paying corporate work have the lowest proportion of state-educated solicitors, 56%. By contrast, 76% of lawyers in firms that mainly do litigation work are from state schools, while this figure is 77% for mainly-criminal outfits. Twenty-two percent of all lawyers attended fee-paying schools, the SRA data says, compared with 7% of the general population.

Social Mobility Employer Index 2018:

Sign up to the Legal Cheek Newsletter

The post 14 law firms named on 2018 social mobility power list appeared first on Legal Cheek.

Viewing all 4559 articles
Browse latest View live