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. 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 feature was first published in February 2016, Read our True Picture review of 130 top law firms, The school background of trainee solicitors. Choosing a University Other Things to Consider. Those from other UK universities formed around one seventh of the total, while overseas graduates made up roughly a twentieth. [1] Generally, the Magic Circle firms have among the highest earnings-per-partner and earnings-per-lawyer of UK-headquartered law firms. The impressive growth of law firms expanding their coverage across the United States. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. Find out about the prestigious firms that make up this elite group below This cookie is set by linkedIn. Clifford Chance. Over three years, we have interviewed roughly 20% of all trainees in England and Wales. And by the way, just 1.8% of the UKs student population of 2,266,075 study at the universities of Oxford or Cambridge. The Student Room and The Uni Guide are both part of The Student Room Group. All some of the top lawyers working for their respective law firms. 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. 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. We interviewed a sample of 7000 (exactly!) Take our new Which Magic Circle Law Firm is Right For Me? The pair both took around 2% each of the 2016-2018 trainee sample. London-centric, sky-high PEP, top-tier work, an aura of prestige: Slaughter and May is far more like Macfarlanes than the Magic Circle quartet it is commonly lumped in with. Oxford and Cambridge moved down the chart in all areas (and sometimes disappeared from it altogether). [1], The Silver Circle is an informal term for perceived elite corporate law firms headquartered in the United Kingdom that are the main competitors for the Magic Circle in the United Kingdom. Linklaters. Even the top law firms do not specify attending a particular university, or particular group of universities in their application process. 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. 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. Out of all the Oxford and Cambridge graduates we interviewed, over 80% bagged a contract at a City firm. ORW. The purpose of the cookie is to enable LinkedIn functionalities on the page. Instead they're becoming more interested in simply sourcing candidates with the right qualities to make them a great lawyer. But read on and the analysis by recruiter Laurence Simons of 1,147 senior lawyers LinkedIn profiles reveals that some Russell Group universities produce massively more leading City firm partners than others. 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. "[1], In 2013, The Lawyer argued that Clifford Chance and Slaughter and May should no longer form part of the Magic Circle. Everyone on TSR seems to go to Oxbridge, except a couple went to Oxford Brookes and Kings College. For example, Leicester runs a very well-regarded law degree, and so has a strong showing. Initially, the Magic Circle's membership was described by commentators as comprising the UK firms with strong corporate practices or international work. What universities do Magic Circle Firms recruit from. Magic circle if you havent heard this term before, welcome to the UK legal market, heres a primer. NQuids inThe university you attend does determine your employability and earning power, but prestige isnt everything, as a glance at this table below will show. 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. The firm was swiftly joined on the Pacific Coast by Magic Circle rival Allen & Overy, which burnished its signature credentials in complex financing work through the addition of a renewables-focused project finance team from Akin Gump in Los Angeles, including ranked partners Daniel Sinaiko, Matthew Nesburn and Andrea Wang Lucan, as well as adding the highly-rated John Marciano in Washington, DC. Is Linklaters the law firm for you? They are the five UK-based firms considered to be amongst the most prestigious in the world. Slaughter and May. And how can you get to work for them? Below is a chart of the top 20 most common universities that cropped up in our research over the past nine years. The cookie is used to store the user consent for the cookies in the category "Other. Increase your chances of success at an assessment centre. The Student Room and The Uni Guide are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. How many we interview depends on the size of the firm - we might talk to every trainee a smaller firm has, and maybe as many as 20 in the magic circle firms. These firms are some of the most prestigious in the . For more detailed information about the cookies we use, see our. Why are there so many Oxbridge trainees? If you've got legal ambitions, our partner, The University of Law, has the right event for you. The term was coined by legal reporters in the 1990s[1] and is generally considered to include the following five law firms: Allen & Overy; Clifford Chance; Freshfields Bruckhaus Deringer; Linklaters; and Slaughter and May. There are also a number of options now available at some firms which do not follow the traditional training contract route. It shows that a whopping 44% of partners at firms in the magic and silver circle attended . Also worth mentioning are Southampton, Edinburgh and Cardiff, which appear almost every year too. It may be time to reconsider the