All the resources you need to research law firms and barristers' chambers, We interviewed over 2,500 trainees for our True Picture reviews over the past three years and recorded the university where each one of them completed their undergraduate degree. If youre wondering whether to do an LLB or a non-law degree then GDL, your answer may lie below. In nine years, law firms appetite for Oxbridge and Russell Group students has remained pretty much constant. The International Business law firms comprise CMS; Ashurst; Baker McKenzie; DLA Piper; Hogan Lovells; Jones Day; King & Wood Mallesons and Norton Rose Fulbright. Can you do anything with a 2:1 in Oxford law? 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. The remaining Russell Group universities were also represented strongly, while interviewees from other UK universities were comparatively low. ", "Freshfields in the US: Don't call us magic circle", "Linklaters' Simon Davies: "The magic circle isn't what it used to be", "Revealed: The magic circle's barristers chambers of choice", "An obituary for the term 'Big 6' law firms in Australia", "Elite 'red circle' firms Zhong Lun and Jun He plot merger as consolidation grips China legal market", https://en.wikipedia.org/w/index.php?title=Magic_Circle_(law_firms)&oldid=1134664562. [19] Similarly, in 2014, Linklaters then managing partner, Simon Davies, said "The Magic Circle isnt what it used to be in the context of the US market or any market. This is despite Oxbridge students making up less than one per cent of each years graduating class. With the exception of Slaughter and May, which closed its New York base in 2004 and eschews international offices beyond its Brussels, Beijing and Hong Kong locations, all four remaining Magic Circle firms are rapidly emerging as major competitors in the US, each boasting an increasing number of elite, Chambers-ranked attorneys across a diverse range of practice areas. 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. The Chambers Student Guide survey recently published a study examining which universities law firms recruit most from. Who are the Silver Circle Law Firms? 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. [1], In contrast to the Club of Nine, the Magic Circle is no informal grouping of law firms. And by the way, just 1.8% of the UKs student population of 2,266,075 study at the universities of Oxford or Cambridge. Its all about the grades, we hear and, rightly, firms conceal their preferences for certain universities. Quiz now! For those in their first-year of uni, now is the time to start thinking about getting . No surprises here. As an aspiring solicitor, its likely that youll need to study a course with a leading law school in the not-too-distant future. 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. What's more, non-Russell Group trainees popped up in all of our categories. Meanwhile, Allen & Overy also saw the arrivals of Paul Keller and Adam Sofen in 2020, from Norton Rose Fulbright and Sullivan & Cromwell respectively, while Clifford Chance added Department of Justice antitrust chief Peter Mucchetti and Linklaters welcomed Schulte Roth investment funds partner Brad Caswell last year. A second group comprising Bristol, Nottingham and Durham made up 16% of all trainees in our research. 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. 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. This cookie is set by GDPR Cookie Consent plugin. You can find all of the answers to these questions using our free guide start reading below! The impressive growth of law firms expanding their coverage across the United States. 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. London is a global legal hub only rivalled by New York. Clifford Turner advised on the creation of John Lewis Partnership in 1929; Became the first major non-US firm to practice US law; In 2000, became the worlds first global law firm with the tripartite merger with Germanys Punder Volhard Weber & Axter and New Yorks Rogers & Wells. The ANONCHK cookie, set by Bing, is used to store a user's session ID and also verify the clicks from ads on the Bing search engine. Here we plotted university background against eventual NQ earnings. Almost a third of lawyers at the UKs elite Magic Circle law firms attended Oxford or Cambridge universities, new data published today shows. We interviewed over 2,500 trainees for our True Picture reviews over the past three years and recorded the university where each one of them completed their undergraduate degree. Amlaw 100 Amlaw 200 Global 200 NLJ 500 A-List Diversity Scorecard Go-to Law Schools . (Part 2), Shared bathrooms student accommodation Southampton. Oxfords graduates earned an average 71,120, Kings College London graduates 74,512, University College London graduates 72,814 and Cambridge graduates 72,457. 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. Got questions about the SQE? For example, Manchester and Nottinghams undergrad enrolments are much higher than that of St Andrews. Wondering what the salary is like for a Magic Circle trainee? [3], In 2004, Slaughter and May's then senior partner, Tim Clark, said: "It's a funny concept. However, entry into the Magic Circle is . This group fragmented at the beginning of the 2000s, and now comprises the five that now make up the Magic Circle, a term coined by legal journalists. This is not too surprising, as many of the largest national firms have a strong collection of offices in these areas. 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. 