Many of the magic circle firms (all??) are multinational and have as much a presence in the US as they do in th capital and increasingly in other of Britains major cities.
Not all, Slaughters doesn't have offices in the States.
There's a fair few US firms based in London. Most have relatively small numbers of trainee intakes annually, and it's as sought after as MC, with people typically after the insane salaries. Check the Chambers Student Guide to see the listings.
Not all, Slaughters doesn't have offices in the States.
There's a fair few US firms based in London. Most have relatively small numbers of trainee intakes annually, and it's as sort after as MC, with people typically after the insane salaries. Check the Chambers Student Guide to see the listings.
True - the US firms are HIGHLY competative - I think you'll really have to have a TOP CV for most of them - eg Covington, Skadden, Shearman, Cravath...
Basically they vary alot - from US Outpost stocked with JDs to a bona fide branch with partnership prospects ...
Again though - they can be great - salaries of 120k 3PQ, but youll need a first and some good smooth talking !
Covington is the nicest firm that I've been too and they offer a whopping-great £85k on qualification - far ahead of anyone else unless you include Skaddens and they don't take trainees.
Jools m8, Slaughters do have a NY office IIRC.
I'd choose a big US firm over a MC firm any day. Big salary, nice working environment (from what I've experienced anyway), far more responsibility (a trainee is more likely to be treated as a junior associate) but, usually, not-existent partnership prospects, particularly at Cravath, Skaddens etc.
I'd choose a big US firm over a MC firm any day. Big salary,
Is there a big difference between a £50k and £70k or whatever qualification salary? I don't mean literally, the £20k difference, I mean would your life be much different? Would you be more content? Not really.
I cant speak for you mate, but I know I wouldn't complain about a £20k salary increase - it could pay off the costs that the lucky few UofLon Law students selected for the London/Columbia (LLB/JD) option incurs!
I wouldn't really buy one anyway. As soon as I qualify, I plan to get a nice place, replace my (aging) wardrobe and pay off copious amounts of student debt.
i dont think that £20k in the initial years is going to make much difference....you are still going to be one of the best paid people in the country and the salaries at partner level are very similar. In fact, S&M salaries beat Skaddens i think! (oh i think somebody has already said that!)
What? NQ salaries at American firms are nowhere near partner level...
no, what i mean is that your salary at an American firm or MC firm is going to be a lot more than the average for someone at that age so i wonder whether £20k is going to make such a great impact on your life!