way we define and consider the so-called Magic Circle of elite U.K. firms. What do they look for in Slaughter and May training contract candidates? If your university doesnt rank highly in our report, should you be concerned? This cookie is native to PHP applications. During my nine weeks of legal experience, I had the opportunity to experience seven different practice areas, which helped me understand which seats I would be most interested in upon starting a training contract . Durham is the best out of your choices, but all will be fine, all are Russell Group and are visited by the magic circle firms. This website uses cookies to improve your experience while you navigate through the website. They can give you all the details you need about course fees, funding options and more. The first City law firm to establish a presence in Hong Kong; The only law firm to have been involved in almost every aspect of the UK financial crisis; Law Work Experience: Your Guide to Success, Pupillage: a Guide for Aspiring Barristers, Freshfields Graduate Recruitment: Law Training Contracts, Which Magic Circle Law Firm is Right For Me? Solicitor Apprenticeships are one such example, and are an alternative to attending university, meaning that you can get started with a legal career without even attending university. 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. 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). The cookie is set by the email marketing service MailChimp. 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. Durham has taken a slide too. 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. Manchester University dominates the national firms market. This information is used to compile report and improve site. 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! 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. If you have a look at the Law section there are several official lists based on reputation, partnership prospects, relationship success and salary expectations compiled by experts with their fingers on the pulse of the MC. This page was last edited on 19 January 2023, at 22:04. Here are the results. This cookie is set by GDPR Cookie Consent plugin. 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. 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 . At these firms, we spoke to graduates of 36 universities. The further down you go, the more erratic it becomes. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Copyright The Student Room 2023 all rights reserved. Amlaw 100 Amlaw 200 Global 200 NLJ 500 A-List Diversity Scorecard Go-to Law Schools . This will skew the results in favour of the larger, less specialist institutions. To help you make an informed decision, wed like to put you in touch with our partner law schools. Do I need a law degree to get into the magic circle? Most sources from overseas flocked to London's largest players and US firms operating in the capital places that especially value trainees with international backgrounds and additional language skills. Oxford and Cambridge feature considerably lower outside London. The Student Room and The Uni Guide are both part of The Student Room Group. As a result, there are certain universities that you won't find mentioned here (such as Wolverhampton, Glamorgan, Birmingham City etc..) Their absence doesn't mean that these universities failed to produce any trainees in three years just that we didn't encounter any in our interviews. Imperial College, meanwhile, concentrates heavily on science and technology subjects and so naturally features less prominently. 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. Sign up to our regular updates! What do they look for in Clifford Chance training contract candidates? Masaryk University; is it worth going as an international student? At the time, Herbert Smith was languishing in the corporate stakes, and so was consigned to the outer darkness. DLA Piper, Eversheds, Shoosmiths, Trowers & Hamlins. How likely is a UK property market crash and what IS happening with house prices? Sal Francis Morton, senior research analyst at Chambers Student Guide, said: 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. When we overlay the two graphs, City and non-City, on top of each other, we see regional firms showing less of a penchant for any particular university. What sets them apart from other firms? Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. I dont think its going to gain power or momentum and I dont think its a strengthening brand in itself." 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). 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. However, almost 30% of our overseas sources gained their degree in the Republic of Ireland. We interview a random selection of trainees at 125 law firms. We could stop our investigation right here: the law is demanding, intellectually rigorous and it needs capable graduates see graph. For example, Manchester and Nottinghams undergrad enrolments are much higher than that of St Andrews. Who are the Silver Circle Law Firms? A second group comprising Bristol, Nottingham and Durham made up 16% of all trainees in our research. Read one of our most popular free guides - Magic Circle Law Firms: The Ultimate Guide - here! 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. However, entry into the Magic Circle is . This cookie is set by GDPR Cookie Consent plugin. It seems to be a term to describe the leading City firms and there is some truth in it. Learn more about this study here. 