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 . (Part 2), Shared bathrooms student accommodation Southampton. To grasp these nuances, let's take a closer look at these distinct areas. The range of universities feeding the market grew by 14% in three years. Could someone read this and share their thoughts and corrections? The most noticeable change in the chart saw Manchester elevated to fourth place as opposed to tenth in London overall. What are you looking for? Slaughter and May. Want a more specific insight into each of these firms? This cookie is set by LinkedIn and used for routing. Is Linklaters the law firm for you? For most firms, a 2:1 is the standard academic expectation, but neither the degree title or the university you obtain the degree from is specified. This elite group of London law firms specialises in corporate and finance work and this enables them to be involved in multi-billion pound deals and to boast massive profits each year. Advised on the first hostile takeover in the City of London; Arranged the first Eurobond in the 1960s; Introduced one of the first schemes to allow full equity partners to work part-time; First global law firm to open an office in Morocco; The only law firm to be named the most innovative in Europe by the Financial Times 3 times. It really isn't about uni, firms want to distance themselves from the oxbridge stereotype and simply want the best candidates regardless of who is awarding your degree 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). 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. Travers Smith, Herbert Smith Freehills, London refers to firms that are London-based and dealing with mid-sized organisations usually doing anything other than global corporate finance sectors like IP, media, real estate, human rights, employment, personal injury, public law. This cookies is set by Youtube and is used to track the views of embedded videos. Freshfields and Allen & Overy now boast similar numbers of ranked partners to Clifford Chance, whose historic focus on the US market, including its merger with New York-based Rogers & Wells in 2000, had seen it edge ahead of its compatriots in the Magic Circle. How suitable are you and what do recruiters want? The further down you go, the more erratic it becomes. GCSE AQA LIT. Less established US firms concentrate their recruitment efforts on the 'top' universities in order to increase their prestige and position in the London market. The prestige, the career opportunities, the money and the city itself combine to attract the brightest, hungriest graduates. 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. Below are the 30 universities that were most frequently cited. Since employability is a factor in a universitys status and funding, this is a convenient relationship for both the firms and the universities, so its hard to break. Take our new Which Magic Circle Law Firm is Right For Me? For instance, Freshfields and Allen & Overy now enjoy local rankings in California, a fiercely contested market traditionally dominated by homegrown firms. This will skew the results in favour of the larger institutions. It may be time to reconsider the way we define and consider the so-called Magic Circle of elite U.K. firms. What universities do Magic Circle Firms recruit from. Both Notts grads and Bristolians showed a pretty even split between city and non-city firms, but Durham grads showed an almost 75% preference for working in the city. To help you make an informed decision, wed like to put you in touch with our partner law schools. The Student Room and The Uni Guide are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. The Silicon Valley outpost is headed by Chambers-ranked capital markets attorney Sarah Solum, who arrived from Davis Polk, and includes highly rated securities litigation partners Boris Feldman and Doru Gavril from Wilson Sonsini, up-and-coming corporate attorney John Fisher from Sidley Austin and Latham & Watkins' employee benefits partner Maj Vaseghi. Throughout your education each of these three elements will develop the other two its what employers mean by well-rounded. Learn more about this study here. Its encouraging, but as we can see from nine years of tracking this data, progress is happening slowly. Thank you for registering your interest with these selected law schools. Find out how they work - and how you can get one. If, for example, you have mitigating circumstances which have affected your academic performance, a firm will take these into consideration during the application process. Magic is in the air at this Biglaw firm! Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. A list of the universities attended by partners at top City of London law firms has been published. In three years the number of Oxbridge grads taken on by City firms has dipped by 2.5%. 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). ", "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. If you've got legal ambitions, our partner, The University of Law, has the right event for you. 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. Remember everyone, we depend on your tips to stay on top of important bonus updates, so when . [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. Guys, do you prefer to be called hot or handsome? Since employability is a factor in a universitys prestige, this is a convenient relationship for both the firms and the universities, so its hard to break. Do firms look at your university during the application process? Other notable unis that dont make it into our frontrunners graph are Birmingham, Sheffield and Newcastle, who all appear in the top 20 every single year. There is a 25% difference with regard to Revenue Per Lawyer. 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. It seems to be a term to describe the leading City firms and there is some truth in it. The term has also been used to describe the most prestigious barristers' chambers in London. Privacy Policy of each partner law school I have selected above. 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. Hi all, After doing some research on the percentage of students from different universities at. Freeths, Cripps, Threthowans, Ashfords, National defines a firm that has strong regional presence as well as a head office or strong presence in London. 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. Oxford and Cambridge feature considerably lower outside London. At these firms, we spoke to graduates of 68 universities. 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. Could someone read this and share their thoughts and corrections? London School of Economics and the School of Oriental and African Studies were next, with graduates earning an average of 86,885 and 80,972 respectively. When I heard that my university was holding an exclusive lecture by a former Magic Circle firm partner on how to impress at a legal interview, . 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.
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