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. What sets them apart from other firms? The most noticeable change in the chart saw Manchester elevated to fourth place as opposed to tenth in London overall. 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? The term was coined by The Lawyer magazine in 2005 in response to the pre-existing term, Magic Circle. (Part 2), Shared bathrooms student accommodation Southampton. 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 they did it, why can't you? James is a dual-qualified practitioner in both civil law (an advocate in Indonesia) and common law legal systems (a solicitor in England & Wales). PGDL? Bristol and Exeter took the lead in the South West; Nottingham and Birmingham in the Midlands; Newcastle and Durham in the North East; and Liverpool in the North West. These firmscompete to pay the top salaries, outstripping the magic circle firms, while the style of work is not miles away from the UK elite. 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. The Russell Group (including Oxbridge) supplied 76.5% of trainee lawyers. Sign up for our newsletter to boost your commercial awareness. Going to University: A Student's Perspective. This is no surprise given the dominance of the duo in academia. The term 'silver circle' implies there should be a golden shape before it. In nine years, law firms appetite for Oxbridge and Russell Group students has remained pretty much constant. Our graph below makes no distinction between UK and non-UK citizens. When we leave London, we find Oxbridge only coming in at ninth and tenth on the chart. Analytical cookies are used to understand how visitors interact with the website. The term has also been used to describe the most prestigious barristers' chambers in London. The Russell Group dominates the market at 81.4%. Chambers Student, the students companion to the legal profession, gives the truth about law firms and the Bar. Its all about the grades, we hear and, rightly, firms conceal their preferences for certain universities. Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. Take our new Which Magic Circle Law Firm is Right For Me? US firms in London had the highest percentage of Oxbridge and overseas graduates in the entire survey. [2], The Magic Circle has been termed a "journalistic device, coined by legal reporters in the wake of the break-up of its predecessor, the 'Club of Nine'". 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. Big Three law firms, an informal term for leading law firms in New Zealand. It does not correspond to any user ID in the web application and does not store any personally identifiable information. Next: How to choose your perfect law firm >>. [citation needed] 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. Almost a third of trainee lawyers at elite Magic Circle law firms The Chambers USA 2021 guide will be released in May 2021. 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. Read our comprehensive guide on Training Contracts. 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. 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. This cookies is installed by Google Universal Analytics to throttle the request rate to limit the colllection of data on high traffic sites. go to the ultimate magic circle guide now. 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. Manchester University dominates the national firms market. 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 prestige, the career opportunities, the money and the city itself combine to attract the brightest, hungriest and most gumptious graduates. LLM? You can find all of the answers to these questions using our free guide start reading below! King's College London A102 GEM 2023 Entry. Submit. This is used to present users with ads that are relevant to them according to the user profile. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form. ORW. 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. This might reassure the non-law grads that theyre not starting their careers on the back foot, and should certainly encourage wavering GDL applicants. These universities frequently rivalled or overtook Oxbridge in the charts. 'You should be on track for, or have obtained, a 2:1 degree minimum.' Select the law schools youd like to hear from. 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. Definitions of firm types: City (above including the magic circle and US firms): firms focused on City business sectors, such as finance, . From Jamaica to Australia, from Brazil to Ukraine: our interviewees in this category came from all over the world. 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. We don't describe ourselves as a Magic Circle firm in any of our marketing material. 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. 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. Oxbridge dominates, but there are some surprises. The International Business law firms comprise CMS; Ashurst; Baker McKenzie; DLA Piper; Hogan Lovells; Jones Day; King & Wood Mallesons and Norton Rose Fulbright. Mad-Mullah. Magic Circle (law firms) - Wikipedia This is not too surprising, as many of the largest national firms have a strong collection of offices in these areas. 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. You also have the option to opt-out of these cookies. Over three years, we have interviewed roughly 20% of all trainees in England and Wales. I dont think its going to gain power or momentum and I dont think its a strengthening brand in itself." Instead this is simply the raw data broken down. Guys, do you prefer to be called hot or handsome? [3], In 2014, it was reported that Freshfields Bruckhaus Deringer wished to discard its Magic Circle designation in the US in favour of being part of the Global Elite. Indeed, before its launch in the Silicon Valley, Freshfields' East Coast hires included the attention-grabbing addition of Ethan Klingsberg, a highly rated M&A partner from Cleary Gottlieb, and Willkie Farr securities litigator Mary Eaton, both of whom are ranked in the Chambers USA 2021 Guide, as well as adding employee benefits expert Lori Goodman from Latham & Watkins and hiring antitrust duo Meghan Rissmiller from Hogan Lovells and Julie Elmer from the US Department of Justice's Antitrust Division. Other notable Russell Group unis which perform disappointingly include York (2%), Warwick (3%) and LSE (4%). This survey doesnt account for the numbers graduating from each institution. The First Magic Circle Firm To Make Bonuses Magically - Above the Law [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. 