The lowdown (in their own words...)
If the firm were a fictional character it would be...
US firm Orrick, Herrington & Sutcliffe focuses on serving the technology, energy and infrastructure and finance sectors globally. The firm provides clients worldwide with forward-looking commercial advice on transactions, litigation and compliance matters.
The star performers
Commercial property: corporate occupiers; Commercial litigation; Commodities: derivatives; Corporate restructuring and insolvency; Data protection privacy and cybersecurity; Employment: employers and senior executives; EU and competition; Fintech; International arbitration; M&A: lower mid-market deals, £50m-£250m; Oil and gas; Power (including electricity and renewables); Professional discipline; Social housing: local authorities and registered providers
Assisted Revolut with its EMI re-registration and with compliance issues relating to Payment Services Directive 2 (PSD2); handled the merger control aspects of Infracapital’s joint venture with Nokia to build, own and operate a fibre optic broadband network across Poland; assisted Canadian Solar as borrower with its £41.85m financing from Bayerische Landesbank of a series of solar projects; advised Intu Property on its joint venture with LaSalle Investment Management for joint ownership of the Intu Chapelfield Shopping Centre in Norwich; acted for the Fédération Internationale de l’Automobile in connection with Liberty Media’s $8bn acquisition of Formula 1
Azito Energie; Bioenergy Infrastructure Group; Currencycloud; European Investment Bank; GoPro; Lucozade Ribena Suntory; Marubeni Corporation; Microsoft Corporation; Moneyfarm; Notting Hill Housing Trust
‘Sector-focused’ Orrick, Herrington & Sutcliffe’s ‘California roots can be felt across the firm in terms of ethics and work style’. A small intake and a modest London office ensures that trainees can ‘really get involved in deals’ whilst the US firm also benefits from a ‘large global network’. The six-seat training contract is ‘less structured and more about learning on the job’, which suits the current cohort. What’s more, ‘each department only has a few trainees so there is less pressure on us to compete with each other for work or to make our names known. This means that we can focus on producing good quality work and enjoy spending time with our colleagues’. There are ‘ample opportunities to work directly with partners’ at Orrick, and supervisors are ‘focused on helping trainees develop by giving them real work and feedback’. A downside of the intimate office size is that ‘there tends to be less choice in the seats that trainees complete’ and also ‘if you don’t do a good job at something, people will know!’. The workload ‘can fluctuate a lot’: there can be ‘little work to do in departments if there isn’t a big deal or project you can work on’ but reports of ‘staying until 3am to read a 400-page due diligence report’ and ‘working consistently late nights for a month’ suggest that trainees have their busy periods too! ‘Travelling abroad with a senior lawyer to negotiate with a foreign government’ and ‘researching a really complex aspect of European law in my competition seat and being praised for it by the chairman’ definitely stood out as highlights. To work at a ‘really friendly firm’ which is a ‘leader in its chosen sectors’, apply to Orrick, Herrington & Sutcliffe.
A day in the life of...
Shaun Malone trainee, Orrick, Herrington & Sutcliffe
Departments to date: General corporate
University:Queen Mary, University of London
8.30am: I take the short walk from the gym along the river and past St Paul’s Cathedral to the office, grabbing a coffee and some breakfast on the way. I am a morning person so I like to get in early to plan for the day ahead. I catch up on emails that have arrived overnight from some colleagues in the US and draw up a to-do-list.
9.30am: I go to catch up with the associates and partners I am currently working with. I am sitting in general corporate and will be qualifying into the department in August so I am beginning to be staffed on longer term transactions. We discuss the projects that are currently live – mostly M&A deals involving renewable energy assets and fundraising rounds for technology companies. Sitting in General Corporate allows for a great amount of exposure to different corporate transactions.
10.00am: There is a conference call at 10.30 to discuss the documents list to an M&A transaction which I have been working on. This list details the status of all the principal documents, ancillaries and completion deliverables required for a transaction. At Orrick, it is almost always the trainee’s job to manage the documents list process and I have been responsible from the outset for liaising with the client, the lawyers opposite, the insurers and other third parties to co-ordinate the documents.
