User Login

Ashurst LLP 
Broadwalk House 5 Appold Street London EC2A 2HA
Lex 100 winner
Favoured by 10 users (Register to add this entry to your favourites)

The trainee verdict

image

The lowdown (in their own words...)

Why did you choose this firm over any others? 'Bespoke recruitment approach - I really felt that I was being recruited for who I was'; 'provides a combination of excellent work and a better working environment in than Magic Circle firms'; 'quality and diversity'; 'commitment to friendly culture'; 'competition department'; 'one of the few firms that actively looks for a sense of humour as an important quality in a candidate' 

How does your training compare with peers' at other firms? 'Lot of senior contact'; 'I am relied upon more despite not always having as prestigious' clients; 'more variety'; 'training here is of a very high standard'; 'a lot more responsibility and client contact'; 'better social life'; 'less-horrific hours' 

Best thing about the firm? 'Great team spirit'; 'the variety of foreign seats and secondments available to trainees'; 'trainee socials'; 'the famous vac scheme'; 'great cookies'; 'the open-door policy'; 'the inclusive atmosphere' 

Worst thing about the firm? 'Wildly unpredictable hours in corporate and finance'; 'compostable cutlery'; 'IT system has its flaws'; 'offices could be swankier'; 'the food'; 'the new lifts in Broadwalk House are terrible!' 

Best moment? 'Working directly with a partner to produce a legal opinion that was later used as a precedent by another fee-earner'; 'client dinner at Galvin'; 'travelling to India to work'; 'secondment to Dubai'; 'closing a large project on which I had been given a great deal of responsibility and autonomy'; 'departmental nights out' 

Worst moment? 'Sleeping on the floor of my office on a Saturday night'; 'closing three deals in one day with little-to-no supervision while covering for an absent associate'; 'making a mistake' 

The Lex 100 verdict

The firm

Leading City firm Ashurst is particularly well known for acquisition finance, investment funds, securitisation and derivatives, and is one of the first-choice firms for senior lenders on large, complex restructurings. It regularly handles deals in the energy sector, and maintains market-leading PFI expertise and a wide-ranging disputes practice, including arbitration. 

The star performers

Acquisition finance; Banking litigation; Commercial litigation; Commercial property; Construction; Corporate restructuring and insolvency; Corporate tax; Derivatives; EU and competition; Electricity, nuclear and renewables; Environment; Equity capital markets; M&A: upper mid-market and premium deals, £250m+; Planning; Private equity: transactions; Private finance initiative (PFI); Product liability; Property finance; Property litigation; Public international law; Securitisation.

The deals

Acting for Visa Europe on the design, construction and ongoing management of IT solutions by one of its suppliers; acting for Intel in its appeal to the European General Court (EGC) against its £1bn fine for alleged abuse of dominance; advised Bilcare on the €100m acquisition of the Films Division of INEOS plc.

The clients

Apax; British Land; Cinven; Citi, Deutsche Bank, ENAM, Kotak; CPP Group; Crossrail; JP Morgan; JP Morgan Cazenove; Merrill Lynch; Morgan Stanley; Real Estate Opportunities plc; Tesco; Telefónica O2; Virgin Media.

The money

(from Legal Business magazine) 

Turnover in 2010: £293m (-3% from 2009) Profits per equity partner: £689,000 (+2%) 

The winners

Legal Business Awards 2011

Winner Real Estate team of the year. 

The Verdict

As with last year Ashurst is singled out for its vacation scheme, being a high-scoring Lex 100 Winner for the second year running in this category ('I was made to feel like a real part of the team'). It also scores points with candidates for its bespoke recruitment approach which offers a maintenance grant for GDL students, bursaries, plus numerous socials for future joiners and current trainees. Being yourself isn't a sin here: 'I prefer to be in a firm where I can establish my own personality rather than drowning in a sea of conformity'. It's this 'unpretentious' attitude that is a theme that runs through trainees' comments which goes hand in hand with the great social life ('long lunches, nights out with colleagues and department away days') and 'friendly culture'. The firm happily competes with the best for top-drawer corporate and finance work and there is no shortage of excellent clients and deals. Its international links also mean great secondment opportunities with Dubai and Singapore being serious possibilities. Current trainees speak of the 'impressive' training infrastructure that places a 'strong emphasis on personal initiative and development, a great support network and a real focus on high-quality training across a wide range of technical and soft skills'. It is not as flexible as some other firms, with the compulsory seats in corporate and finance, which aren't always to everyone's taste plus the IT system is 'terrible', hours can be 'wildly unpredictable' and the new lifts get some flak as well. However, this friendly firm where the cookies and completion meals are 'great' will encourage you to take on challenging work without stress levels going into overdrive, rewarding the right candidates with an outstanding introduction to life at a top-notch City firm.

A day in the life of.....

A day in the life of.....

