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. Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox. Organisations are beginning to recognise that talent is found everywhere not just in the most prestigious universities, which struggle themselves with a bias towards the privileged. Regardless of which university you're at, concentrate on trying to tick all of the boxes. However, entry into the Magic Circle is . This cookie is to identify the source of a visit and store user action information about it in a cookies. Want regular information and advice on how to get into law? Remember everyone, we depend on your tips to stay on top of important bonus updates, so when . Boost your law career for free. 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. If you're considering where to complete your undergraduate degree, do not let the results of this report override key considerations: a particular course youre passionate about; doors open to you by pursuing a certain course; a locations appeal and the accompanying cost of living; how close by your parents should be; the social life and your general happiness. We expect that more firms will adopt techniques like this in the years ahead as they acknowledge the need to be more diverse. Or a Magic Circle partner salary? Don't get lazy and assume you've made it: the name of your university is not an elixir that will impel recruiters to hand you a training contract. 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. If, for example, you have mitigating circumstances which have affected your academic performance, a firm will take these into consideration during the application process. Slaughter and May. We interview the trainees to get the truth about life at the major employers. Contrary to what the term Silver Circle may suggest, there is no Golden Circle. These firms are some of the most prestigious in the . We found that universities like Northumbria, Kent, Reading, UEA and UWE played a much greater role in supplying trainees to national and regional firms. Could someone read this and share their thoughts and corrections? The research shows 76 per cent of trainee lawyers at . The pair both took around 2% each of the 2016-2018 trainee sample. The impressive growth of law firms expanding their coverage across the United States. But there are new discoveries, and questions you should ask, like what this tells us about the firms, what your prospects are and who your colleagues will be, and then deeper concerns arise about social mobility in the law. A natural target for ambitious go-getters London may be, but theres a mutual attraction going on. These cookies track visitors across websites and collect information to provide customized ads. Here, we break down the facts. The sudden jump in numbers between 2015 and 2016 may be due to sponsored work visas being given changes that made it easier for businesses to take on international juniors. LPC? 10. At these firms, we spoke to graduates of58 universities. It's the full package that recruiters are after: the more you prove you can offer that, the less your university will matter. Copyright The Student Room 2023 all rights reserved. There are also a number of options now available at some firms which do not follow the traditional training contract route. If you mill about for three years, get poor grades and put no thought into your future legal career, then don't expect a flood of training contract offers. We then combined this with our data all the way back to 2010, when most of the current Chambers Student research team were still gamboling about the school field in PE kit (kidding, were more the library type). A list of the universities attended by partners at top City of London law firms has been published. Wondering what the salary is like for a Magic Circle trainee? BTEC Business Unit 6 (Principles or Management) May 2nd Resit (2023), Which poems from love and relationships should i memorise? magic circle law firms, I was surprised to see LSE placed quite low. According to the data, 31.4 per cent of trainee lawyers at Londons elite Magic Circle firms Linkaters, Slaughter and May, Clifford Chance, Allen & Overy and Freshfields Bruckhaus Deringer went to Oxbridge. What do they look for in Freshfields training contract candidates? This cookie is a browser ID cookie set by Linked share Buttons and ad tags. InvestmentBankin. Firms are increasingly employing a more holistic approach to each application, meaning that they will consider applications from a range of candidates on an individual basis. James is a dual-qualified practitioner in both civil law (an advocate in Indonesia) and common law legal systems (a solicitor in England & Wales). Its up there with correcting your friends pronunciation of quinoa or pretending youve never heard of Lidl producing a ranking of lawyers favourite universities is an expression of middle class Britain par excellence. Why are there so many Oxbridge trainees? The cookie is set by the email marketing service MailChimp. A second group comprising Bristol, Nottingham and Durham made up 16% of all trainees in our research. Statistically speaking, lawyers at the top firms are most commonly from Oxbridge and other Russell Group universities. Even the top law firms do not specify attending a particular university, or particular group of universities in their application process. from the 139 firms featured in our guide since 2010. Any universities missing didn't produce strong enough data. The term was coined by The Lawyer magazine in 2005 in response to the pre-existing term, Magic Circle. ORW. The cookie is used by cdn services like CloudFlare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. Exploring trainee secondments and career moves into the Asia market. What do they look for in Slaughter and May training contract candidates? Magic is in the air at this Biglaw firm! If you're currently studying at a non-Russell Group university, do not be discouraged by this report. Who has been hit hardest by 21bn of pandemic fraud, and will the taxpayer EVER get it back? 