The university superduo dominated the US and magic circle firms in particular: 24% of all US firm trainees and 31% of all magic circle trainees hailed from an Oxbridge undergrad background. A second group comprising Bristol, Nottingham and Durham made up 16% of all trainees in our research.
How do you get a training contract at a magic circle firm?
To get one, the traditional route is to first work as an intern during your penultimate year in what they call “vacation schemes”. They are conducted during winter and summer, each lasting around 3 to 4 weeks. During which, the firm will size you up through interviews and tests to see whether you are a “perfect fit”.
How much does a partner at a magic circle firm earn?
Allen & Overy has won this year’s race to be the first “magic circle” law firm to announce its financial results, revealing that its equity partners earn on average £1.9 million each.
How many trainees do magic circle firms take?
Freshfields Bruckhaus Deringer
| Founded: | 1743, formed by Samuel Dodd. |
|---|---|
| Number of offices: | 28 |
| Number of countries with offices: | 16 |
| Revenue: | £1.33 billion |
| Number of trainees per year: | 80 |
Where do top law firms recruit from UK?
78% of Partners at Top UK Law Firms Educated at Oxbridge, Russell Group Universities. Uh-oh, another headache for legal industry as it has been found that 78% of partners at Magic and Silver Circle firms attended a Russell Group university, including Oxford or Cambridge.
Where do top law firms hire from UK?
Out of these, Oxford and Cambridge came out on top, together accounting for almost a fifth of trainees surveyed. Those from other UK universities formed around one seventh of the total, while overseas graduates made up roughly a twentieth.
How many hours do trainee solicitors work?
It’s common for rookies to have a run of clocking off at 6:30pm followed by a series of days working until the early hours of the morning….Legal Cheek Trainee & Junior Lawyer Survey 2017-18 — average daily hours worked.
| LAW FIRM | AVERAGE DAILY HOURS |
|---|---|
| Kirkland & Ellis | 12:28 |
| Shearman & Sterling | 10:44 |
What does Clifford Chance pay?
Clifford Chance remunerates its newly qualified (NQ) solicitors a base rate of £107,500, excluding bonus.
How much do law firm partners get paid?
An experienced Law Firm Partner with 10-19 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$200,000 based on 9 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$215,000.
Which UK uni is best for law?
2. Best law schools in the UK – TopUniversities Subject Ranking 2021
- University of Oxford.
- University of Cambridge.
- London School of Economics and Political Science.
- University College London (UCL)
- King’s College London.
- University of Edinburgh.
- Queen Mary University of London.
- Durham University.
What is the Magic Circle of UK lawyers?
UK’s Magic Circle (MC) comprises leading and renowned law firms based in the heart of London. Currently, there are five MC firms: Clifford Chance, Linklaters, Freshfields Bruckhaus Deringer, Allen and Overy, and Slaughter and May. They are all highly reputable law firms but extremely competitive to get a training contract with.
What do magic circle law firms look for in a trainee?
This is what Magic Circle law firms look for in a potential legal trainee: ambition! Not only are these firms based in the heart of London, but they enable qualified lawyers or trainees to make and get the most out of their career.
Do you have what it takes to work for a magic circle?
If you want to work for a Magic Circle firm, you’ll need the passion, drive and, yes, the academics to have a fighting chance. It’s difficult and you won’t get a foot in the door unless you put in the hard work.
Who are the members of the Magic Circle?
Although a rather old-fashioned term, the phrase ‘the Magic Circle’ has only been used since the late 1990s; before then, the prestigious law firms were called the “Club of Nine”, and included Lovells (now Hogan Lovells), Norton Rose (now Norton Rose Fulbright), Herbert Smith (now Herbert Smith Freehills) and Stephenson Harwood.
