The Student Room Group

HELP - Which firm to accept offer from?

I would really like to know some opinions.

I have an offer from Allen Overy and from Cleary, Gottlieb, Steen & Hamilton's London office. I know that of the Magic circle I would prefer A&O, so I cancelled my interviews with Freshfields, Linklaters, etc. However Cleary poses an entirely different offer. Indeed the pay is about 35k starting, with about 45k in the second year, and then 75-80k on Q. Also there are only 4 trainees from 1100 applications so there will be real responsibility, and the firm is in the top 5 or 6 in the US in terms of profits per partner.

I am finding it impossible to decide, so any help would be greatly welcomed!

Thanks
Reply 1
Lawzzzzzz
I would really like to know some opinions.

I have an offer from Allen Overy and from Cleary, Gottlieb, Steen & Hamilton's London office. I know that of the Magic circle I would prefer A&O, so I cancelled my interviews with Freshfields, Linklaters, etc. However Cleary poses an entirely different offer. Indeed the pay is about 35k starting, with about 45k in the second year, and then 75-80k on Q. Also there are only 4 trainees from 1100 applications so there will be real responsibility, and the firm is in the top 5 or 6 in the US in terms of profits per partner.

I am finding it impossible to decide, so any help would be greatly welcomed!

Thanks



u finished ur llb and applying for a training contract?
Reply 2
Sunnyt
u finished ur llb and applying for a training contract?


Ive finished and have already applied for them (and done the interviews) - Im currently doing a masters in law, so essentially I still have a year left before the LPC.
Lawzzzzzz
Im currently doing a masters in law


In what may I ask? j/w
Reply 4
NDGAARONDI
In what may I ask? j/w


As in modules? Yet to decide really, but leaning towards restitution, Corporate Insolvency, Corporate finance, and IP... but I have to attend the short talks on some subjects before I make up my mind for sure
Never actually heard of clearys but sounds exciting and decent prosepects for US work/ travel too. Although I have heard that US firms like to get their moneys worth, if you know what I mean !

In the process of interviews, etc myself at present but generally avoided magic circle (except Slaughters), on basis that in larger intakes the training could be impersonal and you can be thought of more as a commodity. Although I'm sure A&O are very good. Actually I had a mate who was supposed to be on the vac scheme but pulled out because he knew he was getting an offer from eversheds, so i don't know of anyone whose actually been. Were you on the vac scheme?
Reply 6
Very well done! My experience is limited, but personally I'd go for Cleary. You will be given more responsibility in the early stages: you will be meeting clients opposed to being chained to a photocopier. The pay is also better. I hear US firms demand more hours from you, but rumour has it that the MC is hardly any different. While at the MC the hours improve after qualification, I hear that in US firms this is not the case. While your partnership prospects at Cleary may be limited to none, I wouldn't factor this into your decision. Having Cleary on your CV will mean that you will just have to smile politely at any future job interview and you're in. My advice would be to do your TC at Cleary and go from there. You'll stand out against the clone-army of MC NQs, and, in my opinion, be far more valuable on the job market. Of course, I can't help you with aspects of your decision like whether you'll enjoy the atmosphere at one place over the other, but Cleary would certainly be my choice from a career perspective.

I'm wondering, what is your CV like? I'm just interested as to what made you stand out amongst 1200 other applicants! :smile:
Reply 7
Six Dinners Sid
Never actually heard of clearys but sounds exciting and decent prosepects for US work/ travel too. Although I have heard that US firms like to get their moneys worth, if you know what I mean !

In the process of interviews, etc myself at present but generally avoided magic circle (except Slaughters), on basis that in larger intakes the training could be impersonal and you can be thought of more as a commodity. Although I'm sure A&O are very good. Actually I had a mate who was supposed to be on the vac scheme but pulled out because he knew he was getting an offer from eversheds, so i don't know of anyone whose actually been. Were you on the vac scheme?


Just a note - but Slaughters takes in about 90 people a year - AO take 120. The difference wont really make one impersonal vis a vis the other. However I take your point. Still though, once you are divided up into departments, youll probably find yourself among a maximum of 30 trainees (ie in corporate), and even these will be given work within its different sub-divisions.

I actually didnt do a vac scheme anywhere (I had to leave to country for family reasons during that summer)... but I did do some vac work with Goldman....

As to money's worth - you most certainly do get that - $125k USD for NQs! PLus bonus
Reply 8
muncrun
Very well done! My experience is limited, but personally I'd go for Cleary. You will be given more responsibility in the early stages: you will be meeting clients opposed to being chained to a photocopier. The pay is also better.


Thanks! - The responsibility thing is a real plus - with only 4 trainees a year, they most certainly do get involved with the practical side of things. And the pay is a real plus (I have to admit its what is making the decision such a hard one).

muncrun
I hear US firms demand more hours from you, but rumour has it that the MC is hardly any different. While at the MC the hours improve after qualification, I hear that in US firms this is not the case.


