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Watson, Farley & Williams LLP 
15 Appold Street London EC2A 2HB
Lex 100 winner
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The trainee verdict

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The lowdown (in their own words...)


Why did you choose this firm over any others? 'Overseas seat, shipping law, good size intake of trainees'; 'small, but with international focus, plus opportunity to work with leaders in their field'; 'did vac scheme here and liked the atmosphere'; 'reputation as a leading shipping firm. Size and atmosphere'; 'impression at interview, six seat training and overseas seat'

How does your training compare with peers' at other firms? 'Usually better - greater degree of hands-on stuff'; 'probably less organised training schemes (with the exception of the PSC) but better training from supervisors who are all really approachable'; 'I have no doubt that my training contract here will provide me with just as good experience and knowledge as training contacts with the Magic Circle firms'

Best thing about the firm? 'Everyone is very approachable and friendly'; 'guaranteed overseas seat'; 'support given to trainees'; 'the overseas seat and Philippe the chef'; 'the six-seat training contract'; 'the fact that the firm is young and expanding and trainees are seen as having a valuable input' 

Worst thing about the firm? 'Not enough sports teams to get involved in'; 'some departments need to grow to ensure a steady stream of decent work'; 'it's not as social as it could be'; 'lack of pro bono/CSR schemes for staff to join in with'; 'the over-enthusiastic air-conditioning'

Best moment? 'Being told I was trusted in the department and being given a file to run'; 'four months in the firm's Paris office'; 'being thanked by fellow colleagues for work I have done during my last seat'; 'going to a meeting on my own and having a lot more responsibility than I would have expected at my level and of course the seat abroad!'

Worst moment? 'Coming into work having worked really late the night before to find the client had complained to the partner about a minor mistake in my e-mail'; 'spending three days tied to the scanner!'; 'hand-paginating documents in my litigation seat'; 'trying to organise about 200 documents ready for a signing within a very tight time frame'



The Lex 100 verdict

The firm

Watson, Farley & Williams has a well-established record in the maritime, energy and finance sectors, with international work a real area of strength. It has a leading ship finance practice, advising a portfolio of banks and owners, and a strong name in cross-border dispute resolution. The firm recently added a second German office to its raft of international offices across Europe, Asia and the US.


The star performers

Arbitration; Employment;Asset finance and leasing; Shipping;Banking litigation; Transport.Commercial litigation;

The deals

Advised Citibank on an $850m ECA-backed bank facility for a drillship newbuilding; advised Ericsson on a $90m vendor financing for a mobile phone network in Ghana; advised Deutsche Bank AG on a $95m inventory financing for PT Tripanca Group of Indonesia; advised Oriel Securities and Tristone Capital on the £50m AIM IPO of Valiant Petroleum.

The clients

BHP Billiton; BNP Paribas; Fortis Bank; Hydro Aluminium; Lloyds TSB; MRI; Standard Chartered Bank; Stemcor; Trafigura.

The money

(from Legal Business magazine)

Turnover in 2008: £59m (+9% from 2007) Profits per equity partner: £424,000 (+7%)


The Lex 100 verdict

'The guaranteed overseas seat' is one of the biggest attractions of Watson, Farley & Williams. This medium-sized commercial firm is well known for its global outlook and international work as well as its leading shipping practice. Trainees like the fact that there are 'real leaders in their field' and the firm is small enough to get to know everyone. They believe they have more hands-on work and more partner contact than peers at other firms and that staff from top to bottom are friendly and 'more human than some places'. The training is perhaps less organised and less structured than at some firms, but 'we have more on-the-job training from supervisors who are approachable'. There is also a feeling that the firm is young and expanding and trainees are seen as having a valuable input. On the downside, trainees comment that there are not enough organised social/sports events and they would like more pro bono/CSR schemes to get involved with. However, if it's interesting, international work and high levels of involvement and responsibility you're looking for, you've come to the right place. And if good food is important, you'll be in heaven - once again Philippe, the famous head chef, gets several mentions as the best thing about the firm.

A day in the life of.....

A day in the life of.....

