As an aspiring solicitor, its likely that youll need to study a course with a leading law school in the not-too-distant future. 19. Used by Microsoft as a unique identifier. What's more, non-Russell Group trainees popped up in all of our categories. Even the top law firms do not specify attending a particular university, or particular group of universities in their application process. So dont fret if youre at a uni outside the RG there were fewer training contract applicants. Allen & Overy. Out of these, Oxford and Cambridge came out on top, together accounting for almost a fifth of trainees surveyed. Regardless of which university you're at, concentrate on trying to tick all of the boxes. 999tigger. The Student Room and The Uni Guide are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. It does not store any personal data. Career change to Law contemplationwill I be too old at 33? If you're currently studying at a non-Russell Group university, do not be discouraged by this report. BTEC Business Unit 6 (Principles or Management) May 2nd Resit (2023), Which poems from love and relationships should i memorise? Indeed, before its launch in the Silicon Valley, Freshfields' East Coast hires included the attention-grabbing addition of Ethan Klingsberg, a highly rated M&A partner from Cleary Gottlieb, and Willkie Farr securities litigator Mary Eaton, both of whom are ranked in the Chambers USA 2021 Guide, as well as adding employee benefits expert Lori Goodman from Latham & Watkins and hiring antitrust duo Meghan Rissmiller from Hogan Lovells and Julie Elmer from the US Department of Justice's Antitrust Division. TSR Decisions Drop In 17th April - 5th May. Take our new Which Magic Circle Law Firm is Right For Me? and "At the end of the day we see ourselves as one of the leading global law firms, not one of the leading Magic Circle firms". This will skew the results in favour of the larger, less specialist institutions. We have only looked at undergraduate degrees for the purposes of this study. This cookie is set by Youtube. Axa warns burnout is burning a hole the economy, From cow herder to corporate chief meet the man who leads Axas City division. Oxbridge, Durham and LSE dominate the US/Magic circle so that's hardly a surprise but Bristol, Exeter, UCL and Warwick also put up a good show. I dont think its going to gain power or momentum and I dont think its a strengthening brand in itself." Kings - English law and French law degree, Law Applicants 2023 entry - discussion thread, HKU-UCL, KCL-CUHK, Exeter-CUHK Law interviews, Cambridge Sixth Form Law Conference 2023 (CSFLC). Recruiters will overlook you in favour of those who've been on it and performed well no matter what university they've attended. This cookie is set when an AdsWizz website visitor have opted out the collection of information by AdsWizz service or opted to disable the targeted ads by AdsWizz. Magic is in the air at this Biglaw firm! Find out how they work - and how you can get one. Although Oxbridge students make up less than 1% of each years graduating class, they made up a whopping 15.4% of all our trainee lawyer interviewees. The Russell Group (including Oxbridge) supplied 76.5% of trainee lawyers. And is it necessary to attend one to stand a chance of securing a job at one of these firms? Choosing a University Other Things to Consider. Read one of these interviews with Magic Circle employees! LLM? Read more: Freshfields increases partner pay to 1.84m. Durham has taken a slide too. At most firms youll meet a balance of law and non-law grads. They will be in touch with you soon! Less established US firms concentrate their recruitment efforts on the 'top' universities in order to increase their prestige and position in the London market. We wouldnt recommend making life choices based only on these figures, though. For example, Leicester runs a very well-regarded law degree, and so has a strong showing. Our graph below makes no distinction between UK and non-UK citizens. Freeths, Cripps, Threthowans, Ashfords, National defines a firm that has strong regional presence as well as a head office or strong presence in London. To put it in the same category as Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters would be inaccurate, and to say it is in a class of its own is frankly showing the firm too much deference. . This page was last edited on 19 January 2023, at 22:04. [1] The members of the Club of Nine had an informal "no-poaching" agreement and the firm's senior partners would meet. Exploring trainee secondments and career moves into the Asia market. The London universities LSE, UCL and King's continued to perform well here, while Nottingham lost the dominance it maintained in the other London categories. This is a analytic and behavioural cookie used for improving the visitor experience on the website. There is a 25% difference with regard to Revenue Per Lawyer. Necessary cookies are absolutely essential for the website to function properly. And our big discovery is that very little has changed in a decade. I assume this is because the stats didn't take into account the yearly law intake for each uni, which is quite low for LSE. The cookie is set by the email marketing service MailChimp. 10. If youre looking for firsthand interview tips from a Magic Circle partner, make sure to look at our blog post 12 Pro Interview Tips from a Magic Circle Partner with all the practical advice you need to have your best interview yet! Although Russell Group candidates currently dominate the universities which lawyers at Magic Circle firms recruit from, you do not need to attend one of these universities to secure a position at a Magic Circle Firm. At some of the biggest and most prestigious firms in London seemingly the preserve of the university elite we encountered trainees with degrees from non-traditional institutions like Brunel, Keele and Hertfordshire. This information is used to compile report and improve site. You can find all of the answers to these questions using our free guide start reading below! ORW. Here we plotted university background against eventual NQ earnings. Prestigious law firms lock their gaze on graduates from these prestigious universities, knowing they