The firm
With 69 offices in 39 countries, Baker & McKenzie excels at big-ticket, multi-jurisdictional mandates. Very few firms are able to compete with Bakers for its level of expertise on issues surrounding the convergence of telecoms and IT services, and it continues to lead the way in telecoms outsourcing work. EU and employment are also notable areas of strength.
The star performers
Administrative and public law; Banking litigation; Brand management; Commercial litigation; Commercial property; Customs & Excise; Employment; EU and competition; Fraud; IT and telecoms; IP; Media and entertainment; M&A: upper mid-market and premium deals, £250m+; Pensions and pensions dispute resolution; Personal tax, trusts and probate; Project finance; Trade, WTO anti-dumping, customs.
The deals
Advised Polo Ralph Lauren on licence agreements with international franchisees; advised Mobile Broadband Network on its purchase of backhand telecoms services from BT; advised West Siberian Resources on $2.5bn merger; advised Peter Baker on a pro bono basis in age discrimination claim against NATS; advised Ma'aden on $2.5bn IPO; represented Santander de Titulización on €2bn issue.
The clients
Apple; Canada Life; Cisco; JPMorgan; L'Oreal; Oracle; Rio Tinto Minerals; Unilever; Vodafone; Yahoo!
The money
(from Legal Business magazine)
Turnover in 2008: $1,828.8m (+20% from 2007) Profits per equity partner: £1,064,000 (+22%)
Highly commended Structured Finance and Private Client teams of the year.
The Lex 100 verdict
If you want global but not Magic Circle, take a serious look at Baker & McKenzie. The firm has a great reputation in London plus huge international reach and, for a firm of its size, a relatively small trainee intake: 'I decided on Bakers because I was confident that as one of only 40 trainees I would be given good-quality work', concludes one. Many current trainees participated in the vacation scheme (where the firm is a Lex 100 Winner) and have high praise for it. The fact that there's no 'idiotic psychometric testing' is also a plus. Aside from its international credentials, the firm's reputation in areas like environment, employment and IP plus the top-notch client list are powerful draws. Baker & McKenzie is well known for its thorough and structured training ('a mixture of internal courses and external professionals who deliver a very high standard of teaching'), with trainees 'made to feel training and development is paramount'. Unsurprisingly much work has an international flavour, whether it be 'running a signing meeting in Macedonia' or 'pro-bono activities for the UNHCR'. International placements are on offer at many of the firm's overseas offices. There are, however, some grumbles about 'lack of opportunities for secondments (despite the firm being marketed in this way to trainees)', (also a 'lack of jobs available in niche departments for qualification'). Several trainees worry that there's 'not really enough work at the moment', but the plus side is 'I appear to be the only one among friends who doesn't have to stay late simply to keep up appearances', and the firm remains a good choice for internationally-minded individuals looking for a broad City grounding.