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Linklaters LLP 
One Silk Street London EC2Y 8HQ
Lex 100 winner
Favoured by 2 users (Register to add this entry to your favourites)

The trainee verdict

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The lowdown (in their own words...)

Why did you choose this firm over any others? 'It provides the best training and in being a Magic Circle firm has one of the best reputations'; 'great as a starting position on one's CV'; 'can always specialise after training contract if you want to' 

How does your training compare with peers' at other firms? 'The number of trainees provides a great collegiate atmosphere, and the partners really know their stuff'; 'quality training' 

Best thing about the firm? 'international opportunities, excellent client base and choice of seats'; 'vacation scheme'; 'the welcome given by the people'; 'clarity of vision'; 'exceptional reputation'; 'high-profile deals, great support network and exciting and friendly working atmosphere'; 'the people at Linklaters seemed much more approachable and fun than at other firms, and this has proved true'; 'although we are often worked exceedingly hard, we tend to work on much bigger deals, and get a lot of responsibility (if you want and relish it!)' 

Worst thing about the firm? 'Too corporate/banking-focused and specialist groups not given the respect they perhaps deserve'; 'too much emphasis on chargeable hours - even for trainees'; 'the hours, the pressure can at times be hard'; 'the cheesy straplines on everything' 

Best moment? 'Signing a multibillion-dollar deal'; 'attending the Royal Courts of Justice'; 'being recognised for hard work'; 'flying to Copenhagen to work on a private equity bid race' 

Worst moment? '5am, 5am, 5am'; 'the realisation (hours later) that you've sent work to the client and something was missing or incorrect. Thankfully not fatal - panic is punishment enough'; 'having to work until 2am and miss an important personal commitment, when there was no particular need or urgency to do this' 

The Lex 100 verdict

The firm

Linklaters has survived tough times thanks to impressive strength in restructuring. Tapping into its vast international network, the firm's emphasis on premium, cross-border deals has also helped mitigate its exposure to the downturn in domestic M&A activity. The firm remains dominant in equity capital markets work, and has 'first-rate' financing capability. 

The star performers

Commercial property; Corporate restructuring and insolvency; Corporate tax; Debt capital markets; Emerging markets; Employee share schemes; Environment; Financial services; Insurance; International capital markets; Investment funds; M&A: upper mid-market and premium deals, £250m+; Oil and gas; Pensions; Pensions dispute resolution; Planning; Private Finance Initiative (PFI); Project finance; Rail; Securitisation.

The deals

Advised Oaktree Capital on its distressed acquisition of a majority stake in Gulmar Energy; advised BP on the $400m re-tendering of its global hosting outsourcing requirements; advised Lloyds Banking Group on restructuring liabilities.

The clients

Aer Lingus; Balfour Beatty; British American Tobacco; Citylink Telecommunications; Deloitte Touche Tohmatsu; Lend Lease; PwC.

The money

(from Legal Business magazine) 

Turnover in 2010: £1,183m (-9% from 2009) Profits per equity partner: £1,148,000 (-4%) 

The winners

Legal Business Awards 2011

Highly commended Finance team of the year, Restructuring team of the year, Energy and natural resources team of the year, Private equity team of the year. 

The Verdict

'It provides the best training and has one of the best reputations of the Magic Circle firms' says one happy Linklaters trainee. Others are attracted to the 'international opportunities, excellent client base and wide variety of seats' not to mention the very good salary. A Lex 100 Winner again for its legendary vacation scheme ('loved the people on the scheme, loved the people at the firm, and just felt like I belonged here'), trainees are attracted to the 'clarity of vision' of the firm and its 'confidence and ambition'. Staff here give a 'warm welcome' to the newbies and come across as 'highly skilled and impressive.' Get prepared to be involved in some high-profile deals and expectations will be high. However, current trainees appreciate the 'emphasis on personal development' and having the firm on your CV is a real 'door opener'. The hours, as to be expected from a Magic Circle firm, can be very long ('three all-nighters in a week - miserable') but there is an 'outstanding support network on hand to help 24 hours a day, the best legal research tools available and frequent, comprehensive training sessions' which make up for it. Expect a strong emphasis on chargeable hours even throughout your training and if you are not passionate about corporate finance work then look elsewhere. Trainees also cringe at the 'cheesy straplines on everything'. But negatives aside the perks are great ('free sailing, the gym') and the Friday afternoon drinks trolley sounds fun. Plus you will witness multibillion-dollar transactions, attend the Royal Courts of Justice and the sheer number of international deals are dazzling. The firm is also a Lex 100 Winner for confidence in being kept on showing that trainees foresee strong futures here. Joining Linklaters means you will be part of a fantastic legal brand with a first-class reputation.

A day in the life of.....

A day in the life of.....

Kristina AdamsKristina Adams, first-seat trainee solicitor, Linklaters LLP 
Departments to date:  Mainstream corporate
University: Southampton 
Degree: Law, first 

8.00am: I always start my day with a good breakfast at Silks, Linklaters' newly refurbished restaurant. At this time of day there are always lawyers milling about, getting cups of coffee from the baristas (who all know you by name) or catching up on the BBC News Channel.