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). Magic Circle Interview Tips: Things to Be Aware of . E.g. idk01. Non-city firms are pulling in trainees from a wider array of universities. Here are the 55 universities in the UK and the Republic of Ireland which came up in our sample outside of our top 30, in alphabetical order: Together, trainees from these universities represented 3.1% of the sample. [citation needed] These firmscompete to pay the top salaries, outstripping the magic circle firms, while the style of work is not miles away from the UK elite. Moreover, all four Magic Circle firms with US-based operations continue to increase their presence in the 2021 Guide, notably, in areas beyond their traditional areas of expertise in cross-Atlantic transactional and regulatory mandates. Fladgate, Bristows, Simkins, Regional defines a firm that, you guessed it, has offices inregions that arent London, and a head office thats also somewhere not-London. Over three years, we have interviewed roughly 20% of all trainees in England and Wales. What do they look for in Clifford Chance training contract candidates? I don't know where the term came from or who founded it. With law firms starting to become more open minded about university background, we're hoping that the next time we crunch our numbers well see a greater number of universities represented. You can accept or reject cookies which are not essential for the site to work by clicking on the Cookie settings below. The short answer is no. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. Chambers Student, the students companion to the legal profession, gives the truth about law firms and the Bar. This website uses cookies to improve your experience while you navigate through the website. Their elite status in a competitive industry comes from various factors, including their client base, their revenue per lawyer, their revenue per partner and the number of lawyers they have working for them. The Chambers Student Guide survey recently published a study examining which universities law firms recruit most from. [22], Impact of globalisation and relevance of the term, List of largest United Kingdom-based law firms, "One Essex Court is the 'go-to' set for litigation heavyweights", "Is this the end of the 'Magic Circle' brand? We also found that London attracted the highest proportion of overseas graduates. Read our comprehensive guide on Training Contracts. This might reassure the non-law grads that theyre not starting their careers on the back foot, and should certainly encourage wavering GDL applicants. Some firms may specify a strong 2:1, which is generally seen as achieving between 65-70%. Is Linklaters the law firm for you? We don't describe ourselves as a Magic Circle firm in any of our marketing material. Follow us for breaking news and latest updates, The Trend Micro Cybersecurity Knowledge Hub, 10 services and companies to help grow your business, Slaughter and May boosts pay packet for newly qualified solicitors to 100,000 as Magic Circle pay war rages, Freshfields increases partner pay to 1.84m. . The Magic Circle includes Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May. We caught up with Siobhan, TLP Ambassador for the University of St Andrews, who was lucky enough to secure a summer internship with Magic Circle law firm Allen & Overy in their Abu Dhabi office! Recruiters will overlook you in favour of those who've been on it and performed well no matter what university they've attended. The research shows 76 per cent of trainee lawyers at the UKs leading 139 law firms are Oxbridge and Russell Group graduates. Clifford Chance, headquartered in London, is one of the world's largest law firms, both by size and revenue. Big Three law firms, an informal term for leading law firms in New Zealand. The Student Room and The Uni Guide are both part of The Student Room Group. There were over 107 UK universities mentioned in our data from 2010-2018. All of the 'Magic Circle' law firms and barristers' chambers specialise primarily in corporate law. A natural target for go-getters London may be, but theres a mutual attraction going on. Incidentally, Oxford (24%) did better than Cambridge (20%). You'll notice that the Midlands and Northern-based Russell Group universities did particularly well here. Furthermore, given some suggestions that Clifford Chance and Linklaters will follow their compatriots' lead in stateside expansion, alongside the novel options for local hiring and remote work in the post-pandemic world, it appears that this trend