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Slaughter and May 
One Bunhill Row London EC1Y 8YY
Lex 100 winner
Favoured by 3 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? 'Reputation as the top firm in the City'; 'very intellectual feel'; 'extremely welcoming'; 'supportive atmosphere'; 'reputation'; 'quality of training'; 'type of work'; 'prestige'; 'excellent quality of work'; 'unique culture'; 'focused training'; 'mature and stimulating recruitment approach'; 'first-class reputation' 

How does your training compare with peers' at other firms? 'Hours are more reasonable'; 'ours appears to be more structured and very comprehensive, although trainees might be afforded less responsibility here than elsewhere'; 'we probably get less client contact and are more protected during training'; 'a steep learning curve at NQ level' 

Best thing about the firm? 'No 'face-time' culture'; 'working alongside tremendous lawyers'; 'very supportive and friendly team ethos'; 'profile of deals'; 'market-leading work'; 'the fact that it doesn't at all conform to its stuffy (external) stereotype'; 'the discouragement of competition among staff (no billable targets)' 

Worst thing about the firm? 'Sometimes its internal procedures (grading criteria; seat and secondment allocation) can be rather opaque'; 'the firm does not have many paralegals'; 'strongly embedded hierarchy can lead to reluctance in putting forward your own point of view or ideas'; 'the facilities do not compare to other firms of similar standing' 

Best moment? 'Being sent abroad for a signing'; 'going on a client secondment'; 'being invited to a completion dinner by a very kind partner despite only being a trainee'; 'recognition of your work is always a great moment'; 'secondment to Hong Kong'; 'being trusted in my first seat to negotiate disclosures with the other side' 

Worst moment? 'Dealing with paperwork and IT issues raised by virtual signings under time-pressure'; 'seemingly endless months of document review'; 'making mistakes'; 'working through three days and nights in a row'; 'nearly failing to register a charge at Companies House'; 'being given a difficult task late at night when your mind is not at its best' 

The Lex 100 verdict

The firm

Slaughter and May is distinguished from its Magic Circle competitors by its smaller size, independent status and 'best friends' strategy, and is recognised for the calibre and versatility of its lawyers, as well as for the depth and quality of its corporate client base. 

The star performers

Acquisition finance; Asset finance and leasing; Bank lending; Banking litigation; Commercial litigation; Commercial property; Corporate restructuring and insolvency; Corporate tax; EU and competition; Equity capital markets; Financial services; Insurance (corporate and regulatory); M&A: upper mid-market and premium deals, £250m+; Pensions; Securitisation.

The deals

Advised INEOS, the world's fourth-largest global chemicals producer, on a strategic joint venture with PetroChina; acted for Prudential on its ultimately unsuccessful attempt to acquire AIA Group from AIG for $35.5bn; advised Santander UK on its agreement to acquire parts of the banking businesses of RBS, involving 311 branches nationwide; advised Asda on its acquisition of Netto.

The clients

Arsenal FC; Burberry; Diageo; Global Infrastructure Partners; Goldman Sachs; the board of Liverpool FC; Ocado; Royal Mail; Silver Lake; Standard Chartered; Terra Firma; Tomkins; United Utilities.

The money

(from Legal Business magazine) 

Turnover in 2010: £431m (0% from 2009) Profits per equity partner: £1,640,000 (0%) 

The winners

Legal Business Awards 2011

Winner Corporate team of the year, Competition team of the year. Highly recommended Dispute Resolution team of the year, Real Estate team of the year, Restructuring team of the year, TMT team of the year; Lawyer of the year, Law firm of the year. 

The Verdict

A Lex 100 Winner again for confidence of being kept on, Slaughter and May is well known for investing in its trainees. Regarded as one of the 'top' firms in the City with a 'stellar reputation' for its corporate work, candidates like its 'very intellectual feel' and 'extremely welcoming and supportive atmosphere'. Current trainees rate their training as 'excellent' and 'more structured and very comprehensive'. They like the firm's 'generalist' approach and the fact that there are no target hours means that, despite its Magic Circle status, it scores well for stress levels. Another advantage is that you will be working closely with some 'extremely good' lawyers and although the fact that the firm 'does little 'plain vanilla' work - everything is either huge or unique' means that client contact is not great, there are plenty of opportunities to 'learn by osmosis'. Hours again cause the most complaint this year, although the firm does avoid having a 'face time' culture, so there will be no sitting around in the office unnecessarily and more feedback would also be appreciated. Due to the careful growth strategy there are fewer international secondment opportunities than at other similar-sized firms. Slaughters is quite simply 'in a league of its own' and thanks to its brilliant training and excellent reputation you can be guaranteed a fantastic start to your legal career if you're lucky enough to bag a contract here.

A day in the life of.....

A day in the life of.....

