PDF What counts as a 'good' university if I want to be a solicitor? The cookie is used to store the user consent for the cookies in the category "Performance". Quiz now! As firms recruit on a case to case basis, and are keen to make entering law as accessible as possible, the university you attend does not impact your application as long as you meet the rest of the criteria for that firm. 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. 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. 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. ", "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. 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). 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. For example, Leicester runs a very well-regarded law degree, and so has a strong showing. For those in their first-year of uni, now is the time to start thinking about getting . All the resources you need to research law firms and barristers' chambers, which struggle themselves with a bias towards the privileged. Magic Circle (law firms) - Wikipedia The further down you go, the more erratic it becomes. The biggest percentage jump was claimed by the non-Russell bunch: together they now accounted for almost a quarter of the trainees. Choosing a University Other Things to Consider. Make sure you've been consistently on track for that 2:1 (minimum); get yourself some relevant work experience, ideally at a firm; keep yourself abreast of what's happening in the wider world and how that may affect the industry; and build up your interpersonal charm those vital soft skills that are required in order to build rapport with clients and generate business. 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? 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. A list of the universities attended by partners at top City of London law firms has been published. We use cookies to provide you with a better online experience, to tailor advertising based on your browsing, and for statistics and measurements purposes. 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. War for talent among lawyers as US 'white shoe' firms step up presence Clifford Chance, headquartered in London, is one of the world's largest law firms, both by size and revenue. 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. Other firms have since followed suit, in a bid to help remove bias from the process and allow recruiters to focus solely on an individual's qualities and responses. As an aspiring solicitor, its likely that youll need to study a course with a leading law school in the not-too-distant future. The Chambers USA 2021 guide will be released in May 2021. Career change to Law contemplationwill I be too old at 33? Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. [2] It wrote "Slaughters fits the silver circle bill in every respect. Oxford and Cambridge toppled from the top spots and slipped down to 15thand 18thpositions respectively, accounting for less than 5% of the population. 999tigger. They will be in touch with you soon! But otherwise, the best advice we can give is to study a subject you care about career success is about passion, not playing a numbers game. The __gads cookie, set by Google, is stored under DoubleClick domain and tracks the number of times users see an advert, measures the success of the campaign and calculates its revenue. 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. Read one of these interviews with Magic Circle employees! Magic Circle members are extremely prestigious, and consistently rank among the highest earnings per partner and earnings per lawyer in the UK. Allen & Overy. But even these firms do not specify a particular university. How does a non-law graduate prepare for the SQE exams? What's more, non-Russell Group trainees popped up in all of our categories. Sign up for our newsletter to boost your commercial awareness. Rather than instantly concluding Russell Group unis are better for getting a training contract, its worth noting top unis are often the ones pumping out larger numbers of law students. Almost a third of lawyers at the UKs elite Magic Circle law firms attended Oxford or Cambridge universities, new data published today shows. E.g. The graph above implies theres a difference in average earnings between law and non-law grads, so we crunched the numbers and found this: the average NQ salary for non-law students is 72,551, 6% higher than the average NQ salary earned by law grads: 68,406. The Magic Circle of Law Firms | Chambers USA Legal Topics 12 Pro Interview Tips from a Magic Circle Partner 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. Will taking Further Maths as a third subject be a disadvantage to apply for uni? Is Clifford Chance the law firm for you? Magic circle law firm Clifford Chance has appointed The University of Law (ULaw) to help prepare its future trainees to sit the Solicitors Qualifying Exam (SQE), it confirmed today. Note the success of LSE which makes it onto the table every year but one. It is also worth pointing out that different firms have different strengths, and thus do not all need the same type of candidate. Its important to remember that this line isnt people from overseas, its just people who conducted their undergrad not in the UK. If you've got legal ambitions, our partner, The University of Law, has the right event for you. At most firms youll meet a balance of law and non-law grads. Is it even worth me applying to magic circle law firms, Scared about job prospects at Leicester uni. City heavies Clifford Chance and Macfarlanes set the ball rolling with 'CV blind' interviews; a recruitment method which (you guessed it) leaves interviewers in the dark about candidates' educational backgrounds. 76.5% of trainees at the leading 130+ firms are Oxbridge and Russell Group graduates, London universities topple Oxbridge for graduate earnings in law, Non-law graduates earn 6% more than law grads, Regional firms prefer regional universities. We also found that London attracted the highest proportion of overseas graduates. 