dont have to look far for the brightest and most driven candidates. London is a global legal hub only rivalled by New York. Other notable Russell Group unis which perform disappointingly include York (2%), Warwick (3%) and LSE (4%). It shows that a whopping 44% of partners at firms in the magic and silver circle attended Oxbridge, while 34% went to one of the 22 other Russell Group universities, and 22% graduated from a non-Russell Group uni. ", "UK 200: Record 11 firms join the 1m PEP club", "The long read: How the silver circle shattered", "Magic Circle Law Firms: The Ultimate Guide", "The magic circle: meet the City's top commercial law firms", "Guest post - The Magic Circle is doomed. The majority of our trainee interviewees 81.4% hailed from a Russell Group university. In three years the number of Oxbridge grads taken on by City firms has dipped by 2.5%. Since our last report in 2016, we've interviewed 2,500 trainees. Official: Aston University A100 2023 Entry Applicant and Offer Holder thread, Close to a thousand experts unite behind statement that rejects zealotry of plant-b, Official University of the Arts London 2023 Applicants Thread, Official King's College London 2023 Applicants Thread, Official Oxford 2023 Postgraduate Applicants Thread, will university find out in future if someone uses CHATGPT, Parents are upset I've not found a bf and had a baby yet at 19. Going to University: A Student's Perspective. They are the five UK-based firms considered to be amongst the most prestigious in the world. The Super Boutique law firms comprise Cravath, Swaine & Moore; Sullivan & Cromwell; Paul, Weiss, Rifkind, Wharton & Garrison; Slaughter and May; and Wachtell, Lipton, Rosen & Katz. Other firms have since followed suit, in a bid to help remove bias from the process and allow recruiters to focus solely on an individual's qualities and responses. But even these firms do not specify a particular university. Want a more specific insight into each of these firms? We know that anyone can become a lawyer, regardless of where they completed their undergraduate degree. We interviewed a sample of 7000 (exactly!) All of the 'Magic Circle' law firms and barristers' chambers specialise primarily in corporate law. The cookies is used to store the user consent for the cookies in the category "Necessary". With clients across five continents, Clifford Chance is a 'magic circle' firm with a formidable reputation. Incidentally, Oxford (24%) did better than Cambridge (20%). Chambers Student, the students companion to the legal profession, gives the truth about law firms and the Bar. The lesser-used silver circle tag which has arguably been rendered almost meaningless by the multiple mergers of the last few years as a host of global megafirms have been created includes Herbert Smith Freehills, Ashurst, Berwin Leighton Paisner, King & Wood Mallesons, Macfarlanes and Travers Smith. The firm has 570 partners and over 6,000 staff. A second group comprising Bristol, Nottingham and Durham made up 16% of all trainees in our research. With this mass of responses we crunched the numbers to reveal which universities funnel the most trainees into the market and what segment of the market. The research shows 76 per cent of trainee lawyers at . The order of universities changes depending on the market and region of the UK. The other vital ingredient is to make good decisions at every stage, and that where we come in: use our guidance and market intelligence to help you understand where youd find your niche in this giant profession. This cookie is set by GDPR Cookie Consent plugin. The prestige, the career opportunities, the money and the city itself combine to attract the brightest, hungriest graduates. But the highest salaries in the business and top-notch commercial work also demand stamina and an appetite for long hours and hard work more than any other city in Europe. Sign up for our newsletter to boost your commercial awareness. Take our new Which Magic Circle Law Firm is Right For Me? "[1], In 2013, The Lawyer argued that Clifford Chance and Slaughter and May should no longer form part of the Magic Circle. For example, Manchester and Nottinghams undergrad enrolments are much higher than that of St Andrews. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". Those from other UK universities formed around one seventh of the total, while overseas graduates made up roughly a twentieth. This allowed other Russell Group universities to ascend the charts: note Durham is no longer the top of the Russell Group outside the capital, giving way to Manchester. magic circle law firms, I was surprised to see LSE placed quite low. InvestmentBankin. To find out about qualifying as a lawyer from overseas, read on>>, City (above including the magic circle and US firms): firms focused on City business sectors, such as finance, capital markets, corporate transactions, investment, insurance, energy. On our D&I platform we'll be taking a thorough look at legal industry issues. It is also worth pointing out that different firms have different strengths, and thus do not all need the same type of candidate. Trinity College Dublin was the most commonly attended university in this entire category (putting it in the same ballpark as St Andrews, UEA and UWE). The term has also been used to describe the most prestigious barristers' chambers in London. Thankfully many of the most elite firms are focusing much energy on addressing this bias, with programmes like contextual recruiting, and unconscious bias and diversity training. As firms recruit on a case to case basis, and are keen to make entering law as accessible as possible, the university you attend does not impact your application as long as you meet the rest of the criteria for that firm. This cookie is native to PHP applications. What do they look for in Linklaters training contract candidates? Mad-Mullah. The Student Room and The Uni Guide are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. The term was coined in the 1990s by The Lawyer magazine and is based on the quintets close relationship with the Citys leading banks and stranglehold on the best corporate finance work.

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