Sarah Phillips first-year trainee solicitor, Watson, Farley & Williams LLP
University: London School of Economics and Political Science
Departments to date: EC/competition, shipping finance and litigation
Degree and class: Social anthropology, 2(1)

9.00am: Arrive at the office and stop off at the firm restaurant en route to my desk for breakfast. I am working as part of the firm's litigation team and have arrived slightly earlier than usual (most people get in for 9.30am) as I have a hearing in the Court of Appeal today in relation to an appeal of a judgment that we secured for a client in September 2008. 9.10am: I quickly read emails I have received overnight to see if anything has come in on this or any of my other cases. My supervisor is speaking to a partner in the firm's Singapore office who is ultimately responsible for this file, so I double-check that I have packed everything that we might need during today's hearing. Since joining the litigation team in May I have had to read into this case so that I have some background understanding of the appeal. Trainee seats in WFW are four months long. As a result we aren't generally involved in cases from start to finish. However, given the number of cases that the department is generally handling at any one time, trainees get a broad exposure to all stages of the litigation process.9.45am: My supervisor and I jump into a cab and head to the Royal Courts of Justice. I have been asked to take a detailed note, which will form the basis of a memo that I will send to the partner in Singapore. My supervisor works closely with members of our litigation teams in Singapore and Bangkok on a number of ongoing pieces of litigation involving clients based in south east Asia. This has meant that I have worked closely with lawyers in these offices. Hopefully this will put in me in good stead for my seat in Singapore. I will be heading out there in September with Emily, one of the other trainees, where we will share a flat and an office. We are already planning our weekend trips to the surrounding islands!10.25am: We have a brief conference with counsel before the appeal hearing begins.

As we are not the ones appealing, it is the other side's counsel that makes their submissions to the Court of Appeal judges first.1.00pm: As the appellant's counsel finishes his submissions, the judges adjourn the hearing for an hour. We head over to counsel's chambers in Gray's Inn for a sandwich lunch and call our Singapore office to provide them with an update.1.50pm: We head back to court. On the way, my supervisor takes the opportunity to see if I have any queries regarding the appellant's submissions and to get my impression on how I think they were received by the judges.4.10pm: The appeal hearing has come to a close and after a short debrief with counsel we head back to the office. Hopefully we will get the Court of Appeal's judgment before I leave for Singapore.5.00pm: My supervisor gives me a file of my own to run under his supervision. It's a disputed debt claim being brought against one of the firm's clients. My first task will be to prepare the first draft of the client's defence and to advise the client in relation to a potential counterclaim. I am looking forward to this as it's a real chance to practice my drafting skills.6.00pm: I head downstairs to meet the WFW netball team for our weekly match. The netball team has recently been formed and it is a great way to meet other people from the firm besides the trainees. There aren't any criteria for joining - beginners are welcome - which is a good job seeing as I haven't played since I was at secondary school!



About the firm

About the firm

Address: 15 Appold Street London EC2A 2HB
Telephone: 020 7814 8000 Fax: 020 7814 8017
Website:  www.wfw.com
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Managing partner: Michael Greville
Total partners: 91
Other fee-earners:240
Total trainees :26
Other offices: London, New York, Paris, Hamburg, Munich, Rome, Milan, Athens, Piraeus, Singapore, Bangkok.

Who we are: Watson, Farley & Williams was founded in 1982 in the City of London and has since grown rapidly, with a total staff of over 540.

What we do: The firm is divided into five international practice groups: international corporate, international shipping finance, international project and structured finance, international litigation and international tax. These are not divided by location but work together internationally.

What we are looking for: Graduates with a sound academic background, who exhibit enthusiasm, ambition, self-assurance, initiative and commercial awareness.

What you will do: Trainees undertake six four-month seats with a partner or a senior assistant. A trainee can expect a four-month period in Paris, Piraeus, Singapore or Bangkok. Trainees will also have one seat in a more specialised area such as tax, property, employment or EU competition. Trainees undertake professional skills training and we hold in-house seminars with guest speakers and partners.

Perks: At commencement of employment: 25 days' holiday, income protection scheme, life assurance, employee assistance programme. After three months: group personal pension scheme, annual interest-free season ticket loan, £250 contribution towards a sports club membership of your choice. After six months: WFW healthcare membership.

Sponsorship: GDL and LPC sponsorship available, plus maintenance grant (see below): outside London - £5,500 per annum; inside London - £6,500 per annum.

Application process

Apply to: Louise Turgoose, Graduate Manager.

How to apply: Online application form.

When to Apply: By 31 July 2010 for 2012 training contracts.

What is involved: Online application form, assessment centre, interview.

Facts and figures

Trainee places available for 2012 12-14

Applications received pa 800

Salary

First year £35,000 (2008)

Second year £40,000 (2008)

Newly qualified Competitive

Placement schemes

Spring: April (apply by 31 January 2010).

Summer: June, July (apply by 31 January 2010).