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. and "At the end of the day we see ourselves as one of the leading global law firms, not one of the leading Magic Circle firms". 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. Its all about the grades, we hear and, rightly, firms conceal their preferences for certain universities. This cookie is set when an AdsWizz website visitor have opted out the collection of information by AdsWizz service or opted to disable the targeted ads by AdsWizz. The Student Room and The Uni Guide are both part of The Student Room Group. For example, Manchester and Nottinghams undergrad enrolments are over three times the size of St Andrews. Key differences between Magic Circle Law firms - Bright Network If, for example, you have mitigating circumstances which have affected your academic performance, a firm will take these into consideration during the application process. The cookie is used to store the user consent for the cookies in the category "Other. [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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Law firms' preferred universities 2019 - Chambers Student Guide Want a more specific insight into each of these firms? The majority of our trainee interviewees 81.4% hailed from a Russell Group university. 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. LLM? See more. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form. go to the ultimate magic circle guide now. 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. Copyright 2023 Legal Cheek Ltd. All Rights Reserved. LPC? But the highest salaries in the business and top-notch commercial work also demand stamina and an appetite for long hours and hard work, more than any other city. To help you make an informed decision, wed like to put you in touch with our partner law schools. The short answer is no. Top UK law firms | Prospects.ac.uk Arguably for this reason, it was not included in the initial Magic Circle. Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox. London is a global legal hub only rivalled by New York. 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. Guys, do you prefer to be called hot or handsome? Oxbridge grads make up a quarter of London trainees and a fifth of all trainees. Applying for Clifford Chance's Training Contract [2023] - WikiJob 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. If youre an aspiring solicitor, youve almost certainly heard of the Magic Circle law firms. What happens if i dont get my A-level predicted grades for Rice University? At these firms, we spoke to graduates of46 different universities. The Russell Group dominates the market at 81.4%. Oxford and Cambridge feature considerably lower outside London. 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. The cookies store information anonymously and assign a randomly generated number to identify unique visitors. The cookies is used to store the user consent for the cookies in the category "Necessary". Thats up from 85 in our 2013-2015 research and from 76 in our 2010-2012 research. We found that universities like Northumbria, Kent, Reading, UEA and UWE played a much greater role in supplying trainees to national and regional firms. If they did it, why can't you? Analytical cookies are used to understand how visitors interact with the website. Law firms' preferred universities - Chambers Student Guide This might reassure the non-law grads that theyre not starting their careers on the back foot, and should certainly encourage wavering GDL applicants. How likely is a UK property market crash and what IS happening with house prices? The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. E.g. Considered the oldest international law firm in the world; Original partner Samuel Dodd was appointed solicitor to the Bank of England Freshfields have continued to be the legal advisor to the bank ever since; Appointed the first legal services provider to the London 2012 Olympic and Paralympic Games. We could stop our investigation right here: the law is demanding, intellectually rigorous and it needs capable graduates see graph. Part of the Dukes Education family Together we're extraordinary. Almost a third of trainee lawyers at elite Magic Circle law firms The West Coast office launches, which mark the first venture into California by a member of the Magic Circle since Clifford Chance shuttered its 5-year old offices in 2007, reversed a recent trend in the London market, where expansive US-headquartered firms . "[6][7] Nonetheless, other commentators still consider Slaughter and May to be a member of the Magic Circle. 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, . 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. Amlaw 100 Amlaw 200 Global 200 NLJ 500 A-List Diversity Scorecard Go-to Law Schools . Find out about the prestigious firms that make up this elite group below To work in a Silver/Magic Circle law firm, do you need to have - Quora Clifford Chance appoints ULaw as exclusive SQE prep course provider 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. 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. In the past three years we've asked 2,300 trainees at 124 firms which university they went to. This cookie can only be read from the domain they are set on and will not track any data while browsing through other sites. 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. 