magic circle law firms' preferred universities

So this analysis isnt definitive, but our sample size is significant and indicative of broad recruitment trends. In this portion of the London market, we began to see a little more variety: fewer Oxbridge graduates, more from the remaining Russell Group members and a stronger showing from other UK universities. 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. 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. This cookie is set by linkedIn. It merged with Bruckhaus Westrick Heller Lober and Deringer Tessin Herrmann & Sedemund in 2000; Relevant experience in one or more of their practice areas. In three years the number of Oxbridge grads taken on by City firms has dipped by 2.5%. For example, Manchester and Nottinghams undergrad enrolments are much higher than that of St Andrews. Over three years, we have interviewed roughly 20% of all trainees in England and Wales. Out of these, Oxford and Cambridge came out on top, together accounting for almost a fifth of trainees surveyed. Oxford supplied the most trainee lawyers in 2016-18, with Cambridge in second place, followed by Bristol, Durham, Nottingham, Exeter and Warwick. The most noticeable change in the chart saw Manchester elevated to fourth place as opposed to tenth in London overall. The International Business law firms comprise CMS; Ashurst; Baker McKenzie; DLA Piper; Hogan Lovells; Jones Day; King & Wood Mallesons and Norton Rose Fulbright. We don't describe ourselves as a Magic Circle firm in any of our marketing material. This cookie is set by GDPR Cookie Consent plugin. If they did it, why can't you? Sign up to our regular updates! It may be time to reconsider the way we define and consider the so-called Magic Circle of elite U.K. firms. 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. Used by Microsoft as a unique identifier. This cookie is used by vimeo to collect tracking information. Thank you for registering your interest with these selected law schools. Slaughter and May. The subject that was studied can influence how a university appears. The further down you go, the more erratic it becomes. For example, Leicester runs a very well-regarded law degree, and so has a strong showing. 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. Between 2013 and 2015 we interviewed over 2,300 trainees for our True Picture reviews. Analytical cookies are used to understand how visitors interact with the website. A firm that has a high regional strength, for example, may be more inclined to hire a graduate from a local university and most of the applicants to that firm may, inevitably, be from the local area and may have attended a local university. The cookies is used to store the user consent for the cookies in the category "Necessary". And the mix was refreshingly eclectic: one of our interviewees had originally trained as a vet at the Royal Veterinary College; another was a musician who'd earned a degree at Trinity College of Music; and a couple had explored their artistic interests at the Courtauld Institute. Out of all the Oxford and Cambridge graduates we interviewed, over 80% bagged a contract at a City firm. Take our new Which Magic Circle Law Firm is Right For Me? These firms are some of the most prestigious in the . Linklaters lawyers and graduate recruiters share their advice. (Flip to the next page to read the full memo from Linklaters.) There isn't. The name first appeared in 2005 and was thought up by The Lawyer in response to the pre-existing phrase 'magic circle', used to describe the five leading firms headquartered in the UK. In nine years, law firms appetite for Oxbridge and Russell Group students has remained pretty much constant. This cookie is a browser ID cookie set by Linked share Buttons and ad tags. US firms in London had the highest percentage of Oxbridge and overseas graduates in the entire survey. Take our new Which Magic Circle Law Firm is Right For Me? Magic Circle members are extremely prestigious, and consistently rank among the highest earnings per partner and earnings per lawyer in the UK. Boost your law career for free. 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. 1. Another ray of hope: law firms are beginning to show that they're less obsessed with university name and grades. A breeze from overseasThe fortunes of overseas undergrads in our survey is interesting, in particular how they beat every UK university in the salaries table. US is pretty obvious except in cases where there was a transatlantic merger; wed still consider Hogan Lovells, NRF and BCLP City firms because of their strong London origins. This cookie is set by GDPR Cookie Consent plugin. Used to track the information of the embedded YouTube videos on a website. Remember everyone, we depend on your tips to stay on top of important bonus updates, so when . . You don't have to go to a top university (and by your definition the 'only top unis are Oxbridge') to work at a top law firm. The research shows 76 per cent of trainee lawyers at the UKs leading 139 law firms are Oxbridge and Russell Group graduates. The trope explained above that in the eyes of the more prestige-obsessed graduate, London is the be-all and end-all is visible here. We rarely encountered overseas graduates at the regional firms we researched. Quiz now! This cookie is set by LinkedIn and used for routing. This is not too surprising, as many of the largest national firms have a strong collection of offices in these areas. The prestige, the career opportunities, the money and the city itself combine to attract the brightest, hungriest graduates. A second group comprising Bristol, Nottingham and Durham made up 16% of all trainees in our research. How suitable are you and what do recruiters want? What's more, non-Russell Group trainees popped up in all of our categories. Oxbridge dominates, but there are some surprises. That said, some US firms are more comfortably positioned here, so they hire less aggressively and are less closed off to students outside of the Russell Group: our trainee interviewees in this category had attended universities such as Kingston, Leeds Beckett*, Aberystwyth and Bangor. Imperial College, meanwhile, concentrates heavily on science and technology subjects and so naturally features less prominently. idk01. The short answer is no. Those who argue that both university admissions and law firm hiring is meritocratic should take a look at our School Backgrounds of Trainees report, which showed that an undeniable bias towards privately educated graduates exists in the profession. For example, Manchester and Nottinghams undergrad enrolments are over three times the size of St Andrews. Number of Individuals Rankings in Chambers USA. