Oxford and Cambridge feature considerably lower outside London. [3], In 2004, Slaughter and May's then senior partner, Tim Clark, said: "It's a funny concept. 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. We don't describe ourselves as a Magic Circle firm in any of our marketing material. The majority of our trainee interviewees 81.4% hailed from a Russell Group university. TSR Decisions Drop In 17th April - 5th May. Number of Individuals Rankings in Chambers USA. How does a non-law graduate prepare for the SQE exams? The purpose of the cookie is to determine if the user's browser supports cookies. But opting out of some of these cookies may have an effect on your browsing experience. 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. Everyone on TSR seems to go to Oxbridge, except a couple went to Oxford Brookes and Kings College. Oxfords graduates earned an average 71,120, Kings College London graduates 74,512, University College London graduates 72,814 and Cambridge graduates 72,457. 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. 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. 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. All some of the top lawyers working for their respective law firms. These cookies track visitors across websites and collect information to provide customized ads. What happens if i dont get my A-level predicted grades for Rice University? 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. However, this doesnt mean that they exclusively hire local candidates. Take our new Which Magic Circle Law Firm is Right For Me? Why are there so many Oxbridge trainees? You can find all of the answers to these questions using our free guide start reading below! A natural target for go-getters London may be, but theres a mutual attraction going on. If, for example, you have mitigating circumstances which have affected your academic performance, a firm will take these into consideration during the application process. 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. Durham has taken a slide too. Registered in England and Wales with Company Number 08037587. The research shows 76 per cent of trainee lawyers at . We could stop our investigation right here: the law is demanding, intellectually rigorous and it needs capable graduates see graph. The number of universities that trainees hailed from was up by 14% compared to our last report three years ago. What sets them apart from other firms? [22], Impact of globalisation and relevance of the term, List of largest United Kingdom-based law firms, "One Essex Court is the 'go-to' set for litigation heavyweights", "Is this the end of the 'Magic Circle' brand? The short answer is no. 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. It argued that Clifford Chances profitability does not match the other Magic Circle firms, and that Slaughter and May operates a different (UK-focused) model, with revenue less than half of the other Magic Circle firms. They will be in touch with you soon! Take our new Which Magic Circle Law Firm is Right For Me? 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. idk01. So we cant conclude that the law firms have hired from a more diverse range of universities: whatever progress has happened beyond the Russell Group, its not significant. BTEC Business Unit 6 (Principles or Management) May 2nd Resit (2023), Which poems from love and relationships should i memorise? Who has been hit hardest by 21bn of pandemic fraud, and will the taxpayer EVER get it back? 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. Over the nine years, Oxford and Cambridge dominate training contract recruitment with some consistency, followed by Durham, Bristol and Nottingham. See more. The remaining Russell Group universities were also represented strongly, while interviewees from other UK universities were comparatively low. 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. Those winning a hotly contested training contract at a Magic Circle firm can expect to be richly rewarded, with all five firms increasing compensation for newly qualified lawyers to over 100,000 this summer. If you've got legal ambitions, our partner, The University of Law, has the right event for you. Submit. This is used to present users with ads that are relevant to them according to the user profile. 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. Moreover, all four Magic Circle firms with US-based operations continue to increase their presence in the 2021 Guide, notably, in areas beyond their traditional areas of expertise in cross-Atlantic transactional and regulatory mandates. It's the full package that recruiters are after: the more you prove you can offer that, the less your university will matter. 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. Chambers Student, the students companion to the legal profession, gives the truth about law firms and the Bar. 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. 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. Conducted over a period of three years, the survey data was based on 2,300 interviews with trainees at 124 law firms. Clifford Chance. 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. 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. These firms are some of the most prestigious in the . InvestmentBankin. At these firms, we spoke to graduates of46 different universities. They can give you all the details you need about course fees, funding options and more. Can you do anything with a 2:1 in Oxford law? 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. 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. All of the 'Magic Circle' law firms and barristers' chambers specialise primarily in corporate law. We know that anyone can become a lawyer, regardless of where they completed their undergraduate degree. It does not correspond to any user ID in the web application and does not store any personally identifiable information. [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. 