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. Going to University: A Student's Perspective. Find out how they work - and how you can get one. Big Three law firms, an informal term for leading law firms in New Zealand. The figures were compiled by the Chambers Student Guide from interviews with 2,500 trainee lawyers over the last three years. Magic circle if you havent heard this term before, welcome to the UK legal market, heres a primer. Read one of our most popular free guides - Magic Circle Law Firms: The Ultimate Guide - here! In the world of Commercial Law, you will often hear talk of 'Magic Circle' firms. When we leave London, we find Oxbridge only coming in at ninth and tenth on the chart. This cookie is to identify the source of a visit and store user action information about it in a cookies. We meet many law firms at far-flung universities and can see the efforts they make to get in front of a diverse student group. TSR Decisions Drop In 17th April - 5th May. Another ray of hope: law firms are beginning to show that they're less obsessed with university name and grades. What happens if i dont get my A-level predicted grades for Rice University? Lse Law magical circle I take. It is worth doing some research to see if this is an option for you. King's College London A102 GEM 2023 Entry. 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. 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. But which universities do Magic Circle Firms really recruit from? London is a global legal hub only rivalled by New York. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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). 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. Next: How to choose your perfect law firm >>. Instead this is simply the raw data broken down. 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. This is a analytic and behavioural cookie used for improving the visitor experience on the website. 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. 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. 80 universities were mentioned by non-City trainees compared to just 67 mentioned by their City counterparts. 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. Almost a third of lawyers at the UK's elite Magic Circle law firms attended Oxford or Cambridge universities, new data published today shows. Although Oxbridge students make up less than 1% of each years graduating class, they made up a whopping 15.4% of all our trainee lawyer interviewees. 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 term has also been used to describe the most prestigious barristers' chambers in London. Also, at the time the term was coined, the corporate practice at Herbert Smith (as it was known pre-merger) was focused on privatisation work, which had dried up. Boost your law career for free. 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. Best universities for magic circle law firms - The Student Room On our D&I platform we'll be taking a thorough look at legal industry issues. Oxbridge grads make up a quarter of London trainees and a fifth of all trainees. 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. If youre looking for firsthand interview tips from a Magic Circle partner, make sure to look at our blog post 12 Pro Interview Tips from a Magic Circle Partner with all the practical advice you need to have your best interview yet! In three years the number of Oxbridge grads taken on by City firms has dipped by 2.5%. BTEC Business Unit 6 (Principles or Management) May 2nd Resit (2023), Which poems from love and relationships should i memorise? We interviewed a sample of 7000 (exactly!) Following a . [1] The Club of Nine was an informal group of law firms that comprised Allen & Overy; Clifford Chance; Freshfields (now Freshfields Bruckhaus Deringer); Herbert Smith (now Herbert Smith Freehills); Linklaters; Lovells (now Hogan Lovells); Norton Rose (now Norton Rose Fulbright); Slaughter and May; and Stephenson Harwood. Eight musts for training contract applications, How to succeed at interviews and assessment days, True confessions of a training contract applicant. Magic Circle Interview Tips: Things to Be Aware of . They can give you all the details you need about course fees, funding options and more. What do they look for in Linklaters training contract candidates? Chambers Student, the students companion to the legal profession, gives the truth about law firms and the Bar. Get on a law firm work experience programme. Copyright The Student Room 2023 all rights reserved. The subject that was studied can influence how a university appears. As readers will of course know, the magic circle comprises Linklaters, Slaughter and May, Allen & Overy, Clifford Chance and Freshfields. Incidentally, Oxford (24%) did better than Cambridge (20%). We expect that more firms will adopt techniques like this in the years ahead as they acknowledge the need to be more diverse. I don't know where the term came from or who founded it. 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. It seems to be a term to describe the leading City firms and there is some truth in it. Do firms look at your university during the application process? Necessary cookies are absolutely essential for the website to function properly. If youre wondering whether to do an LLB or a non-law degree then GDL, your answer may lie below. At the time, Herbert Smith was languishing in the corporate stakes, and so was consigned to the outer darkness. E.g. During my Year 13 work experience, I spoke to trainee solicitors at LinkLaters & Clifford Chance; both people seemed very normal, in fact they actually appeared to be fairly shy when I was talking to them. What's more, such large law firms usually give their employees a narrower remit - meaning that they suit those who are certain of their preferred specialism. The number of universities that trainees hailed from was up by 14% compared to our last report three years ago. Visit the guide page below for more information. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. James is a dual-qualified practitioner in both civil law (an advocate in Indonesia) and common law legal systems (a solicitor in England & Wales). 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! This cookie is a browser ID cookie set by Linked share Buttons and ad tags.
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