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16 Old Bailey London EC4M 7EG
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The lowdown (in their own words...)Why did you choose this firm over any others? 'Because I wanted to work with and for individuals'; 'opportunity to do family and private client work at the highest level but also gain high-level commercial and corporate experience'; 'variety of practice areas meant I would have a more rounded training, and the atmosphere is really friendly' How does your training compare with peers' at other firms? 'On average, my working day seems to be slightly longer (7pm instead of 6pm), however I have yet to work past 10pm'; 'Withers is extremely pro-training and I've learnt a great deal'; 'the level of client contact is second to none - from day one you meet clients and take over the day-to-day running of files' Best thing about the firm? 'How approachable everyone is and the level of responsibility given to trainees - it allows for swift development'; 'the variety of different types of work - might even make it recession-proof'; 'often find myself working on matters that I later read about in newspapers'; 'the people you work with and the quality of the work you do' Worst thing about the firm? 'Head of corporate recently introduced fortnightly 8am training sessions which means I have to sit in a meeting room eating croissants when normally I would only just get up!'; 'pay isn't astronomical but still very good'; 'under-staffing in certain departments so trainees are overworked'; 'not the best for trainee socialising' Best moment? 'Handling a case, more or less on my own, from start to finish and attending court with the client and Counsel without supervision'; 'getting a call from a High Court judge thanking me personally for 'assistance to the Court' during a long and complex financial fraud case'; 'managing and completing deals by myself' Worst moment? 'Having to deal with hysterical client in meeting in the absence of anyone more senior'; 'staying until 1.30am at night bundling'; 'getting to Counsel's chambers before realising I didn't know the combination lock to the pilot's bag I'd brought'; 'inevitably, as a trainee, you face a steep learning curve and make mistakes' The firmWithers has an outstanding international private client practice, with offices in Milan, Geneva, Hong Kong and the US. In March the firm opened an office in the British Virgin Isles focusing on litigation and commercial work. Entrepreneurs are a target for the corporate team which handled 20 deals in 2008, totalling $1bn. The star performersAdministrative and public law; Agriculture and estates; Charities and not-for-profit; Commercial property; Contentious trusts and probate; Employment; Family; Fraud (commercial and regulatory investigations); Heritage property; M&A (smaller deals up to £50m); Personal tax, trusts and probate. The dealsActed for mining company KazakhGold as target of $500m partial offer; advised National Gallery London on important acquisition; advising HM Coroner for Inner West London in a high-profile case concerning the shooting of a beautician at Harvey Nichols; advising an African-based family on the structuring of assets worth £2bn; acted for the owners of Soho House on its £105m sale. The clientsBenetton Group; C Hoare & Co; Carphone Warehouse; Jade Jagger; Imperial War Museum; Matthew Williamson; Renault F1; Royal Bank of Canada; The Tate Gallery; Vivienne Westwood. The money(from Legal Business magazine) Turnover in 2008: £88.8m (+14% from 2007) Profits per equity partner: £363,000 (+6%) The Lex 100 verdictIf you want the opportunity to do family and private client work at the highest level, but also gain decent commercial and corporate experience, take a look at Withers. This medium-sizer is popular with those wanting an alternative to City firms - 'I wasn't interested in the Magic Circle. But I did want international work with high-net-worth transactions and Withers was the perfect fit'. Withers also stands out from competitors through its numerous international offices. Don't expect a huge choice of overseas secondments, however, with one trainee wishing there 'could be more opportunities for trainees to work abroad'. Training here is described as 'more hands on' with minimum drudge - 'my supervisor will not let me do any deed scheduling, photocopying or other admin jobs unless there really is nothing else for me to do'. At the beginning of each seat trainees 'are inducted with daily training sessions for the first few weeks, giving us a sound grounding in the area of our seat'. There is also regular departmental training and don't expect a passive experience - 'three months into my first seat I conducted a whole training session by myself'. The level of client contact is 'second to none. Right from day one you meet clients and take over the day-to-day running of files'. Work can be pretty high profile, often for 'very glamorous clients', but there's mixed feedback on working hours ('my working day seems to be slightly longer (7pm instead of 6pm), however I have yet to work past 10pm' and 'the hours are better here, especially if you are in the private client or property department'). Social life 'varies year on year', with one trainee saying 'it could be friendlier', but on the whole this traditional 'but not stuffy' firm is proving popular with its current bunch of trainees ('what can I say, it's a pretty great firm!') with top-notch private client experience guaranteed. A day in the life of..... Emma McCall first-year trainee, Withers LLP University: Exeter University Departments to date: Commercial litigation and international wealth planning Degree and class: Law LLB (with European Study in Italy), 2(1) 8.30am: Upon arrival in the office I check my email. I have an email from Filippo Noseda, a partner in my department, asking me to source a particular trust precedent, which we may need to use for a potential client. I look on the firm's internal precedent system and print one off.9.00am: My supervisor, Anna Steward, tells me that the Isle of Man has just announced that in its application of the EU Savings