11.30am: After the call, I prepare a summary of the outstanding matters discussed during the call and send them to the client by way of an update. I also draft a set of board minutes and send it to my supervisor to review before circulating to the client.
12.30pm: I head out to have lunch with some of the other trainees. Orrick has a relatively small trainee intake which is great because you get to know your colleagues very well and there is a great social aspect to working at the firm.
1.15pm: Lunch is cut a little short by an email from a client asking if we can update documents we previously drafted and circulate them for electronic signature in the next few hours. The team has a brief meeting to divide up the documents and create a plan to get them updated and circulated to the necessary signatories before the deadline. There is a great team spirit and trainees are given a high level of responsibility from day one along with the freedom to lead on discrete aspects of transactions. The documents go out on time and we hope to complete the transaction early the next day.
4.30pm: I have pencilled in some time with an associate to sit down and discuss the draft of an unsecured loan note agreement I prepared the previous day. Everybody in my team is happy to take the time to answer any questions or run through a document I have prepared, to help with future drafting. Once we are finished, I make some final amendments to the agreement and send this to our client for review.
5.30pm: With one eye on the clock I get to the stage where it’s time to take a ‘must do’ approach to the to-do list! I register a series of director appointments on Companies House, as part of a company share sale which completed last week. It can be tricky to ensure the necessary documents are received and the registrations are completed within the required timeframe, alongside managing your everyday work. It’s nice to be able to delete the deadline reminder from my outlook calendar.
6.30pm: The firm has an active social committee who have organised a summer drinks event at a cocktail bar in the City.
About the firm
Address:107 Cheapside, London, EC2V 6DN
Telephone: 0207 862 4600
Chairman: Mitchell Zuklie
London managing partner: Kolvin Stone
Other offices: Abidjan, Austin, Beijing, Brussels, Dusseldorf, Geneva, Hong Kong, Houston, Los Angeles, Milan, Munich, New York, Orange County, Paris, Portland, Rome, Sacramento, San Francisco, Santa Monica, Seattle, Shanghai, Silicon Valley, Taipei, Tokyo, Washington DC, Wheeling WV
Who we are: Orrick is a leading international law firm with more than 1,100 lawyers in 25 offices located throughout North America, Europe and Asia. We focus on serving the technology, energy & infrastructure and finance sectors globally.
What we do: Clients worldwide call on our teams for forward-looking commercial advice on transactions, litigation and compliance matters. We bring distinctive quality, teamwork and value to the table – and innovate in everything we do. Orrick has earned a global reputation advising both established and emerging companies, banks and financial institutions. Much of Orrick’s client work involves cross-border transactions which have increased substantially in recent years with the development of the firm’s network of global offices.
What we are looking for: Individuals who set their standards high, have a strong work ethic and are bright, talented graduates of any discipline. We value team players and reward collaboration.
What you'll do:Our two-year training programme comprises of six four-month seats, with regular appraisals throughout. There are also regular training sessions on legal and soft skills to enhance your development as a lawyer. We support learning through a steadfast focus on training and a mentoring programme that will provide you with the right foundation for building your legal career.
Perks: Bonus scheme, gym membership/subsidy, life assurance, pension scheme with company contributions, private healthcare, season ticket loan, dental plan
Sponsorship:GDL and LPC fees paid plus £7,000 maintenance
Facts and figures
Total partners: 33
Other fee-earners: 70
Total trainees: 12
Trainee places available for 2021: 8
Applications received pa: 400
First year: £40,000
Second year: £44,000
Newly qualified: £95,000
Apply to:Hannah Jackson – recruitment manager
What's involved:Online application and a two-stage interview process where you will meet with members of the recruitment team, our associates and partners. Alternatively, if you are successful in obtaining an offer to attend one of our open days, you will take part in an assessment centre and, if selected, a further interview.
When to apply: By 31 May 2019