10.00am: The nature of the work in my department means that I'm the main trainee on my deal, which currently involves the sale by auction of various businesses for one of our client banks. There's always ongoing work on deals like this so mornings usually consist of going through emails and replying to requests from the client and the other side.

11.30am: As a trainee in the corporate department you have the opportunity to co-ordinate and manage aspects of the deal - this gives you a wide understanding of the deal mechanics, from negotiating the tax structure to applying for regulatory licences in different jurisdictions. When I first arrived in my seat I was instantly given responsibility for the data room and due diligence aspects of the deal. If someone wants to know something about the data room, they come to me. It's great to have a certain amount of ownership and autonomy in such a major transaction.

12.00pm: What makes Linklaters stand out is the absolutely superb training. More senior lawyers are always mindful of your development and are always ready to give you feedback and to spend time explaining the intricate parts of the deal. The lawyers you work for push you hard and demand a lot, but what surprised me when I started was how much people believe in you. People know that if you've been hired by Linklaters you must be capable; they encourage you to reach your potential and encourage excellence in everything you do.

1.00pm: On my lunch break, I attend a presentation about volunteering to be a mentor for students at a school in Hackney. Everyone is encouraged to get involved in both legal and non-legal voluntary work, and there are plenty of opportunities to do this.

3.30pm: Back in the office, my team and I are hosting a meeting with many senior heads of business from our client bank. I have to finalise the documentation they will be looking through, and rush it downstairs to one of our many conference rooms. We go through the disclosures that they will be making against warranty statements in the contract. I am making notes throughout this because afterwards, an associate and I will process the notes and prepare a schedule. The quality of work at Linklaters is fantastic. Most of our clients are widely known, and the work is newsworthy and topical; it's fantastic seeing the FT include an article about one of the deals you're working on.

5.30pm: I grab dinner at a very popular sushi place around the corner from the office with another trainee in my department. Linklaters has a particularly sociable culture. Because our hours are longer than a standard 9-5, very strong friendships are cultivated amongst trainees and other lawyers, especially because trainees have spent some time together studying the Linklaters-specific LPC.

6.30pm: I have to go back to the office after dinner for a couple of hours - we need to finalise the disclosure schedule by the end of the week and there are a lot of different people we need to contact to confirm various different statements. I finish by working on some articles of association for a large multinational client - they are updating their articles to be up-to-date with the Companies Act 2006, and I have been asked by a partner to have a first go at amending them. All in all, Linklaters is an incredible training environment - the variety of work, the exposure to talented colleagues and the international experiences all combine to create a first-class training contract.

About the firm

About the firm

Address: One Silk Street, London EC2Y 8HQ

Telephone: 020 7456 2000

Fax: 020 7456 2222

Website: www.linklaters.com/ukgradsL100

Email: 

Total partners: 480

Other fee-earners: 2,200

Total trainees: 250

Other offices: Amsterdam, Antwerp, Bangkok, Beijing, Berlin, Brussels, Dubai, Düsseldorf, Frankfurt, Hong Kong, Lisbon, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Rome, São Paulo, Shanghai, Singapore, Stockholm, Tokyo, Warsaw. 

Who we are:  Linklaters is one of the world's most prestigious law firms - a global network of exceptionally talented, highly motivated lawyers with 19 practices across 26 cities worldwide. 

What we do: While many law firms are strong in particular areas, ours is the only firm to have market-leading global teams across the full range of corporate, finance and commercial practice areas. 

What we are looking for: We recruit the very best graduates from both law and non-law disciplines, with a minimum 2(1). 

What you'll do:  The training contract is structured around four six-month seats, designed to build your knowledge and contacts in a broad range of practice areas. The majority of our trainees have the opportunity to go on international and/or client secondments.

Perks: GDL and LPC fees are paid in full, plus a maintenance grant. Benefits include eligibility for a personal performance-related bonus, pension, private medical insurance, life assurance, income protection, in-house healthcare services, family-friendly benefits, in-house gym, subsidised staff restaurant, interest-free season ticket loan, holiday travel insurance, time bank scheme, cycle2work and give as you earn. 

Sponsorship: The firm meets the costs of both the GDL and LPC and provides a maintenance grant to assist with living expenses. 

Application process

Apply to: Faye Wimpenny, graduate recruitment manager. 

How: Online at www.linklaters.com/ukgradsL100. 

When to Apply: 31 July 2012 (training contracts) 

What is involved: Critical reasoning test, two interviews including a commercial case study. 

Facts and figures

Trainee places available for 2014:  

Applications received pa: 4,500 

Percentage interviewed: 10-15% 

Salary

First year: £37,400 

Second year:  

Newly qualified: £61,500 

Vacation schemes

Summer: See websites for details (apply by 8 January 2012). 

Winter: 5-16 December 2011 (apply by 13 November 2011).