The firm
Pinsent Masons continues to grow nationally and internationally. It has offices in London, Birmingham and Leeds and heads the field in the construction market. It also has impressive M&A, technology, employment, pensions and property litigation practices and recently launched a strategic alliance with international law firm Salans.
The star performers
Top-ranking departments according to The Legal 500*Banking and finance; Commercial litigation; Construction; Corporate tax; Corporate and commercial; Education; Employment; Health and safety; Information technology; Intellectual property; Pensions; Private Finance Initiative; Professional negligence; Property litigation; Public sector.
The deals
Advised Shore Capital on the $110m private placing and flotation of Da Vinci Capital Management's CIS Private Sector Growth Fund on the Specialist Fund Market; advising the management of Angel Trains on its £3.6bn sale; advised Firebuy on its procurement of fire and rescue services; advised the management on Montague Private Equity's £1.7bn Biffa buyout; advising the Railway Procurement Agency on the $3bn Dublin Metro.
The clients
Cabinet Office; China Petroleum; Grant Thornton; Home Office; MoD; Petronas; Pipeline Bureau; Royal Mail; St Helen's Capital; SVS Securities; Shell.
The money
(from Legal Business magazine)
Turnover in 2008: £213m (+11% from 2007) Profits per equity partner: £500,000 (-2%)
The Lex 100 verdict
Pinsent Masons has a 'reputation as an expanding, forward-thinking firm which is pushing internationally, while retaining strong regional/national bases' is a typical comment from a current trainee when asked why they chose this firm for their training. Another remarks - 'I did four vacation schemes at different firms and Pinsent Masons stood out for its friendliness, professionalism and ambition'. Others comment on the 'culture of friendly people, coupled with technical excellence and commercial focus', 'good range of seats and quality of work' and the 'real air of togetherness'. Trainees remark on the 'quietly ambitious nature of their firm', comparing it with the more cut-throat approach of other City practices - they also compare favourably their methodical training, work/life balance and opportunities to get involved in real work. Pinsent Masons is a Lex 100 Winner in the 'firm living up to expectations' and 'social life' categories, with trainees content that the firm was sold positively and accurately to them at interview and happy with their friendly colleagues who 'work well and play well' together. On the downside trainees in London would still like to be in one office, there are some murmurs about lack of say over seat moves and trainees would like to see their firm raise its profile and get recognition for the good work it does. Some trainees feel the hours can be quite long compared with the pay and benefits and there's a bit too much internal PR branding - with the 'values, goals and strategies confusing at times'. In general though, as we said last year, trainees are pretty happy with Pinsent Masons. It offers a broad and thorough training contract (including expertise in specialist areas such as construction) and a chance to be 'part of a journey from a national outfit to a firm of truly global operations'.