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. This cookie is set by LinkedIn and used for routing. All the resources you need to research law firms and barristers' chambers, which struggle themselves with a bias towards the privileged. To grasp these nuances, let's take a closer look at these distinct areas. Going to University: A Student's Perspective. Throughout your education each of these three elements will develop the other two its what employers mean by well-rounded. While Magic Circle firms have long been considered fixtures of the US legal market since opening their doors in New York almost half a century ago, the recent glut of hiring and lateral expansion can be seen as an acceleration of these firms' attempts to crack the US market in a much bigger and more eye-catching way. 'You should be on track for, or have obtained, a 2:1 degree minimum.' 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. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. The Magic Circle includes Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May. 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. This will skew the results in favour of the larger institutions. Our interviewees came from a total of 88 universities over the past three years. Here are the results. If they did it, why can't you? The . 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. [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. The prestige, the career opportunities, the money and the city itself combine to attract the brightest, hungriest graduates. Arguably for this reason, it was not included in the initial Magic Circle. The firm has 570 partners and over 6,000 staff. Could someone read this and share their thoughts and corrections? InvestmentBankin. Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox. There are grads from Oxbridge, Durham, Nottingham, Brum, Cardiff, Bristol, Leeds, UCL, LSE, Kings, Sheffield, York, Newcastle, Exeter and tons more from different universities within the UK working at top law firms. 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. . Is Clifford Chance the law firm for you? Read one of these interviews with Magic Circle employees! It's mainly something that comes up when we talk to journalists or they talk to us. A list of the universities attended by partners at top City of London law firms has been published. If youre an aspiring solicitor, youve almost certainly heard of the Magic Circle law firms. 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. 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. Clearly some universities will give you an advantage, but its worth remembering that there are three main variables to anyones employability: the value of your education; your personal experience; and your character. This domain of this cookie is owned by Vimeo. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. It does not store any personal data. The purpose of this cookie is to synchronize the ID across many different Microsoft domains to enable user tracking. At the time, these firms were Allen & Overy; Clifford Chance; Freshfields Bruckhaus Deringer; Linklaters; and Slaughter and May. The cookie helps in reporting and personalization as well. 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.. Will taking Further Maths as a third subject be a disadvantage to apply for uni? There is a 25% difference with regard to Revenue Per Lawyer. from the 139 firms featured in our guide since 2010. 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. Can you do anything with a 2:1 in Oxford law? 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. We then combined this with our data all the way back to 2010, when most of the current. (Flip to the next page to read the full memo from Linklaters.) Next: How to choose your perfect law firm >>. The data below is drawn from the entirety of our research in the years 2010, 2011 and 2012. At these firms, we spoke to graduates of46 different universities. Who has been hit hardest by 21bn of pandemic fraud, and will the taxpayer EVER get it back? A commitment to a career in international commercial law; A commitment to and clear articulation of why you want to work at Allen & Overy; Commercial awareness of both the law and business; Genuine interest and a motivation towards a career in commercial law; The name Freshfields was introduced by James William Freshfield. From Jamaica to Australia, from Brazil to Ukraine: our interviewees in this category came from all over the world. 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! Take our new Which Magic Circle Law Firm is Right For Me? Copyright The Student Room 2023 all rights reserved. This cookie is to identify the source of a visit and store user action information about it in a cookies. Non-city firms are pulling in trainees from a wider array of universities. The remaining Russell Group universities were also represented strongly, while interviewees from other UK universities were comparatively low. Contrary to what the term Silver Circle may suggest, there is no Golden Circle. What do they look for in Linklaters training contract candidates? This cookie is installed by Google Analytics. The biggest percentage jump was claimed by the non-Russell bunch: together they now accounted for almost a quarter of the trainees. 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 .
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