A day in the life of...
Lara Sirimanne trainee, Morrison & Foerster (UK) LLP
Departments to date: Capital markets and corporate, sitting in litigation from September 2016 and undertaking final seat in Singapore.
University:Keble College, Oxford
Degree:BA Jurisprudence; 2(1)
8.30am: On my way to work I check my emails and prioritise my morning accordingly, responding to urgent queries immediately.
9.00am: My first task for the day is from a Japanese client regarding a distribution from one of the group’s UK subsidiaries. As longstanding UK advisers to this major corporation, we act for the group on both transactional work and general corporate matters on an almost daily basis. I discuss my proposed approach with a senior associate and draft the required corporate authorities.
10.30am: My focus then moves to a large ongoing acquisition by our client, a US public company, of a well-known sportswear brand. The target has a global presence and it has been great fun building relationships with colleagues in our US and European offices on this deal. I have been managing the due diligence process, so my first task is to allocate the new documents uploaded to the data room by the seller to the appropriate legal teams and update my colleagues across the globe. While reviewing the English law documents, I identify an issue which could affect the purchase. I update the due diligence report with this information and flag it to a senior associate.
12.00pm: The documents I drafted for the Japanese client have now been reviewed and, after a few edits, I send them to the client’s in-house counsel with a note outlining the next steps.
12.30pm: We now have a training session on UK insolvency procedures, delivered by partners in our business restructuring and insolvency group. We have regular training delivered by senior MoFo lawyers or external experts.
2.00pm: I receive a call from a client for whom we recently completed a €75m acquisition. I am usually their first point of contact on any European aspect of the deal, the small trainee intake means that I have an unbeatable amount of responsibility and client contact. On this deal, for example, I was the sole MoFo representative at the closing – a great experience as I was able to visit the main acquisition site and toast the successful completion with both parties! Today’s call is to discuss the post-completion establishment of branch offices across Europe. I have been co-ordinating the administrative process for each jurisdiction and liaising with local counsel in the five countries, so I update the client on the progress made and advise on next steps.
3.30pm: As we have a spare moment, my supervisor and I head to the games room for a heated ping-pong match. We’re a tight-knit firm but on the odd occasion we need to release our competitive spirits and the games room provides the perfect setting!
4.00pm: We turn our attention to an important client call we’re about to host. A sporting client has come to us with an exciting proposal for a global competition involving eGaming. First, we have a preparatory call with the MoFo team, which includes colleagues from various practice groups across LA, Berlin and Hong Kong, and then, when the client joins the call, we discuss their vision for the competition and provide them with initial suggestions as to how best to run it. After a post-call debrief, I circulate a note to the MoFo team summarising the call and the next steps.
6.30pm: At the end of the day my attention returns to our Japanese client. This time it is for an office-wide celebration of the announcement of a landmark and transformative public takeover offer by the client. It is wonderful to see the hard work of the MoFo deal team being appreciated and the champagne flowing!
About the firm
Address:CityPoint, One Ropemaker Street, London, EC2Y 9AW
Telephone: 020 7920 4000
Fax:020 7496 8500
Managing partners : Alistair Maughan and Jonathan Wheeler
Other offices: Beijing, Berlin, Brussels, Denver, Hong Kong, Los Angeles, New York, Northern Virginia, Palo Alto, San Diego, San Francisco, Shanghai, Singapore, Tokyo, Washington DC.
Who we are: Morrison & Foerster is a global firm with over 1,000 lawyers in key technology and finance centres in the US; Europe and Asia.
What we do: We work on cutting-edge global transactions and high-profile litigation matters. Our work has a strong bias towards the technology and finance sectors.
What we are looking for: We are looking for individuals with a ‘can do’ attitude, a willingness to be challenged, openness to diverse perspectives and some real energy. A strong academic background is essential.
What you'll do:The training contract in London comprises four six-month seats, rotating between departments. Seats available include bankruptcy restructuring and insolvency; capital markets; corporate; finance; litigation; tax, and technology transactions.
Perks: 5% pension contribution, private medical insurance, Denplan, death in service and long-term disability insurance, childcare vouchers, cycle to work scheme, season ticket loans, payroll giving, subsidised gym membership.
Sponsorship:Full GDL and/or LPC fees paid after training contract offer acceptance, plus a maintenance grant of £8,000 per annum. Otherwise, 50% reimbursement of receipted course costs if exams have already been completed upon training contract offer.
Facts and figures
Trainee places available for 2019: 2/4
Applications received pa: c.1,000
Percentage interviewed: 4.4%
First year: £38,500
Second year: £43,600
Newly qualified: £82,000
Total partners: 18
When to Apply:From 1 October to 31 December 2016 for a summer scheme placement in 2017.
3-14 July 2017; and 17-28 July 2017. Apply by 16 January 2017.