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. 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. 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, . Manchester University dominates the national firms market. 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? 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. In the world of Commercial Law, you will often hear talk of 'Magic Circle' firms. 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. City firms are either more selective, or targeted more heavily by Russell Group students. PGDL? Over three years, we have interviewed roughly 20% of all trainees in England and Wales. Allen & Overy. The schemes gave me invaluable insight into working in a law firm, and the different practice areas that were on offer. It is the The cookie is set by embedded Microsoft scripts. When we leave London, we find Oxbridge only coming in at ninth and tenth on the chart. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Select the law schools youd like to hear from. Throughout your education each of these three elements will develop the other two its what employers mean by well-rounded. Linklaters lawyers and graduate recruiters share their advice. 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. This domain of this cookie is owned by Vimeo. What happens if i dont get my A-level predicted grades for Rice University? What universities do Magic Circle Firms recruit from. All the resources you need to research law firms and barristers' chambers, which struggle themselves with a bias towards the privileged. This cookie is set by GDPR Cookie Consent plugin. These universities frequently rivalled or overtook Oxbridge in the charts. This survey gives the real story on entry requirements. 1. Scared about job prospects at Leicester uni. 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. Overseas students were the top earners, according to the research, with an average newly qualified salary of 88,384. Note the success of LSE which makes it onto the table every year but one. A list of the universities attended by partners at top City of London law firms has been published. 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. And how can you get to work for them? Universities outside of the Russell Group came to the fore, particularly Northumbria in the North East; Lancaster in the North West; Nottingham Trent in the Midlands; UWE and Plymouth in the South West; and Kent, UEA and Reading in the South/Thames Valley. This feature was first published in February 2016, Read our True Picture review of 130 top law firms, The school background of trainee solicitors. The subject that was studied can influence how a university appears. What universities have lawyers at the top firms attended? Oxford, Cambridge and definitely Durham dont have big legal markets. We rarely encountered overseas graduates at the regional firms we researched. E.g. 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! What do they look for in Linklaters training contract candidates? Is Linklaters the law firm for you? This will skew the results in favour of the larger institutions. Take our new Which Magic Circle Law Firm is Right For Me? 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. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". 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). And is it necessary to attend one to stand a chance of securing a job at one of these firms? Lse Law magical circle I take. 999tigger. In nine years, law firms appetite for Oxbridge and Russell Group students has remained pretty much constant. Career change to Law contemplationwill I be too old at 33? 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. At these firms, we spoke to graduates of58 universities. 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. Sign up for our newsletter to boost your commercial awareness. James is a dual-qualified practitioner in both civil law (an advocate in Indonesia) and common law legal systems (a solicitor in England & Wales). Out of these, Oxford and Cambridge came out on top, together accounting for almost a fifth of trainees surveyed. 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. 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. It sets a unique ID to embed videos to the website. 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. 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. This is not too surprising, as many of the largest national firms have a strong collection of offices in these areas. It does not store any personal data. 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. This cookie is set by GDPR Cookie Consent plugin. If your university isn't ranked highly on our charts, or doesn't appear at all, don't despair: it's likely that graduates from this particular institution have had greater success bagging training contracts at smaller firms. 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. LPC? They are way more likely to make it to the top of such firms than graduates of Newcastle, Liverpool, Cardiff, Queens Belfast and Queen Mary University of London, which each account for just 1% of Russell Group partners. If youre an aspiring solicitor, youve almost certainly heard of the Magic Circle law firms. 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 . Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. Sign up to our regular updates! Going to University: A Student's Perspective. Want to impress interviewers with your commercial awareness prowess? This cookies are used to collect analytical information about how visitors use the website. London is at about $900,000 and New York's RPL is about $1.1 million. A natural target for ambitious go-getters London may be, but theres a mutual attraction going on. