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66 Lincoln's Inn Fields London WC2A 3LH
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The lowdown (in their own words...)Why did you choose this firm over any others? 'Much more interesting work than most firms, fabulous people, treated like a human being'; 'the six-seat training and the wide variety of specialisms'; 'the culture of the firm, the slightly different attitude - less about taking over the world, more about enjoying your work'; 'as soon as I did the vac scheme, I was sold' How does your training compare with peers' at other firms? 'I feel very lucky to be here'; '100 times better - actual client contact, drafting proper documents, great secretarial support, amazing variety of work'; 'very well. Shorter hours. More cricket. And interesting work'; 'with the responsibility I'm given and the way I'm treated, I already feel like a fully-fledged solicitor, which seems quite unusual' Best thing about the firm? 'The people: clearly very good at what they do, but not taking themselves too seriously'; 'the breadth of work and variety of clients'; 'due to its size, I think all of us feel important and valued'; 'some of the most generous, fun and outgoing people I have ever met' Worst thing about the firm? 'You can sometimes feel a bit out of control about choice of seats'; 'shabby offices (though a huge refurbishment programme is underway); 'IT'; 'the lack of a canteen or communal area'; 'the pay'; 'inaccurate picture of us in the outside world' Best moment? 'Meeting the clients involved in a case I read about at law school'; 'being involved in the collapse of Landsbanki - rushing around getting Counsel's advice and being involved in very high level meetings'; 'the Christmas Revue sending up the partners'; 'appearing before a Master and getting the result I needed' Worst moment? 'Staying very late to put together a lot of urgent bundles only to find out the next day that the deadline had been pushed back'; 'being given a lot of responsibility to get the right answer and getting the wrong one'; 'after a long working week, being told on a Friday night that I would have to work the weekend' The firmFarrer & Co maintains its standing as one of the best all-round private client firms: it leads the market in heritage property; has outstanding charities and agriculture practices and an excellent family team. It also has top-ranking employment and defamation/publishing practices, and offers solid corporate and commercial property teams. The star performersAgriculture and estates; Brand management; Charities and not-for-profit; Defamation; Education; Employment; Family; Heritage property; M&A (smaller deals, up to £50m); Partnership; Personal tax, trusts and probate; Sport. The dealsAdvising the RFU on sponsorship deals, including one with PowerAde; advising the RFU on its agreement with Premier Rugby and the Guinness Premiership to govern the professional game in England between 2008-2016; completed 51 corporate deals last year mainly in the sub-£40m category; advised the Joseph Rowntree Foundation on the development and disposal of Derwenthorpe Urban Village. The clientsBauer Consumer Media; British Library; Coutts & Co; Duchies of Cornwall and Lancaster; England and Wales Cricket Board; Jewish Care; LTA; Royal Bank of Canada; Rugby Football League; Science Museum; UK Athletics; Yell Group plc. The money(from Legal Business magazine) Turnover in 2008: £37.1m (+15% from 2007) Profits per equity partner: £468,000 (+22%) The Lex 100 verdict'The range of work is brilliant, but the people are what really make me want to come to work every day'. Just one remark from a contented Farrers trainee - but this reflects nearly all the other comments when trainees here were asked the best thing about their firm. 'The people are intelligent, interesting and fun', says one, 'there is a great collection of characters and no horrible shouting partners' says another, while another adds 'they are some of the most generous, fun and outgoing people I have ever met - I would happily choose to see them out of work, which is not always the case with peers elsewhere'. There is much praise for other aspects of the Farrers training contract - trainees like the diverse and fascinating work, the six-seat system, the chance to meet interesting clients and the special culture of the firm - 'less about taking over the world, more about enjoying your work - a radical thought!' The work/life balance is good, allowing for plenty of socialising (and cricket!) and all staff are treated as individuals ensuring a great team spirit. The quality of work is good too, with trainees enjoying plenty of hands-on responsibility and some already feeling like 'fully-fledged solicitors'. With all this enthusiasm for the firm, it is surprising that Farrers does not appear in any of our Winners' tables this year. However it still achieves impressive scores and, in fact, remains in the top 30 firms for all the survey categories. Complaints tend to focus on the offices (although they are currently being updated), the lack of canteen and the 'slightly lower pay than comparable firms'. Trainees also comment again on the 'inaccurate reputation' that the lawyers are all 'stuffy, blue-blood Oxbridge types'. These issues aside, most trainees feel 'very lucky to be here', with one commenting 'my training and experiences are 100 times better than elsewhere'. If you're lucky enough to land a training contract here, we're sure you won't be disappointed. A day in the life of..... Sonal Shah second-year trainee, Farrer & Co University: