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10 Snow Hill London EC1A 2AL
Favoured by 5 users
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The lowdown (in their own words...)Why did you choose this firm over any others? 'Stellar reputation as a quality outfit, plus my vacation scheme showed me what a friendly and collegiate place it is'; 'impressive and energetic firm with a supportive environment geared towards developing the potential of its employees'; 'excellent reputation in corporate field'; 'no-nonsense attitude to recruitment with interesting interviews' How does your training compare with peers' at other firms? 'Much more involved approach from the firm, more realistic expectations'; 'treated like part of the team, better exposure to partners'; 'more hands-on, more interesting tasks'; 'hours better than Magic Circle'; 'have fewer complaints than peers'; 'less formal training, more on-the-job learning' Best thing about the firm? 'The people - the partners show a genuine interest in you and everyone at the firm is friendly'; 'exposure to top-class work'; 'the way in which you are given responsibility and valued from an early stage'; 'the partner/assistant/trainee room sharing system is a brilliant way to learn' Worst thing about the firm? 'The canteen is in the basement and closes at 4pm'; 'the sandwiches at training sessions'; 'the IT system'; 'lack of female partners. It's not a daily worry but overall it definitely needs improving!'; 'lack of international exposure'; 'heavy focus on M&A means less work in the recession'; 'no gym'; 'less well-known than rivals' Best moment? 'Taking a witness statement from a Premier League football manager'; 'seat in Paris'; 'doing my first completion on my own at Jimmy Choo's offices surrounded by hundreds of beautiful shoes'; 'being left to negotiate a compromise agreement on my own - with a senior partner (from a small firm) on the other side' Worst moment? 'Being in until 4am putting documents in order'; 'scoring the deciding own goal in a mixed hockey match against Linklaters'; 'thinking I had accidentally put some original documents in the shredding bin, spending a very public half hour head first in the bin trying to retrieve them, only to find them on my desk' The firmTravers Smith's calling card remains M&A and private equity and it now ranks alongside Ashurst and Freshfields for private equity deals. It also has a strong upper mid-cap ECM practice, and is highly rated for non-contentious/regulatory financial services, where recent panel appointments include the FSA and the Bank of England. Travers Smith offers clients a 'first-class service', combined with a 'commercial and pragmatic approach' and a 'can-do attitude'. The star performersAcquisition finance; Banking litigation; Commercial litigation; Commercial property; Corporate tax; Financial services; Flotations; M&A: upper mid-market and premium deals, £250m+; Pensions; Private equity. The dealsAdvising Burren Energy on its £1.7bn sale to ENI; representing Fairfax on the £56m IPO of Terra Catalyst; representing newsagent and tobacconist Martin McColl in the OFT's tobacco price-fixing investigation; acting for a bond trader in relation to an FSA market abuse matter. The clientsAgua Terra; Barclays Private Equity; Bridgepoint Capital; Exponent Private Equity; Langholm Capital; Lloyds Banking Group; Lyceum Capital; Marwyn Investment Management; Phoenix Equity Partners; TA Associates; 3i. The money(from Legal Business magazine) Turnover in 2008: £81m (+3% from 2007) Profits per equity partner: £755,000 (-8%) The Lex 100 verdictAs we said last year, if it's top level corporate/commercial training in a medium-sized firm you're looking for, then Travers Smith is as perfect as you're likely to get. Once again trainees praise their firm for pretty much every aspect of the training contract and this high opinion was formed from day one of the selection process. 'The interviewers really got to know me by asking questions that were different from the mundane approach taken by other firms' comments one, while another remarks – 'my vacation scheme showed me what a friendly and collegiate place this is'. Add to this, an 'impeccably high quality of work', 'an impressive and energetic approach to clients and deals', 'a complete absence of arrogance' and 'the people who are academically excellent as expected, but also have fantastic client relationship skills' and you have a winning combination. No surprise then that Travers Smith is once again a Lex 100 Winner in an impressive four categories – job satisfaction, firm living up to expectations, friendliness and social life. The firm is also praised for its great balance of early responsibility and support, which many trainees put down to the 'excellent room sharing system', where trainees generally share a room with a partner and an assistant. This allows them to watch and listen to people at the top of their game and be in a position to ask for help when required. There are minor grumbles again of course – they're still not happy that the café closes at 4pm and the sandwiches in training sessions could be better. Some would like to see a greater international dimension to their work and others are concerned about the focus on M&A work, particularly in a recession. However, the firm is well known for loyalty to its staff and vice versa, so trainees take comfort from that. If you're looking for first-class training with 'brilliant but fun and friendly people' in a 'hard-working but unpretentious