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One South Place London EC2M 2WG
Favoured by 4 users
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The lowdown (in their own words...)Why did you choose this firm over any others? 'Relative breadth of practice groups'; 'excellent clients'; 'global reach'; 'high salary'; 'high retention rate'; 'learn from experience rather than training'; 'friendly inclusive atmosphere'; 'sensed that they might be better poised to ride out the downturn than some other US firms in London'; 'the smaller trainee intake' How does your training compare with peers' at other firms? 'More responsibility'; 'less hand-holding across the road and more belly-flops into the deep end'; 'longer or more unpredictable hours'; 'my hours have actually been better than those of my peers at other firms'; 'extremely fast learning curve - your first seat goes from 0-60 in record time' Best thing about the firm? 'The balance between prestigious private equity work and big-ticket restructuring work means that the firm can boom in good times and be hedged in the bad'; 'not afraid to give trainees top-quality work and put them in front of clients'; 'early responsibility means you feel like part of a team'; 'everyone is incredibly friendly' Worst thing about the firm? 'Fewer social events'; 'too focused on private equity'; 'food service allowance and taxis only kick in after 10pm'; 'the hours and culture in some (but not all) departments'; 'failure to provide secondments to New York and Silicon Valley offices'; 'the constant politics'; 'can be an unnecessarily stressful working environment, although people are friendly'; 'it's hard to predict when you are going to be busy so often end up cancelling plans' Best moment? 'Closing deals and celebrating with the client is always good'; 'getting to go home when there was still (some) daylight outside'; 'going to take witness statements at a client'; 'good feedback from partners'; 'making a difference with pro bono'; 'I get on really well with my supervisor and team and have had some great giggles in my office'; 'closing abroad with two partners for high-profile clients' Worst moment? 'The embarrassment of admitting to (inevitable) mistakes'; 'disclosure exercise'; 'proof reading at 2am'; 'not having foreign secondments reintroduced' The firmWeil, Gotshal & Manges handles numerous high value UK deals thanks to its highly rated private equity capability and international platform, and a growing corporate client base. The firm also benefits from 'world-class' corporate restructuring capability, with an emphasis on portfolio restructurings and distressed acquisitions, and has a solid arbitration offering. The star performersAcquisition finance; Arbitration; Commercial litigation; Commercial property; Corporate restructuring and insolvency; Corporate tax; EU and competition; Equity capital markets; Hedge funds; High yield; M&A: upper mid-market and premium deals, £250m+; Private equity; Securitisation. The dealsAdvised Advent International on the sale of Poundland to Warburg Pincus; advised Chr. Hansen Holding on its IPO and listing on the Nasdaq OMX Copenhagen; advised on a rights offering and global offering of shares on the Swiss Stock Exchange; acted for the underwriters in the IPO of the Warsaw Stock Exchange in its privatisation; advised Home Delivery Network on its acquisition of DHL Domestic. The clientsBain Capital; Barclays Capital; Citi; Credit Suisse; Deutsche Bank; Dubai International Capital; EAB; Elementis; Goldman Sachs; Lehman Brothers Special Financing; Morgan Stanley; ONO; Summit Partners; Teachers' Private Capital. The winnersLegal Business Awards 2011 Highly commended Private Equity team of the year; Restructuring team of the year; CSR Programme of the year. The VerdictIf you want a firm with 'excellent clients, global reach, a high salary and a high retention rate' and feel that M&A and private equity work could be a good fit for your skills, then you should consider US firm Weil, Gotshal & Manges. The firm scores highly for its vacation scheme, just missing out on being a winner this year, and trainees comment on how much fun they have on the scheme. With a 'real focus' on training they also feel that they get better 'on-the-job training' and that the quality and variety of work given is much better than some of their peers'. There is also 'plenty of opportunity to have a central role in deals early on' and 'regular feedback' is given. Refreshingly for a firm of its size there is also 'no fear of putting trainees in front of clients' which is a great confidence boost. Some feel that HR can be a little secretive about seat changes which can occasionally promote competition between the trainees and the 'absence of foreign secondments' is a bit of a disappointment. It can also be (perhaps unsurprisingly) quite 'high pressured' in the corporate seats. But trainees are thrilled by the opportunity of 'making a difference with pro bono activities' and the friendly and good-humoured staff make all the difference when it gets stressful. For those with bags of independence and drive, looking for a firm with a great international reputation and plenty of spirit, Weil, Gotshal is perfect. A day in the life of.....Ellie Fialho , trainee associate, Weil, Gotshal & Manges Departments to date: Intellectual property/information technology, corporate (private equity) University: Gonville & Caius College, Cambridge Degree: Music, 2(1) 8.30am: After a brisk ten-minute walk into work I arrive at the office a little earlier than usual to attend a breakfast training session led by two senior corporate partners. It focuses on a recent trend in private equity transactions being funded directly with the proceeds of a high-yield bond, without using bridge finance. This is something I have been aware of on several of our recent deals and the session offers a brilliant opportunity to learn from two eminent partners in the field and to fully understand the mechanics and issues that might arise when advising on this kind of deal. 9.45am: Back at my desk, I check through the completion agenda I have been compiling for the last few weeks. One of our private equity clients is bolting together two portfolio companies and the deal (for which Weil is leading the corporate side) is due to complete next week. In preparation for closing, a number of documents are being signed today at the offices of the firm representing the banks. I work through the agenda, checking final points with my supervisor, a senior corporate associate, and co-ordinating certain documents being prepared by our Luxembourg counsel. I have always been an organised person, but being a corporate trainee has refined my managerial and organisational skills even further! 