Andrea KeeleyAndrea Keeley, fourth-seat trainee solicitor, Slaughter and May 
Departments to date:  Finance, corporate, commercial real estate, tax, pensions and employment
University: University College London 
Degree: French, first class 

8.30am: I arrive at work and check my emails to see if anything urgent has been sent to me before my arrival. I have got in to work a little earlier today as there is a recommended takeover going on at the moment, for which my supervisor is leading the deal. Today we are submitting a further proof of the draft combined circular and prospectus and, following production of the amended document overnight, I need to check that all amendments from the involved parties have been inserted before it can be circulated.

9.30am: Once I have checked all of the amendments have gone in, I speak to the associate involved to confirm this to him, and then set about compiling the checklists that detail the prospectus rule and listing rule annotations necessary before submission to the UK Listing Authority (UKLA).

11.00am: Nearing the end of completing the checklists, another associate asks me to conduct an urgent company search and winding up petition for a company that is about to do an initial public offering (IPO). I do this as quickly as I can and prepare a file note that details my findings.

12.15pm: The checklists are complete and I circulate them to the banks involved in the transaction with the latest draft of the prospectus before submission to the UKLA later on.

12.30pm: There are frequent guest speaker talks at the firm, and this lunchtime there is a sports correspondent and former sports editor at the BBC who has come to speak about whether sport shapes culture. It is very enjoyable and a good way to broaden the mind.

1.30pm: Where possible, I attend sessions at a local secondary school as a volunteer for the lawyers in schools programme. Once a month a group of trainees, associates and partners from the firm can spend time running citizenship classes. It is heartening to take part in pro bono work, and a great way to develop skills on a personal level as well.

2.30pm: I arrive back at the office and find that my supervisor has forwarded an email to me from a client wanting to know more about the cross-border merger directive. I am asked to prepare a research note on this topic. I set about researching the area of law, and speak to an associate who took part in a training session that covered this directive. It is very helpful to be able to approach associates so easily and frankly as part of the firm's open-door policy. She also refers me to another associate to speak to, who has a collection of notes on the topic.

4.00pm: I check with the banks that the draft prospectus has been submitted to the UKLA, and after a short conversation, I circulate the latest draft to all parties.

4.10pm: After this, and having gathered my own research and that from my colleagues concerning the cross-border merger directive, I read it all through and start to form a concise note that will be detailed but also client-friendly.

6.00pm: My note is complete and ready to send to my supervisor just before departmental training. Every month, the department in which I sit runs informative group training sessions for all fee-earners that cover topics and transactions that are commonly tackled by the department.

7.00pm: I head back to my office to check my emails, and then check with my supervisor if there is anything further that I can help with this evening. I remind him that I have a professional skills course session the following morning. These sessions run throughout the training contract as a Law Society requirement, and tomorrow's session is on commercial contracts. I check that I have all the materials ready for this in preparation for tomorrow, and then head off to the gym across the road for a spin class.

About the firm

About the firm

Address: One Bunhill Row, London EC1Y 8YY

Telephone: 020 7600 1200

Fax: 020 7090 5000

Website: www.slaughterandmay.com

Email:  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Senior partner: Chris Saul

Total partners: 125

Other fee-earners: 550+

Total trainees: 191

Other offices: Beijing, Brussels and Hong Kong, plus 'best friend' firms in all the major jurisdictions. 

Who we are:  Slaughter and May is a leading international law firm whose principal areas of practice are in the fields of corporate, commercial and financing law. 

What we do: Our clients range from the world's leading multinationals to venture capital start-ups. They include public and private companies, governments and non-governmental organisations, commercial and investment banks. 

What we are looking for: A strong academic background (high 2(1) ability or better), plenty of common sense and the willingness to accept responsibility. We are interested in applications from any source - over 50 universities are represented among the lawyers who work for the firm. 

What you'll do:  A training contract with the firm gives a thorough grounding in the practice of being a solicitor, combining formal sessions with a high degree of hands-on experience.

Perks: Private medical insurance, money purchase pension scheme with life cover, interest-free loan, childcare vouchers, interest-free season ticket loans, personal accident cover, subsidised staff restaurant and coffee bar, special membership terms for healthclub, corporate entertainment benefits. 

Sponsorship: The firm pays for tuition and examination fees for both the CPE/GDL and LPC courses and also provides a maintenance grant. 

Application process

Apply to: Mel Binks, HR manager. 

How: Through our online system (www.slaughterandmay.com). 

When to Apply: See website for deadline dates. 

What is involved: Interview with two partners. 

Facts and figures

Trainee places available for 2014: 90 

Applications received pa: approx 1,800 

Percentage interviewed: 25% 

Salary

First year: £38,000 

Second year: £43,000 

Newly qualified: £61,500 

Vacation schemes

Spring: 16-20 April 2012. 

Summer: Two-week periods from Monday 18 June 2012 (see website for application dates).