Visit the guide page below for more information. This cookie is to identify the source of a visit and store user action information about it in a cookies. Imperial College, meanwhile, concentrates heavily on science and technology subjects and so naturally features less prominently. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". The majority of our trainee interviewees 81.4% hailed from a Russell Group university. 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. Other notable Russell Group unis which perform disappointingly include York (2%), Warwick (3%) and LSE (4%). 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! Career change to Law contemplationwill I be too old at 33? Contrary to what the term Silver Circle may suggest, there is no Golden Circle. 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. 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. 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. As firms recruit on a case to case basis, and are keen to make entering law as accessible as possible, the . Sign up for our newsletter to boost your commercial awareness. Overseas students were the top earners, according to the research, with an average newly qualified salary of 88,384. In essence, the silver circle refers to the band of firms that fall just . When we leave London, we find Oxbridge only coming in at ninth and tenth on the chart. The purpose of the cookie is to enable LinkedIn functionalities on the page. We interviewed a sample of 7000 (exactly!) The purpose of the cookie is to determine if the user's browser supports cookies. Its up there with correcting your friends pronunciation of quinoa or pretending youve never heard of Lidl producing a ranking of lawyers favourite universities is an expression of middle class Britain par excellence. PGDL? But this is the UK, where judging people on their university is pretty much mandatory in the legal profession especially. Instead they're becoming more interested in simply sourcing candidates with the right qualities to make them a great lawyer. Does it matter which university you go to for law? The impressive growth of law firms expanding their coverage across the United States. 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 used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. 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. This cookie is set by GDPR Cookie Consent plugin. Durham has taken a slide too. The Super Boutique law firms comprise Cravath, Swaine & Moore; Sullivan & Cromwell; Paul, Weiss, Rifkind, Wharton & Garrison; Slaughter and May; and Wachtell, Lipton, Rosen & Katz. 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. At some of the biggest and most prestigious firms in London seemingly the preserve of the university elite we encountered trainees with degrees from non-traditional institutions like Brunel, Keele and Hertfordshire. We use cookies to provide you with a better online experience, to tailor advertising based on your browsing, and for statistics and measurements purposes. If youre wondering whether to do an LLB or a non-law degree then GDL, your answer may lie below. It really isn't about uni, firms want to distance themselves from the oxbridge stereotype and simply want the best candidates regardless of who is awarding your degree Oxfords graduates earned an average 71,120, Kings College London graduates 74,512, University College London graduates 72,814 and Cambridge graduates 72,457. This cookie is set by GDPR Cookie Consent plugin. But which universities do Magic Circle Firms really recruit from? Learn more about this study here. This is despite Oxbridge students making up less than one per cent of each years graduating class. Out of these, Oxford and Cambridge came out on top, together accounting for almost a fifth of trainees surveyed. US law firms in London drew 24.4 per cent of their trainees from Oxbridge, with 50 per cent coming from the rest of the Russell Group, 16.5 per cent coming from other UK institutions and nine per cent coming from overseas. 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. 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. It was argued that by 2023 global law firms will rather be split between the Global Elite law firms, International Business law firms and Super Boutique law firms. It merged with Bruckhaus Westrick Heller Lober and Deringer Tessin Herrmann & Sedemund in 2000; Relevant experience in one or more of their practice areas. 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. DLA Piper, Eversheds, Shoosmiths, Trowers & Hamlins. Want a more specific insight into each of these firms? What sets them apart from other firms? The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The further down you go, the more erratic it becomes. We found that universities like Northumbria, Kent, Reading, UEA and UWE played a much greater role in supplying trainees to national and regional firms. This cookie is set by doubleclick.net. In three years the number of Oxbridge grads taken on by City firms has dipped by 2.5%. Although a rather old-fashioned term, the phrase the Magic Circle has only been used since the late 1990s; before then, the prestigious law firms were called the Club of Nine, and included Lovells (now Hogan Lovells), Norton Rose (now Norton Rose Fulbright), Herbert Smith (now Herbert Smith Freehills) and Stephenson Harwood. Oxford and Cambridge feature considerably lower outside London. This cookies are used to collect analytical information about how visitors use the website. 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. Over the nine years, Oxford and Cambridge dominate training contract recruitment with some consistency, followed by Durham, Bristol and Nottingham. Part of the Dukes Education family Together we're extraordinary. The pair both took around 2% each of the 2016-2018 trainee sample. The cookie helps in reporting and personalization as well. 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. Guys, do you prefer to be called hot or handsome? The firm has 570 partners and over 6,000 staff. [citation needed] Oxbridge dominates, but there are some surprises. Take our new Which Magic Circle Law Firm is Right For Me? This cookie is set by linkedIn. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The term has also been used to describe the most prestigious barristers' chambers in London. "[1] Then corporate partner at Herbert Smith Freehills and former investment banker Henry Raine said: "The phrase was coined by a legal magazine and referred to firms which were very strong in corporate or international work. It is the 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. This cookie is set by GDPR Cookie Consent plugin. These are the Magic Circle law firms: Allen & Overy. Less established US firms concentrate their recruitment efforts on the 'top' universities in order to increase their prestige and position in the London market. This elite group of London law firms specialises in corporate and finance work and this enables them to be involved in multi-billion pound deals and to boast massive profits each year. 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. What are you looking for? 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. The grades you have achieved and your overall academic standard is more important than the university you attend. [2] It wrote "Slaughters fits the silver circle bill in every respect. This cookie is installed by Google Analytics. At most firms youll meet a balance of law and non-law grads. At these firms, we spoke to graduates of 36 universities. [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. 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. 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 . Lse Law magical circle I take. Choosing a University Other Things to Consider. The cookies is used to store the user consent for the cookies in the category "Necessary". 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). Compared to our regional breakdowns, we saw a greater percentage of Russell Group-educated trainees, and fewer from other UK universities. These cookies ensure basic functionalities and security features of the website, anonymously. All the resources you need to research law firms and barristers' chambers, We interviewed over 2,500 trainees for our True Picture reviews over the past three years and recorded the university where each one of them completed their undergraduate degree. 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 subject that was studied can influence how a university appears. 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. TSR Decisions Drop In 17th April - 5th May. Any universities missing didn't produce strong enough data. GCSE AQA LIT. The purpose of this cookie is to synchronize the ID across many different Microsoft domains to enable user tracking. 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. 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.
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