11.55am: My supervisor asks if I am comfortable attending the signing meeting without him. Although he is happy to come with me if not, this is an example of how trainees at Weil really are given the opportunity to take responsibility and gain exposure to clients and other lawyers. Although I am slightly daunted as I head over to the meeting, I have discussed our documents at length with my supervisor and am encouraged that he has entrusted me with the signing. 1.00pm: Most documents have now been signed but one of the management team in attendance has asked me how a development will affect the transactional documents. I explain that terminations of directorships do not require board approval but that I will need to speak to my colleagues back at Weil who have all the documents in front of them to explain the impact on the share movement provisions in the documents. After a quick call to my supervisor, who checks the constitutional documents to find a solution, I step back into the signing room and explain the process to each of the managers present. Clearly, this was not something we had been anticipating but I am pleased to have handled the situation calmly and professionally, having seen similar situations arise in meetings I have attended previously. 3.00pm: Back at the office, I update the completion agenda and send some follow-up emails from the meeting. 4.00pm: One of the senior partners from the corporate team comes round with a mark-up of a consultancy agreement I drafted for another of our private equity clients. He talks me through the agreement and explains the rationale behind the changes he has suggested, giving me ample opportunity to ask questions and clarify as necessary. Trainees at Weil are given great exposure to partners and associates at all levels, and people are patient and supportive in helping you to learn and develop your skills. I work through the partner's suggestions and return the amended agreement. I feel a great sense of achievement, as this is the most substantial document I have drafted yet. 6.45pm: Working at Weil is definitely not all work and no play! Our Prague offices have a table at a legal awards ceremony this evening but many can no longer attend. I am one of a group of trainees, associates and partners from the London office attending in their place. After a quick change into something more glamorous, I hop into a taxi and head to the Dorchester. About the firmAddress: One South Place, London EC2M 2WG Telephone: 020 7903 1074 Fax: 020 7903 0990 Website: www.weil.com/ukrecruiting Email:
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Other offices: Beijing, Boston, Budapest, Dallas, Dubai, Frankfurt, Hong Kong, Houston, London, Miami, Munich, New York, Paris, Prague, Providence, Shanghai, Silicon Valley, Washington DC, Warsaw, Wilmington. Who we are: Weil, Gotshal & Manges is a premier international law firm, with over 1,200 lawyers worldwide and a reputation for providing first-class US and European legal advice that meets the commercial needs of its international corporate and finance clients. What we do: Our key areas are private equity; M&A; business finance and restructuring; capital markets; securitisation; banking and finance; dispute resolution; and tax. What we are looking for: We are looking for lawyers with the ability to handle the complexity of international transactions. But more than that, we need people who can contribute to the continued development of our London office. We aim to recruit down-to-earth people with the intelligence, personality and drive to be happy and successful in an entrepreneurial environment. What you'll do: Trainees share an office with either a senior associate or a partner and receive day-to-day training. Regular in-house training seminars and workshops, including legal training, business development and skills training. Perks: We offer a flexible benefits package. The core benefits package includes: single private medical insurance; permanent health insurance; life assurance (death in service); pension; health screening; and birthday holiday. The optional/flexible benefits available include: wellbeing allowance; critical illness allowance; additional private medical insurance; dental insurance; additional life assurance; buy/sell up to two days holiday; South Place Café credit; retail vouchers; childcare vouchers; Ride2Work vouchers; and GAYE charity contribution. Sponsorship: Full GDL and LPC fees paid, plus a maintenance grant of £8,000 per annum. Application processApply to: Jillian Singh, Graduate Recruitment Manager. How: Online application form. When to Apply: Vacation scheme: by 31 January 2012. Training contracts for 2014: by 31 July 2012. What is involved: Vacation Scheme: online verbal reasoning test, one interview lasting around 45 minutes. Training contracts: online verbal reasoning test, first interview (lasting around 45 minutes), assessment day including group exercises, second interview, written test. Facts and figures Trainee places available for 2014: Up to 10. Applications received pa: Approximately 500 for vacation scheme and 735 for training contracts. Percentage interviewed: 75% for both vacation scheme and training contracts. SalaryFirst year: Vacation scheme: £400 per week. / First Year < £41,000. Second year: £45,000. Newly qualified: £97,000 inc. 5% pension contribution.
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