will only continue going forwards. However, having a degree from a Russell Group university does not automatically land you a vacation scheme or training contract, and candidates from these universities will be considered on exactly the same basis as a non-Russell Group university candidate. Russell Group universities outside Oxbridge made up 46.7 per cent of Magic Circle trainees, 13.1 per cent came from other UK institutions and 8.8 per cent were educated overseas. Read more: Slaughter and May boosts pay packet for newly qualified solicitors to 100,000 as Magic Circle pay war rages. This cookie is installed by Google Analytics. The Student Room and The Uni Guide are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. They will be in touch with you soon! This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. What happens if i dont get my A-level predicted grades for Rice University? The number of universities that trainees hailed from was up by 14% compared to our last report three years ago. Throughout your education each of these three elements will develop the other two its what employers mean by well-rounded. To help you make an informed decision, wed like to put you in touch with our partner law schools. Here's why", "The silver circle - Chambers Student Guide", "Ashurst, Herbies ride out tough year; BLP, Macfarlanes, SJ Berwin succumb", "Can the magic circle ward off the challenge of the US firms? What do they look for in Linklaters training contract candidates? 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. (Part 2), Shared bathrooms student accommodation Southampton. Used to track the information of the embedded YouTube videos on a website. Answer (1 of 2): It isn't a requirement per se, but the odds are stacked against you if you don't have a degree from a Russell Group university or an equivalent UK/foreign university of the same calibre. We rarely encountered overseas graduates at the regional firms we researched. In all, 83 UK universities were represented in our sample an encouraging 14% increase on the total in ourprevious 2012 report, signalling attempts to attract more diverse candidates. Away from the capital, the configuration shifted again. Another ray of hope: law firms are beginning to show that they're less obsessed with university name and grades. From Jamaica to Australia, from Brazil to Ukraine: our interviewees in this category came from all over the world. 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). Take our new Which Magic Circle Law Firm is Right For Me? This cookie is set by GDPR Cookie Consent plugin. [1] The members of the Club of Nine had an informal "no-poaching" agreement and the firm's senior partners would meet. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. Here are the results. The grades you have achieved and your overall academic standard is more important than the university you attend. 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. Part of the Dukes Education family Together we're extraordinary. In 1920, Linklater & Co merged with Paines Plythe & Huxtable, a firm that had been founded by a descendent of one of the founding fathers of the United States, Thomas Paine. The Magic Circle is an informal term describing the five most prestigious London-headquartered multinational law firms, which generally outperform the rest of the London law firms on profitability. The Super Boutique law firms comprise Cravath, Swaine & Moore; Sullivan & Cromwell; Paul, Weiss, Rifkind, Wharton & Garrison; Slaughter and May; and Wachtell, Lipton, Rosen & Katz. We use cookies to provide you with a better online experience, to tailor advertising based on your browsing, and for statistics and measurements purposes. Guys, do you prefer to be called hot or handsome? Since our last report in 2016, we've interviewed 2,500 trainees. The bottom line. London is a global legal hub only rivalled by New York. That seems big and it is but its down 5% from our previous survey of the years 2013-2015, although over nine years weve witnessed a 3% drop in the Russell Groups dominance. Oxbridge grads make up a quarter of London trainees and a fifth of all trainees. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. 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. Oxbridge grads make up a quarter of London trainees and a fifth of all trainees. The purpose of the cookie is to enable LinkedIn functionalities on the page. Before we launch into the results, a few points to bear in mind: We haven't interviewed every trainee that's passed through the system over the last three years: for our research we contacted a sample from each firm. Initially, the Magic Circle's membership was described by commentators as comprising the UK firms with strong corporate practices or international work. Submit. In comparison to the overall picture of London, the top end of the market held a higher proportion of Oxbridge graduates; a similar amount from the remaining Russell Group universities; and fewer trainees from other UK institutions. The data below is drawn from the entirety of our research in the years 2010, 2011 and 2012. Registered in England and Wales with Company Number 08037587. Durham has taken a slide too. 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.
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