To be honest I wouldn’t even make such a sacrifice at a US firm, where at least they provide an (arguably) justifiable salary in exchange for the terrible and bizarre lifestyle on offer. You’re not a loser just because people far older and more experienced are earning more than you on a deal. Anna has been in the Addleshaw Goddard Restructuring team for over 12 years, starting her career in the Leeds office. Regardless of your background, if you’re motivated by the prospect of joining Addleshaw Goddard, we look forward to your application. The regulatory team is known for expertise in retail financial services and payments work and is increasingly active in wholesale banking, wealth and asset management. Addleshaw Goddard is a premium international business law firm. I was talking to a significantly senior lawyer about this. Registered in England and Wales with Company Number 08037587. Addleshaw Goddard’s London office Addleshaw Goddardhas cut 19 lawyer roles across its UK offices following a redundancy consultation. Pages Businesses Media/News Company Legal Cheek Videos What does the rise of artificial intelligence mean for patent lawyers? MC kids will mock an AG lawyer for earning less but they’ll be laughing from the office/their bedroom on zoom. If you’re ready to join us, you can apply for one of our training contracts. I would be further along in my career now had I never done the TC at all. Josh Gorman. For all the latest commercial awareness info, and advance notification of Legal Cheek's careers events: Out of interest, what would have actually dropped-off in the real estate world to necessitate this? After qualifying, I left the firm as I couldn’t bear the thought of making them money whilst they’ve lied to me for 2 years straight and basically tried to make me into their little puppet. I have worked at a big city firm and somewhere achingly provincial and much prefer the latter. Or you’ll be so overworked and overstretched that its impossible to produce decent work, and you’ll be punished for that too. I expect those affected do this type of work. One trainee said they “haven’t come across a single partner that I wouldn’t walk up to for a chat or to ask questions”. On Thursday 29 November Legal Cheek is partnering with Addleshaw Goddard for an evening of commercial awareness discussion and networking with its lawyers and graduate recruitment team at the firm’s Manchester office. Hogan Lovells – 50. I think another thing to factor in is that firms still definitely treat their trainees as if they’re interns who should be overjoyed to work there, even if they’re spending most of their time photocopying after a degree, a masters and the LPC. Or you’ll be left doing mindless, repetitive tasks that don’t build meaningful skills. One trainee reveals they had “great ‘hands on’ responsibility from the get go – I was drafting and negotiating pretty lengthy & complex deeds of release in my first three weeks of my first seat in Finance with a Silver Circle firm on the other side. This is the interesting bit though, we, in the UK tend to pick one field to specialise in, whilst in Europe, it is widely accepted that a legal professional can pick any area he wants to work in – very much how barristers work. They rely on our lawyers around the world to find imaginative solutions to … Yes, I’ve seen people switch areas, some do it straight out of TC, some do it at 5-6 PQE, others at partner (or near partner) level even, but those are total exceptions to the general rule. It shouldn’t be acceptable that trainees who are largely in their mid to late twenties, and really don’t have time to waste, could find themselves in practice areas they have no interest in because the firm ordained it and then with little ability to pivot to something new because the majority of a biglaw training contract is admin work or at best very trivial legal work. Just as an example, in my previous firm, the commercial litigation partners used to say I’m a natural litigator and should’ve gone with litigation rather than the area I was in. Other firms to make job cuts in recent months include Reed Smith, Irwin Mitchell and Fieldfisher. All the best to those being made redundant at such a horrible time of year and in such uncertain times. December 22, 2020. Associate (Finance) at Addleshaw Goddard LLP Greater Leeds Area. Related Videos. First year trainees in Leeds and Manchester receive £27,500, while second years earn £29,500 and newly qualified (NQ) solicitors are paid £45,000. It would be interesting to know a) which firms have the most successful exit opportunities at NQ, Junior Associate and Senior Associate levels, b) what those exit opportunities are, and c) how many of those exit opportunities offer better pay, better work/life balance or both. Would be nice to see the partners take responsibility rather than blaming Brexit. Ummmmmmmm hate to break it to you but you’ll find nothing of the sort at AG. “Peaks and troughs…some people have a worse time of it than others,” said one. By this point, I was fuming inside because I couldn’t change anything and I fully understood that all these seats will not give me the kind of future and practice I imagined. The firm has about 1200 lawyers in 12 offices in London, Manchester, Leeds, Edinburgh, Glasgow and Aberdeen, Hamburg, the Middle East, Singapore and Hong Kong, and a formal alliance with a firm in Tokyo. 