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. Hi all, After doing some research on the percentage of students from different universities at. All of the 'Magic Circle' law firms and barristers' chambers specialise primarily in corporate law. The cookie is set by the email marketing service MailChimp. We know that anyone can become a lawyer, regardless of where they completed their undergraduate degree. For those in their first-year of uni, now is the time to start thinking about getting . With clients across five continents, Clifford Chance is a 'magic circle' firm with a formidable reputation. Could someone read this and share their thoughts and corrections? At these firms, we spoke to graduates of46 different universities. 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. Almost half a century since crossing the Atlantic and opening in New York in 1977, leading law firm Freshfields announced the launch of its first California office in late 2020, hiring a multidisciplinary team from local firms and transferring two attorneys from Brussels and New York. 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. Some firms may specify a strong 2:1, which is generally seen as achieving between 65-70%. Thankfully many of the most elite firms are focusing much energy on addressing this bias, with programmes like contextual recruiting, and unconscious bias and diversity training. End of the road: Why More Than will no longer sell car insurance as insurer RSA quits market, Could fixing workplace stress save the UK 28bn a year? Do I need a law degree to get into the magic circle? What happens if i dont get my A-level predicted grades for Rice University? Linkedin - Used to track visitors on multiple websites, in order to present relevant advertisement based on the visitor's preferences. Non-city firms are pulling in trainees from a wider array of universities. 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. The more that firms adopt techniques like CV blind interviewing, the more pressure there'll be across the industry to broaden recruitment and adhere to new standards. TSR Decisions Drop In 17th April - 5th May. [1] Generally, the Magic Circle firms have among the highest earnings-per-partner and earnings-per-lawyer of UK-headquartered law firms. The London-based global firm secured a role in 2020 on drugmaker AstraZeneca's $39bn acquisition of US pharma group Alexion Pharma, one of the biggest deals of the year. 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 . If theres a regional firm youre interested in, its still worth applying, highlighting what you would bring to the role. You don't have to go to a top university (and by your definition the 'only top unis are Oxbridge') to work at a top law firm. 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. In three years the number of Oxbridge grads taken on by City firms has dipped by 2.5%. We could stop our investigation right here: the law is demanding, intellectually rigorous and it needs capable graduates see graph. 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. What universities for magic circle law firms? - The Student Room E.g. You'll be familiar with this declaration from poring over law firms' grad recruitment pages. 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. Does it matter which university you go to for law? Linklaters lawyers and graduate recruiters share their advice. 1. 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. It is also worth pointing out that different firms have different strengths, and thus do not all need the same type of candidate. 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. 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. Arguably for this reason, it was not included in the initial Magic Circle. 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. We have only looked at undergraduate degrees for the purposes of this study. Is Allen & Overy the law firm for you? 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. However, entry into the Magic Circle is . Take our new Which Magic Circle Law Firm is Right For Me? The Global Elite law firms comprise Allen & Overy; Cleary Gottlieb Steen & Hamilton; Clifford Chance; Davis Polk & Wardwell; Freshfields Bruckhaus Deringer; Herbert Smith Freehills; Kirkland & Ellis; White & Case; Latham & Watkins; Linklaters; Simpson Thacher & Bartlett; Skadden, Arps, Slate, Meagher & Flom; Sidley Austin; and Weil, Gotshal & Manges. A list of the universities attended by partners at top City of London law firms has been published. Find out how they work - and how you can get one. how they beat every UK university in the salaries table, To find out about qualifying as a lawyer from overseas, read on>>. The cookie helps in reporting and personalization as well. Here, we break down the facts. Quiz now! idk01. Can you do anything with a 2:1 in Oxford law? If you're currently studying at a non-Russell Group university, do not be discouraged by this report. Exploring trainee secondments and career moves into the Asia market. The short answer is no. We use cookies to provide you with a better online experience, to tailor advertising based on your browsing, and for statistics and measurements purposes. Copyright 2023 Legal Cheek Ltd. All Rights Reserved. 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. 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. So this analysis isnt definitive, but our sample size is significant and indicative of broad recruitment trends. If youre wondering whether to do an LLB or a non-law degree then GDL, your answer may lie below. Find more on our methodology, plus a few disclaimers at the bottom of this page. Nearly one in four of our London interviewees had an Oxbridge degree. Recruiters will overlook you in favour of those who've been on it and performed well no matter what university they've attended. Used by Microsoft Advertising as a unique ID for visitors. King's College London A102 GEM 2023 Entry. 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. 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. What happens if i dont get my A-level predicted grades for Rice University? The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. 19. Do firms look at your university during the application process? Used to track the information of the embedded YouTube videos on a website. It shows that a whopping 44% of partners at firms in the magic and silver circle attended . They are the five UK-based firms considered to be amongst the most prestigious in the world. This cookie is used by vimeo to collect tracking information. This is despite Oxbridge students making up less than one per cent of each years graduating class. But this ranking doesn't reveal the full story. Masaryk University; is it worth going as an international student? All the resources you need to research law firms and barristers' chambers, which struggle themselves with a bias towards the privileged.

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