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. Submit. All the resources you need to research law firms and barristers' chambers, which struggle themselves with a bias towards the privileged. In his career, he has practiced with the largest law firm (with an international affiliation) in Indonesia and one of the magic circle law firms in Singapore, with a stint at the firm's headquarter . This cookie is set by doubleclick.net. [4][5] In 2017 The Lawyer magazine stated that it no longer considers Slaughter and May to form part of the Magic Circle due to its lower revenues and UK domestic focus. E.g. King's College London A102 GEM 2023 Entry. [citation needed] As an aspiring solicitor, its likely that youll need to study a course with a leading law school in the not-too-distant future. Participating firms represent the more competitive half of the market: combined their trainee vacancies amount to over 2,500, which is over half all trainee positions going each year. Necessary cookies are absolutely essential for the website to function properly. 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 cookie is used to store the user consent for the cookies in the category "Analytics". The cookies store information anonymously and assign a randomly generated number to identify unique visitors. Lse Law magical circle I take. TSR Decisions Drop In 17th April - 5th May. The Chambers Student Guide survey recently published a study examining which universities law firms recruit most from. 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. 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. Learn more about this study here. 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. If, for example, you have mitigating circumstances which have affected your academic performance, a firm will take these into consideration during the application process. If theres a regional firm youre interested in, its still worth applying, highlighting what you would bring to the role. 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. Find out how they work - and how you can get one. And then the drop off after 2016 coincided with changes to student visas in the UK that made it more difficult to be an international student doing the LPC. You can accept or reject cookies which are not essential for the site to work by clicking on the Cookie settings below. Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. In essence, the silver circle refers to the band of firms that fall just . 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. Magic/Silver Circle law firms often require you to have a minimum of AAB at A-level. Regardless of which university you're at, concentrate on trying to tick all of the boxes. Everyone on TSR seems to go to Oxbridge, except a couple went to Oxford Brookes and Kings College. Scared about job prospects at Leicester uni. Almost half a century since crossing the Atlantic and opening in New York in 1977, leading law firm Freshfields announced the launch of its first California office in late 2020, hiring a multidisciplinary team from local firms and transferring two attorneys from Brussels and New York. Exploring trainee secondments and career moves into the Asia market. Used by Microsoft Advertising as a unique ID for visitors. Masaryk University; is it worth going as an international student? 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. 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. London is a global legal hub only rivalled by New York. 10. According to Bloomberg . This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. In the world of Commercial Law, you will often hear talk of 'Magic Circle' firms. So dont fret if youre at a uni outside the RG there were fewer training contract applicants. Overseas students were the top earners, according to the research, with an average newly qualified salary of 88,384. Masaryk University; is it worth going as an international student? The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". At these firms, we spoke to graduates of46 different universities. The firm has 570 partners and over 6,000 staff. 806 8067 22 Registered Office: Imperial House, 2nd Floor, 40-42 Queens Road, Brighton, East Sussex, BN1 3XB, Taking a break or withdrawing from your course, https://www.thebridgegroup.org.uk/research, https://www.chambersstudent.co.uk/law-firms/getting-a-training-contract/application-and-selection-criteria, https://www.chambersstudent.co.uk/where-to-start/newsletter/law-firms-preferred-universities-2019, https://static1.squarespace.com/static/5c18e090b40b9d6b43b093d8/t/5f0c68f926542b69be151b46/1594648828775/Admissions+to+law+schools+report+final.pdf, https://www.aograduate.com/virtual-campus-2020, https://www.chambersstudent.co.uk/where-to-start/newsletter/law-firms-preferred-universities, Is it even worth me applying to magic circle law firms. 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. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". All of the 'Magic Circle' law firms and barristers' Law firms' preferred universities - Chambers Student Guide Web 2016 report: what universities do law firms recruit most from? In 2013, The Lawyer argued that the term Magic Circle would lose its relevance, becoming "outmoded": "It will remain an easy shorthand to denote the UK-heritage firms with the biggest revenues, the most international work and which consistently outperform the rest of the [UK] market on profitability." There are also a number of options now available at some firms which do not follow the traditional training contract route. Could someone read this and share their thoughts and corrections? When we look at what replaces Doxbridge, we see universities in big cities with legal markets significant enough to keep graduates hanging around. Initially coined in the early 1990s, the Magic Circle is a collective term used to describe what many consider to be the leading UK-headquartered law firms - Allen & Overy, Clifford Chance, Freshfields, Linklaters and Slaughter and May. Over this period our sample size has increased along with the likelihood of new names entering. With this intriguing, informal nickname comes an increasingly high reputation; described by The Guardian writer Laura Paddison, theyre the firms that promise top graduates a glittering name on their CV, A-list corporate clients and excellent training. 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. (Part 2), Shared bathrooms student accommodation Southampton. E.g. In the past three years we've asked 2,300 trainees at 124 firms which university they went to. Here we plotted university background against eventual NQ earnings. It is also worth pointing out that different firms have different strengths, and thus do not all need the same type of candidate. Here are the results. In the past three years we've asked 2,300 trainees at 124 firms which university they went to. The order of universities changes depending on the market and region of the UK. The highly esteemed quintet are renowned for their pedigree in the most complex and high- profile mandates for the most significant clients, their outstanding financial performance and the highly impressive number of individual lawyers working across a multitude of practice areas offered. The arrival in Northern California demonstrates Freshfields' rapidly-growing strength in the USA, fuelled by a significant expansion in the number of its partners through lateral hiring. Quiz now! The research shows 76 per cent of trainee lawyers at . Is Linklaters the law firm for you? Do I need a law degree to get into the magic circle? 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.

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