The firm
Reynolds Porter Chamberlain remains a strong presence in insurance, particularly the regulatory side, and has an outstanding reputation for professional negligence, acting for three of the Big Four accounting firms. TMT is another area of strength, and it has a leading defendant defamation practice, acting for Associated Newspapers and Independent News and Media among others. It is also recommended for mid-market M&A.
The star performers
Brand management; Clinical negligence (defendant); Commercial litigation; Construction; Defamation and privacy; Education; Employment; Insurance; Insurance and reinsurance litigation; IT and telecoms; IP; M&A: lower mid-market, £50m-£250m; Partnership; Personal injury; Product liability; Professional negligence.
The deals
Advised SCA on £100m disposal; advised HMV Waterstone on its acquisition of 14 stores from Zavvi; successfully defended Mohammed Meer (previously Nelson Mandela's lawyer) in the Court of Appeal against accusations of fraud brought by the Zambian Government; represented the Daily Mail, the Daily Mirror, the Daily Express and The Sun in the proceedings brought by Robert Murat; handles all the letting work for the Cancer Research UK retail portfolio.
The clients
AstraZeneca; Catlin; Chubb; Eidos; Marketform; Novae; QBE; Reuters; SCA; Universal Music Group; W R Berkley.
The money
(from Legal Business magazine)
Turnover in 2008: £57.9m (+9% from 2007) Profits per equity partner: £305,000 (+3%)
The Lex 100 verdict
A great choice for those seeking a City firm with a focus on litigation, Reynolds Porter Chamberlain has a 'fantastic reputation in the insurance market' plus 'a huge range of work'. Several trainees had great vac scheme experiences, with one concluding 'my time here has confirmed my first impressions were right and that the firm was friendly, forward thinking and willing to give responsibility to trainees'. And yes, there certainly is responsibility ('we are encouraged to pick up the phone and speak to clients from day one'), as well as client contact where the firm is a Lex 100 Winner ('friends in Magic Circle firms have still not met clients - I have had a lot of exposure already'). Hours are pretty decent too with 'fewer late nights but the same level of work and more responsibility'. Trainees report diverse work experiences ranging from a 'complex gross negligence manslaughter trial' to 'running my own files in insurance - corresponding with the other side, our client and loss adjustors in order to reach a settlement'. One simply says that 'the opportunity to get stuck into real law' has been the best thing - 'taking witness statements from clients, attending mediations and hearings'. Perhaps inevitably for a firm with a strong contentious practice, trainees do get intimate with bundles and be aware that there are 'limited opportunities if you're not interested in insurance litigation', with not a huge variety of non-contentious work available. The competition between trainees for media, IP and employment seats has been tough in the last few years and trainees find 'seat changing is always quite a stressful time due to over-subscription of certain areas, although lots of changes are being made'. The open-plan set up continues to be popular making it easier to communicate and contributing to 'the collegiate atmosphere'. And RPC is certainly the first firm in this book where a trainee has singled out 'the potential to meet your future husband/wife!' as one of the best things about working here - we're intrigued!