To be honest, the hours dont worry me at all... Having worked at Goldman over a summer, and almost killed myself with work during my LLB, the prospect of ANY free weekends is a joy! Plus if you enjoy the job, who cares! I think you are right though, in that the image of the slave driving US firm, compared to the placid and peaceful UK MC firm is outdated!

muncrun
While your partnership prospects at Cleary may be limited to none, I wouldn't factor this into your decision. Having Cleary on your CV will mean that you will just have to smile politely at any future job interview and you're in. My advice would be to do your TC at Cleary and go from there. You'll stand out against the clone-army of MC NQs, and, in my opinion, be far more valuable on the job market.


Thats what Im worried about - will I be marketable in the UK if I go for Cleary? Obviously with MC, AO training you have had some serious resources pumped into you. Of course as they say - no teacher like experience, but what will employers think? Additionally, will the name ring enough bells in the UK? Im sure that it will with the people who matter, but you never know!

As to partnership prospects - I was under the impression they werent that bad at Cleary... Indeed, there are a number of UK partners there, and the firm has only been invovled with UK law for 7 years now.... so they aim to grow the UK practice.


muncrun
Of course, I can't help you with aspects of your decision like whether you'll enjoy the atmosphere at one place over the other, but Cleary would certainly be my choice from a career perspective.

I'm wondering, what is your CV like? I'm just interested as to what made you stand out amongst 1200 other applicants! :smile:


To be honest I enjoyed the atmosphere of both firms ... which is why the choice is so hard!

As to my application, GOD KNOWS! I came 2nd or third overall in my LLB at KCL, got awarded about 4 subject prizes, and am at Christ Church Oxford doing the BCL. I also used to run my own web business when I was 14 - 18. If anyone wants to see the CV they are more than welcome!

Thanks for the advice!
I've never heard of Cleary - is it in the same league as Lovells?

Well done on receiving those TC offers though, you're obviously a very talented individual.
Reply 10
Lawzzzzzz
Thats what Im worried about - will I be marketable in the UK if I go for Cleary? Obviously with MC, AO training you have had some serious resources pumped into you. Of course as they say - no teacher like experience, but what will employers think? Additionally, will the name ring enough bells in the UK? Im sure that it will with the people who matter, but you never know!


I see your point regarding marketability. Within law I suspect you wouldn't have any problems, but perhaps this is different outside the profession. But as you say, I'm sure the name will mean a lot to those who need to know. I imagine you're not planning on working somewhere of the calibre that doesn't even know who Cleary are or know of its significance.

Lawzzzzzz
As to partnership prospects - I was under the impression they werent that bad at Cleary... Indeed, there are a number of UK partners there, and the firm has only been invovled with UK law for 7 years now.... so they aim to grow the UK practice.


I stand corrected then! :smile: I was just basing my opinion on hearsay about US firms in general, but your empirical evidence proves otherwise!

Lawzzzzzz
As to my application, GOD KNOWS! I came 2nd or third overall in my LLB at KCL, got awarded about 4 subject prizes, and am at Christ Church Oxford doing the BCL. I also used to run my own web business when I was 14 - 18. If anyone wants to see the CV they are more than welcome!


You did well then. :smile: I expect it also must have been your performance in interview that clinched it! I'm applying for vacation schemes at the moment (as I said earlier - my experience so far is limited!), so if you have any good interview techniques I'd appreciate it a lot.

Anyway, all the best.
Reply 11
mobb_theprequel
I've never heard of Cleary - is it in the same league as Lovells?

Well done on receiving those TC offers though, you're obviously a very talented individual.


To be honest its very different. The Senior Partner of Cleary London was actually head of lovells, but left to join Cleary.

In the US Cleary are on par with Cravath, Skadden, and Sullivan Cromwell - their profits per partner are about 1.6m USd - so similar if not more than AO.

Thanks for the congrats though... :smile: now I have to make the choice!
Reply 12
muncrun

You did well then. :smile: I expect it also must have been your performance in interview that clinched it! I'm applying for vacation schemes at the moment (as I said earlier - my experience so far is limited!), so if you have any good interview techniques I'd appreciate it a lot.

Anyway, all the best.



As to interview Technique - I dont really know if I can offer much advice, in that I dont think mine is that good. But what I would say is the obvious - RESEARCH. Find out answers to central questions including:

1. Why Law
2. Why a Solicitor
3. Why this particular firm
4. What area of law is the firm good at - why would you be interested in that area?
5. What major deals has the firm been involved with recently - what is the broader significance of the deal for the market
6. What are the current challenges facing the law firm?

Then read over your application thoroughly - try to think of ways to relate what you have done in your life to the job, and the skills that they will hope you have.... once you do all that, and you have stellar grades ... youll have a heap of offers. You will also get some rejections though, without a doubt - everyone does... But that is inevitable... and can be on an HR person's "hunch".

If you want advice on the AO system etc... Id be more than happy to help

Thanks again