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The Student Room and The Uni Guide are both part of The Student Room Group. Our graph below makes no distinction between UK and non-UK citizens. Non-city firms are pulling in trainees from a wider array of universities. This will skew the results in favour of the larger, less specialist institutions. E.g. Visit the guide page below for more information. At the time, these firms were Allen & Overy; Clifford Chance; Freshfields Bruckhaus Deringer; Linklaters; and Slaughter and May. The cookies is used to store the user consent for the cookies in the category "Necessary". Choosing a University Other Things to Consider. This year also saw Allen & Overy overtake Clifford Chance in the number of rankings the firm itself holds, aided in part through the expansion of the USA Guide's Capital Markets and Projects rankings in the 2021 edition of the USA Guide. [citation needed] 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 in Europe. Arguably for this reason, it was not included in the initial Magic Circle. 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, http://www.chambersstudent.co.uk/where-to-start/newsletter/law-firms-preferred-universities, http://www.chambersstudent.co.uk/media/1067/what_is_a_good_university.pdf. This cookie is native to PHP applications. They are the five UK-based firms considered to be amongst the most prestigious in the world. The pair both took around 2% each of the 2016-2018 trainee sample. [1] Generally, the Magic Circle firms have among the highest earnings-per-partner and earnings-per-lawyer of UK-headquartered law firms. The link between prestigious institutions and prestigious careers is difficult to challenge. 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. 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. 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". Want regular information and advice on how to get into law? Got questions about the SQE? Freshfields Bruckhaus Deringer. But even these firms do not specify a particular university. 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 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. Guys, do you prefer to be called hot or handsome? 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. 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. 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. Find out how they work - and how you can get one. The term has also been used to describe the most prestigious barristers' chambers in London. All of the 'Magic Circle' law firms and barristers' chambers specialise primarily in corporate law. Is Clifford Chance the law firm for you? Compared to our regional breakdowns, we saw a greater percentage of Russell Group-educated trainees, and fewer from other UK universities. This cookies is installed by Google Universal Analytics to throttle the request rate to limit the colllection of data on high traffic sites. Our interviewees came from a total of 88 universities over the past three years. What are you looking for? This cookie is set by Youtube. This cookie is set by LinkedIn and used for routing. 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. 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. We also found that London attracted the highest proportion of overseas graduates. Used by Microsoft Advertising as a unique ID for visitors. Increase your chances of success at an assessment centre. The latter two are the only universities outside of England to rank at all. "[1], In 2013, The Lawyer argued that Clifford Chance and Slaughter and May should no longer form part of the Magic Circle. Below are the 30 universities that were most frequently cited. The prestige, the career opportunities, the money and the city itself combine to attract the brightest, hungriest graduates. Youve heard of the Magic Circle, but did you know that theres also a Silver Circle? BTEC Business Unit 6 (Principles or Management) May 2nd Resit (2023), Which poems from love and relationships should i memorise? These cookies will be stored in your browser only with your consent. The term 'silver circle' implies there should be a golden shape before it. Away from the capital, the configuration shifted again. 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. 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. Oxbridge grads make up a quarter of London trainees and a fifth of all trainees. 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. 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. It's mainly something that comes up when we talk to journalists or they talk to us. 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. Magic Circle members are extremely prestigious, and consistently rank among the highest earnings per partner and earnings per lawyer in the UK. Do I need a law degree to get into the magic circle? 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. magic circle law firms, I was surprised to see LSE placed quite low. Recruiters will overlook you in favour of those who've been on it and performed well no matter what university they've attended. 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. We found that universities like Northumbria, Kent, Reading, UEA and UWE played a much greater role in supplying trainees to national and regional firms. We wouldnt recommend making life choices based only on these figures, though. 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? 1. The cookie is a session cookies and is deleted when all the browser windows are closed. 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 . As readers will of course know, the magic circle comprises Linklaters, Slaughter and May, Allen & Overy, Clifford Chance and Freshfields.
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