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O'Melveny & Myers LLP 
Warwick Court 5 Paternoster Square London EC4M 7DX
Lex 100 winner
Favoured by 2 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? 'Attracted to the international reach'; 'it is a close-knit firm with blue-chip clients where you are not just a commodity, but actually given a chance to develop in a tailored way'; 'I had a really good experience on my vacation scheme and enjoyed it a lot more than placements I did at bigger firms'; 'culture of the office' 

How does your training compare with peers' at other firms? 'Greater levels of responsibility than peers at other firms'; 'the structure of the training contract is more flexible and the graduate recruitment partner is keen to take account of preferences for training in particular departments'; 'regular training sessions as well as on-the-job experience' 

Best thing about the firm? 'Very friendly and know everyone'; 'non-hierarchical atmosphere'; 'the open-door policy means you can ask questions from anyone at any time and you will always find work to do across the departments'; 'friendly and approachable colleagues'; 'great location of office overlooking Paternoster Square' 

Worst thing about the firm? 'You would have to know in advance what kind of areas you want to specialise in as London office does not offer all, eg employment law/property law/entertainment law seats, etc, but as long as you know what you are interested in this is not problematic'; 'no canteen which means people just eat at their desks'; 'the workload can be variable'; 'lack of choice of departments' 

Best moment? 'My nine-month secondment to Singapore'; 'being sent on secondment to one of our Asia offices was a fantastic experience'; 'becoming the main point of contact on a deal and being entrusted to take the lead on certain conference calls' 

Worst moment? 'Being blamed for something I was not responsible for'; 'balancing competing expectations when working for two lawyers in different departments' 

The Lex 100 verdict

The firm

US firm O'Melveny & Myers has an expanding, 'excellent' team in London advising a range of financial institutions, leading private equity houses, sovereign funds and corporates. Clients recommend the firm for both fund formation and transactional work, while it also has a strong arbitration practice. 

The star performers

Arbitration; Mergers and acquisitions: lower mid-market, £50m-£250m; Private equity.

The deals

Represented Valedo II in SEK2bn fund closing; represented IDT in favourable settlement of patent litigation; represented China Eastern Airlines on RMB2.5bn ($390m) Dim Sum bond offering; represented DCG Systems in a patent dispute with Checkpoint Technologies.

The clients

Actis; Apollo Management; Coller Capital.

The Verdict

With only a small intake each year, O'Melveny & Myers is a hidden City gem for those looking to be a part of a US firm with an impressive international reach. Candidates appreciate the fact that it has a 'friendly' atmosphere and like the idea that, due to its size, there is 'more responsibility, more client contact and a better work/life balance'. Current trainees report feeling that they are 'not just a commodity' and appreciate the fact that they are 'given a chance to develop in a tailored way'. Expect to work in an office where, due to its smaller size, the work can be 'variable'. There are opportunities to go on secondment to the Brussels office, like one current trainee, or perhaps further afield. Be prepared for a 'greater degree of responsibility' than your peers at other larger firms. It would not be unusual to find yourself 'becoming the main point of contact on a deal' or 'being entrusted to take the lead on certain conference calls'. This makes the trainees feel like they are 'getting the advantages and opportunities associated with working within a big corporation' and it is no real surprise that the firm is a Lex 100 Winner for job satisfaction with high scores for living up to expectations and manageable stress levels. The lack of canteen ('people just eat at their desks') is something that trainees complain about and some would like more 'openness about future prospects for the office or business development efforts'. However there is plenty of international work and 'everybody knows everybody' thanks to the 'non-hierarchical atmosphere'. A great option for confident individuals keen to make their mark.

A day in the life of.....

A day in the life of.....

Tara FinneyTara Finney, second-year trainee, O'Melveny & Myers LLP 
Departments to date:  Litigation, competition (Brussels secondment), corporate
University: Exeter 
Degree: LLB Law with European Study 2(1) 

9.00am: I arrive in the office, make a cup of coffee and have a catch-up with my supervisor about what we did over the weekend. I check my Outlook calendar for today's appointments and read through my emails.

9.35am: I have received an email from one of the partners asking if I can update the articles of association of a pro bono client by tomorrow morning. Knowing that I have a full day ahead, I head straight to the library to read up on the Companies Act 2006.