Sarah BeddallSarah Beddall, trainee solicitor, Ashurst 
Departments to date:  Corporate, litigation, international finance (Paris), energy, transport and infrastructure.
University: Bristol 
Degree: English literature 2(1) 

9.00am: The commute to work in Paris is dismal. The first option involves meandering through the cobbled streets of the Marais, obliging me to stop at a café for a croissant and a coffee. Or I run along the islands in the middle of the Seine, past Notre Dame, along the Left Bank with the Bouquinistes, past the Louvre and through the Jardin des Tuilleries. I shower, and wonder how I'll ever go back to the Northern line.

10.00am: I pick up my friend and we go to the kitchen for a coffee. I say kitchen - it is in fact a shrine to Perrier water, Orangina and Nespresso machines. We are joined by half of the team, and finally get back to our offices half an hour later. Mornings generally start more slowly than in London, and not before an assessment of the failings of the Metro that morning, or what the politicians have done now. Some things really are the same either side of the channel.

10.30am: I have a meeting with an English partner and French associate regarding an international restructuring. Along with an associate in the London office I'm looking after the aspects of English law. We're working to a tight completion schedule, and having problems getting the documents we need from the other side. The partner picks up the phone and after a two-minute rebuke of such eloquence and persuasiveness that it left our jaws on the table, it was sorted.

11.30am: I call the associate I'm working with in London, to work through an agenda for everything we need to get done before the closing the following week. I then draft a long email to the other side, setting out which documents are still outstanding and various points still in negotiation.

1.00pm: Time for lunch. My supervisor Camille loves food, and the subject dominates the majority of our conversation. We go to his favourite place, a tiny bistro off Boulevard des Capucinces. He is friends with the owner, who ushers us over to a rickety table. Camille has a juicy rumpsteak with a mountain of frites (as ever) and I get convinced by the maitre de to have the confit de canard with potato dauphinoise. A normal lunch in the Paris office.

2.30pm: One of our clients calls and requests a due diligence report on a loan they are thinking of purchasing. I spend a couple of hours reviewing a facility agreement and drafting a report which identifies any potential problems. I then phone the client and talk through a couple of the points.

5.00pm: Camille starts talking about food. He decides that we haven't eaten enough today, so we go to his favourite boulangarie. He takes back to the office a freshly baked galette de rois which he demands everyone in the team join us for. We then embark on the French tradition of someone (me) hiding under a table (my desk) and calling out the name of each person in the room who then takes a slice of cake. The person who gets a miniature figure of a king hidden inside becomes king. There don't seem to be any privileges attached to becoming king, but you do get to wear a crown and be smug for the day.

5.30pm: In the middle of this commotion I receive a request from another client to give comments on some transfer certificates. This turns out to be more complicated than expected, and involves a lot of drafting, which I enjoy. I then translate a short agreement from French to English.

8.30pm: I meet up with my friends, who have been seconded out to other law firms in Paris. We meet up in a café in Saint Germain, where we share a bottle of sancerre and a plate of charcuterie and talk about how we don't want to leave, ever.

About the firm

About the firm

Address: Broadwalk House, 5 Appold Street, London EC2A 2HA

Telephone: 020 7638 1111

Fax: 020 7638 1112

Website: www.ashurst.com

Email:  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Senior partner: Charlie Geffen

Managing partner: Simon Bromwich

Total partners: 200+

Other fee-earners: 800+

Total trainees: 100+

Other offices: Abu Dhabi, Brussels, Dubai, Frankfurt, Hong Kong, Madrid, Milan, Munich, New York, Paris, Rome, Singapore, Stockholm, Tokyo, Washington DC. 

Who we are:  An elite law firm advising corporates, financial institutions and governments with core businesses in mergers and acquisitions, corporate and finance. 

What we do: Competition and EU law; corporate; employment, incentives and pensions; energy, transport and infrastructure; international finance; litigation and arbitration; real estate; tax; and technology and commercial. 

What we are looking for: Common sense and good judgement; the ability to handle responsibility; academic excellence; the ability to think laterally; a wide range of outside interests; and a sense of humour. 

What you'll do:  The training contract consists of four seats. One seat is spent in the corporate department and another seat is spent in the international finance department. Trainees spend their remaining two seats in our other practice areas or on secondment.

Perks: 25 days' annual holiday; interest-free season ticket loan; pension; private medical scheme and annual health screening; subsidised gym membership; childcare vouchers; life assurance. 

Sponsorship: Full fees for the GDL and LPC plus maintenance grant of £6,500. 

Application process

Apply to: Graduate recruitment and development team. 

How: Online. 

When to Apply: By 31 July 2012. 

What is involved: Interview with graduate recruitment team, followed by interview with two partners, followed by tour of the office with a trainee. 

Facts and figures

Trainee places available for 2014: 50 

Applications received pa: 2,500 

Percentage interviewed: 5% 

Salary

First year: £38,000 

Second year: £43,000 

Newly qualified: £61,000 

Vacation schemes

Spring: 19-30 March 2012 (apply by 15 Jan 2012). 

Summer: See website (apply by 15 Jan 2012).