atmosphere', then Travers Smith is a great choice. A day in the life of..... Stephanie Lee first-year trainee, Travers Smith LLP University: Jesus College, Oxford University Departments to date: Pensions, litigation Degree and class: Classics 2(1) 9.00am: I arrive at the office and head to my desk. Having spent a few minutes checking my voicemail and emails for anything urgent, I then skim-read the legal updates that I receive every morning: they are a great way to keep up-to-speed with any developments in the law, and – particularly important in litigation where I am sitting – to find out about any landmark cases. I chat to the assistant I share a room with about a ruling I feel may have a bearing on a case we are working on. Sharing a room with both a partner and assistant means I get exposure to work of all levels, but also ensures I can always ask questions that are (almost!) never too silly.I have a client meeting this morning, but since I feel prepared for it, I have time to dash to the canteen for my first cup of coffee of the day and a catch up with everyone else who has had the same idea as me.10.30am: The meeting is with an employee of our client, who will be giving a proof of evidence. Commercially sensitive and with a high value, there is much at stake in this case, and so getting good witness evidence is key. The assistant will lead the meeting, but I am expected to know my way around the documents and assist the interview process, clarifying points where necessary. It will be my job to produce a record of the meeting, so it is important to pay attention to exactly what is said and make sure we have the information we need to prepare the witness statement. Although the meeting is long and the work intensive, it gives me a valuable opportunity to get to the heart of the case and build a relationship with the witness and the client. 1.00pm: The meeting over, we head back to the office. I have lunchtime training seminars a couple of days a week, but today my schedule is free, so I pop down to the canteen to have lunch with some of the other trainees. Because our trainee intake is relatively small, we have all got to know each other, and there is always a friendly face on the other side of the table. There is also plenty of socialising with people at all levels of the firm, be it Friday-night drinks, wine tastings or sports matches.1.50pm: While fresh in my mind, I dictate a note of the morning's meeting. Since the supervising partner was not there, I stick my head around his door to let him know how it went. He asks me to produce a first draft of the witness statement: although a daunting task, it is great to be given this chance to use my initiative, safe in the knowledge that help will be there if I need it. I decide to approach this the following day once I have had the opportunity to reflect on the information the witness gave us. 3.15pm: My supervisor asks me to do some urgent research on a tricky defamation point. No time to panic, I gather the necessary information with help from our information centre, draw my conclusions and brief the partner. He thinks my reasoning sounds sensible and we call the client to advise – it is satisfying to feel that my opinions are valued and relied upon, although nerve-racking that it does not emulate the research done at law school where there is always a 'right' answer!6.50pm: With no more pressing work to be done today, I prepare a to-do list for the following morning to keep track of all the work I have on. My inbox is full of 'all trainees' emails discussing a trip to our local, so I head around the corner for a quick drink before hopping on the tube home. About the firm Address: 10 Snow Hill London EC1A 2AL Telephone: 020 7295 3000 Fax: 020 7295 3500 Email:
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Senior partner: Alasdair Douglas, Managing partner: Chris Carroll
Total partners: 65 Other fee-earners:154 Total trainees :48
Other offices: Paris. Who we are: A medium-sized City firm with a major corporate and commercial practice. What we do: The main areas of our practice are corporate law, commercial law, litigation, corporate recovery/insolvency, EU/competition, tax, employment, pensions, banking and real estate. What we are looking for: Applicants who combine academic excellence with common sense. Determined and articulate people who think on their feet, are self-motivated and who take their work but not themselves seriously. What you will do: Trainees sit in four different departments. They share an office with partners and assistants, receiving an individual and extensive training which provides client contact and responsibility from day one. Perks: Private health insurance, permanent health insurance, life assurance, corporate health club membership, subsidised bistro, season ticket loan. Sponsorship: Payment of GDL and LPC fees plus maintenance of £6,500 (£7,000 if studying in London). Application processApply to: Germaine VanGeyzel, Graduate Recruitment Manager. How to apply: Online via our website. When to Apply: By 31 July 2010 for 2012 training contracts. What is involved: Two interviews for training contracts. One interview for a vacation scheme place. Facts and figuresTrainee places available for 2012 25 Applications received pa 2,000 Percentage interviewed 15% SalaryFirst year £36,000 Second year £40,000 Newly qualified £58,000 Placement schemesWinter: 7-18 December 2009 (apply from October 2009). Summer: 21 June-2 July, 5-16 July, 19-30 July 2010 (apply by 31 January 2010). |