10.10am: I get started with my main task of the morning which is reviewing the sale and purchase agreement of a multi million-pound transaction for one of our biggest clients. I have been actively involved in this deal since we received the initial instruction a couple of weeks ago and we're now in the process of negotiating the main documents. I'm being given lots to do (this is typical practice for OMM - I was given real work and responsibility from day one) and it's quite exciting!

11.30am: I head over to one of our conference rooms for a training session. Today we have a presentation from one of our litigation counsel on the implications of recent changes to bribery legislation.

12.35pm: I meet up with a couple of the other trainees for an early lunch at our favourite restaurant across the square. We chat about work, our weekends and which team we've been put on for the firm pub quiz on Thursday night!

1.35pm: Just as I get back to my desk I get a call from my previous supervisor in the Brussels office, where I was seconded last year. She asks me if I can update an article that I authored on cartels and information sharing, in light of some new legislation. I tell her that I'm happy to help, so I dig out the article and do some preliminary research online. Then I file these in my 'to do' tray for tomorrow morning as it's not due until Friday.

2.00pm: I go to a quick meeting of our office Green Committee. I get some final input from my colleagues for the spring edition of the newsletter, which I'm busy putting together.

2.25pm: I discuss with my supervisor the comments I made this morning on the sale and purchase agreement. Then we collate all the necessary documents and head over to our client's offices for a meeting to explain the amendments we're proposing to circulate to the seller's lawyers. Foreign counsel dial in too because the companies that the client is buying are based overseas.

4.55pm: I'm back at my desk now (with another coffee!) and start drafting the amendments to the agreements that were discussed at this afternoon's client meeting - it needs to be ready to send to opposing counsel by 6.00pm.

6.10pm: I receive an email from a colleague in our LA office - a client of his is buying a UK subsidiary of a global company and needs to know how to remove current directors and appoint new ones. I draft an advice memo explaining the procedure (I check this over with our London corporate partner and he says 'it's perfect'…. yes!) and offer to prepare the resignation letters, board minutes and file the Companies House forms. He gratefully accepts my offer, but tells me not to make a start on it until tomorrow - it has just gone 10.00am in LA but he knows that for me its nearly home time.

7.00pm: I quickly check my calendar for tomorrow and switch off my computer. I decide to reward myself for a hard day's work by popping to the bar downstairs for a quick drink with some friends from work, before heading home.

About the firm

About the firm

Address: Warwick Court, 5 Paternoster Square, London EC4M 7DX

Telephone: 020 7088 0000

Fax: 020 7088 0001

Website: www.omm.com/careers/london

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

Managing partner: Solomon Wifa

Total partners: 7

Other fee-earners: 14

Total trainees: 8

Other offices: Beijing, Brussels, Century City, Hong Kong, Los Angeles, Newport Beach, New York, San Francisco, Shanghai, Silicon Valley, Singapore, Tokyo, Washington DC. 

Who we are:  O'Melveny & Myers is a top 30 international law firm with approximately 850 lawyers practising in 14 offices in the key US, Asian and European economic and political centres. 

What we do: In London, the focus is on private equity clients. We advise them on English law matters (corporate, finance, funds formation and international litigation) and work closely with the firm's international network to provide an integrated cross-border service. 

What we are looking for: New recruits must have proven academic ability, sound commercial awareness, be keen team players and have the ability to carry real responsibility from the outset. 

What you'll do:  Trainees complete seats with partners/senior associates in each of our core practice areas. They receive regular formal and informal feedback, as well as legal and non-legal skills training. Trainees are also frequently seconded overseas to our Hong Kong, Singapore and Brussels offices.

Perks: 25 days' holiday, pension, life insurance, long-term disability insurance, private health insurance, travel insurance, interest-free season ticket loan, corporate rate gym membership. 

Sponsorship: We sponsor GDL/LPC fees incurred post-recruitment and award a maintenance grant (currently £7,000 per annum). 

Application process

Apply to: Fiona McEwan, HR officer. 

How: Apply online via www.apply4law.com/omm 

When to Apply: By 31 July 2012, for 2014 training contracts. 

What is involved: Online application; telephone interview; two-round interview process with partners/senior associates. 

Facts and figures

Trainee places available for 2014: Up to four 

Applications received pa: Approximately 200 

Percentage interviewed: 5-10% 

Salary

First year: £39,000 

Second year: £42,500 

Newly qualified: Market rate 

Vacation schemes

Summer: Between June and August 2012 (apply by 31 January 2012).