Directive it will move to automatic exchange of information within the EU. This may affect a client who is a UK resident non-domiciliary but has business there; I research the consequences and send an email to the client.10.00am: Filippo asks me to join him in a client meeting. The client is a Syrian national who has acquired citizenship in Belgium. He is now resident in the UK with his French wife but has assets here, in Belgium, Syria and Singapore. He would like us to draw up a will for him to cover his worldwide assets. He would also like advice regarding the remittance basis of taxation, given that he has now been resident in the UK for several years.11.15am: The meeting finishes and I am asked to draft the client an engagement letter accompanied by a note of what was discussed in the meeting. I discuss with Filippo what the client wants us to do, what we should estimate our fees to be, etc. I draft the engagement letter based on a precedent and dictate the note of meeting for my secretary to type up.1.00pm: I go for lunch with some colleagues and we discuss the choices for our next seat as we have to let HR know soon.1.45pm: My secretary has now typed up the note of meeting and I amend it and categorise it so that there are separate sections for our understanding of the facts, advice given and next steps. I then give this to Filippo to check. 2.30pm: I receive a phone call from a member of the family department who needs an email from her Italian client translated into English. I am keen for any excuse to practise my Italian, particularly as I will be spending my next seat in the Milan office.2.45pm: A FAB team lawyer (family and business planning) asks me to pick up a grant of probate from Holborn Principal Registry.3.30pm: Back at my desk the client from this morning's meeting rings me as Filippo is in another meeting. He wants to know whether there will be tax implications if he transfers half of his London property to his wife. I tell him I will get back to him by email. Having checked the internal knowhow system and liaised with the colleague who I sit with, I email the client to let him know that stamp duty land tax is likely to be payable given that he has a mortgage on this property.4.30pm: My supervisor speaks to a client who is querying tax issues regarding property ownership in France and would like help liaising with the French property agent as he knows Anna speaks French fluently. I listen in on these conversations as I learn a lot and it helps me to understand the context of work which Anna may ask me to do for that client.4.40pm: Filippo has some comments to add to the advice section of the note from this morning's client meeting. I discuss these with him and make the relevant amendments.5.15pm: I read through and draft a summary of an article in relation to HMRC 6, the new HMRC guidance booklet on residence issues. I then email this to Imogen, who is a professional support lawyer and is in charge of compiling a monthly bulletin of articles relevant to wealth planning and estates succession and trusts.7.00pm: I leave the office and head to Jamie's, a bar just a stone's throw away, to have a farewell drink with an Italian stagiaire who is leaving the next day. About the firm Address: 16 Old Bailey London EC4M 7EG Telephone: 020 7597 6000 Fax: 020 7329 2534 Email:
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Senior partner: Anthony Indaimo, Managing partner: Margaret Robertson
Total partners: 111 Other fee-earners:254 Total trainees :36
Other offices: London, New Haven, New York, Greenwich (US), Geneva, Milan, Hong Kong, British Virgin Islands. Who we are: Withers LLP is a leading international law firm dedicated to the business, personal and philanthropic interests of successful people, their families, businesses and advisers. The firm's mission is to offer a truly integrated legal service to people with sophisticated global wealth, management and business needs. What we do: Withers has five main areas of practice: wealth planning, family, real estate, litigation and commercial. Work is often international due to the complexity of our client base that includes some of the wealthiest global citizens. What we are looking for: Trainees must have an excellent academic background and great attention to detail. An international outlook and creativity are also key. Language skills are important to us due to the international nature of our work. We work in teams so team players with leadership potential are of high interest. What you will do: Trainees spend six months in four different departments with a trained supervisor. Working in a team with a partner and assistant solicitor provides autonomy, responsibility and fast development. Trainees have an induction and attend internal soft skills sessions and external black letter law training. Perks: Contributory pension scheme, private medical insurance, income protection plan, 23-25 days' holiday, life assurance, Christmas bonus, season ticket loan, subsidised gym membership, free doctor's service, flu jabs. Sponsorship: PgDL or CPE and/or LPC fees are paid, plus a maintenance grant of £5,000 per year. Application processApply to: Jaya Louvre, recruitment manager. How to apply: Apply using our online application form at www.withersworldwide.com/careers. When to Apply: Apply for 2012 training contracts by 31 July 2010. What is involved: Candidates are interviewed by a partner and complete a written test covering commercial awareness, drafting and grammar. Successful candidates attend a further interview with two partners where they choose a topic to present and discuss with the partners. Candidates meet a current trainee and are shown around our offices. Interviews take place from April until September. Facts and figuresTrainee places available for 2012 16 Applications received pa 500 Percentage interviewed 20% SalaryFirst year £33,000 Second year £35,000 Newly qualified £53,000 Placement schemesSpring: 15-26 March (apply by 31 January 2010). Summer: 21 June-2 July, 5-16 July, 19-30 July, 2-13 August (apply by 31 January 2009). Two-week long placements are available in our London and Milan offices. |