Bristol University Departments to date: Disputes, corporate, private client, banking and residential property Degree and class: Law and German, 1st 9.00am: Arrive at the office, make a cup of tea and catch up on emails and post. I am in my final seat and have returned to the Private Client team. Unlike most firms, Farrers has a six-seat rotation which is fantastic as it means you can really get a feel for different areas of the firm. Generally, you return to the team you are qualifying into for your last seat to give you a head start before you qualify. I chose Private Client because of the variety of work, the firm's excellent reputation for Private Client work and because I wanted to work with and for individuals.10.00am: I attend a meeting with my supervisor. The client is in London for the day and wants to review his Will. My supervisor talks him through recent changes in the law relating to Inheritance Tax and we discuss ways of minimising the potential liability, including using paintings to defray tax liability - something our Art and Heritage specialists can help with. Once the meeting ends, I head back to my desk to dictate a note of the meeting for the file.12.30pm: Today is my day to go to Clerkenwell Parochial school where I participate in a volunteer reading scheme which Farrers supports. I read with two girls in Year 4, one of whom is reading The Twits and the other is reading The Lion the Witch and the Wardrobe. It's a great way to spend an hour and I'm not sure who enjoys it more, me or the girls! I grab some lunch and head back to the office. 2.00pm: My supervisor asks me to draft a letter to beneficiaries who stand to inherit a significant amount under a Will. These letters need to be drafted carefully, not least because it is important to manage beneficiaries' expectations. This probate has been a complex one - the deceased was himself a beneficiary under a Will and before we can finalise the estate, thorough investigations need to be carried out into what he himself inherited. I go through the files to remind myself of the facts and begin drafting. Once I have a first draft I go through it with my supervisor before finalising it and sending it out. 4.00pm: Call HMRC to chase for an IHT receipt for another probate I am working on. Probates at Farrers tend to be very interesting and can throw up some weird and wonderful things, for example a safety deposit box filled with medieval armour which turned out to be pretty valuable or a painting that had passed through generations but was now the subject of a dispute over whether or not it had been looted by the Nazis during World War 2.4.15pm: I begin drafting a Lasting Power of Attorney for one of our clients who, judging by her instructions, is more interested to see that her dog is properly taken care of than making sufficient provision for herself! Along with wealth planning, Wills and probate work, the team does a fair amount of Court of Protection work and was involved with a high-profile case involving the Settled Land Act and entail. It concerned the Court being asked to make a Will on behalf of an elderly Californian recluse who lacked the mental capacity to do so, as well as dealing with his property in England. The case was one of the first dealing with property under the Mental Capacity Act 2005 and overturned 25 years of case law on the making of statutory wills.5.30pm: I end the day by 'doing the papers' which involves going through the tabloid newspapers and checking to see if some of our better-known clients are mentioned.6.00pm: Tonight I have plans to meet some friends for dinner in Covent Garden but not before popping into our local bar for a quick drink with some of the others from my department. About the firm Address: 66 Lincoln's Inn Fields London WC2A 3LH Telephone: 020 7242 2022 Fax: 020 7242 9899 Email:
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Senior partner: James Furber
Total partners: 69 Other fee-earners: 92 Total trainees :20
Who we are: Farrer & Co is a leading modern law firm witha distinguished history of providing expert advice to a diverse range of clients, both UK and international. What we do: We are leaders in private client, agriculture,sports, defamation, heritage, family and charity law. Our IP and commercial practice, disputes and employment teamsare also highly rated. What we are looking for: Team spirit, leadership, dynamism, versatility, a questioning mind, great communication skils, commercial awareness and a sense of fun. What you will do: The trainee will experience sixseats across the firm, handling 'real' work with earlyresponsibility and an excellent legal and skills-basedtraining programme. Perks: Flexible benefits scheme, sporting teams/clubs, season ticket loan, 25 days' holiday, group incomeprotection, group life assurance, company doctor,subsidised yoga/pilates, subsidised gym membership, pension scheme, private medical insurance after one year, wellwoman/wellman checks. Sponsorship: We pay all LPC and GDL fees, plus amaintenance grant of £6,000 per year of study. Application processApply to: Donna Davies, Trainee Recruitment Manager. How to apply: Online application via website. When to Apply: By 31 July 2010. What is involved: Two interviews and a case study. Facts and figuresTrainee places available for 2012 10 Applications received pa 800 Percentage interviewed 5% SalaryFirst year £32,000 (Sept 2008) Second year £34,500 (Sept 2008) Newly qualified £51,000 (2008) Placement schemesSpring: Refer to website (apply by 31 January 2010). Summer: Refer to website (apply by 31 January 2010). |