20 Jan 17. Social media is amazing, especially when these same firms that destroyed the lives and careers of their juniors brag about growth and increased partner remunerations… You may get into bother if you lie on your CV to get a job, but it’s ok for these firms to lie about the kind of roles and prospects they’re offering you. Commercial firm Addleshaw Goddard seems a happy ship, rating highly for supportive peers in the 2020-21 Legal Cheek Trainee and Junior Lawyer Survey. There is this assumption that its fine that a trainee really doesn’t build up a whole lot of knowledge during their TC because the firm expects you will stay in the firm forever and you can learn it later. Insider Scorecard Grades range from A* to D and are derived from the Legal Cheek Trainee and Junior Lawyer Survey 2020–21 of over 2,000 trainees and junior associates at the leading law firms in the UK. An insider tells us: “The hierarchy is fairly flat at AG. I was promised that everyone got to do their first choice at least once and instead I’ve been put in areas not even remotely related to what I wanted. I saw countless firm partners that either never got married, never had the time to have children, or are divorced (or have serious marital issues) cause their spouses couldn’t handle a non-existent party in the relationship. The multidisciplinary Addleshaw Goddard practice combines lawyers and senior compliance professionals to provide legal, compliance, conduct, risk and governance support. Greater Denver Area. Most of the people that end up in real estate are there as a safe and easy option because they didn’t get what they wanted or they found that what they thought they wanted was crap (corporate/PE). Point is – these big names, big firms, they may pay you a wage that you think is amazing (probably only because you’ve never earned that much before), but once you get to see the real life and the real practice, you soon realise no amount of money is worth what’s being taken away from you. Thankfully, Legal Cheek just released its 2020 firms most list, and has ranked the UK's top firms. Perks of the job include a £180 gym subsidy, subsidised private healthcare and “really fancy stationery”. So now I’m stuck with a profession that’s stressful, gives me no joy and there’s little I can do to change that. The open-plan layout means you are always learning from your surroundings, and get to know senior members of the team fairly quickly.”, Prior to each seat, trainees are given at least a day of training to bring them up to speed with the basic concepts involved. Which IB firm will provide the best exit opportunity. I know the exit wasn’t chosen by those made redundant in this article, but as LC has a large grad rec focus I’m surprised they haven’t talked about this more already. Event Date: 08/10/2020. Guy’s barely 30 but he looks 40 odd and not the “good 40” so to speak.. Before I started the TC – I was working in the industry I wanted, why did I leave to do this TC? “They seem to hire genuinely nice trainees ― there’s no competition or infighting,” says one rookie. Follow us for insights, updates, and news from the AG Graduate Recruitment team! Legal Cheek’s event with Addleshaw Goddard last month provided an opportunity for students to gain insights into different routes to law. Kafeel Azher. In the firm’s latest financial results, released in summer 2020, Addleshaw saw profit per equity partner fall 5% to £690,000 as revenues rose 4% to £288 million. Addleshaws launched a redundancy consultation in September, with 22 real estate lawyers told their jobs were at risk. The outfit confirmed it … So, I chose my 2nd seat reminding them of what we’ve discussed at the interview, they’ve said “oh, of course, we will absolutely see what opportunities we can provide” (even though I was promised at least 2 seats in the departments I truly wanted and they themselves said my vision for those departments and practice was something they were extremely interested in, yeah… right…) So, by the time my 3rd seat came up, I got assigned to yet again something that was so out of my interest it couldn’t have been any further, or so I thought. Another trainee comments: “AG on the whole is incredibly approachable and supportive. On Wednesday 6 November Legal Cheek is partnering with Addleshaw Goddard for an evening with its lawyers at the firm’s Edinburgh office. Following a nine month secondment in 2011 to a clearing bank Anna moved to the London Restructuring team in 2011. The post Addleshaw Goddard keeps 33 out of 37 autumn qualifying trainees appeared first on Legal Cheek. Trust me, when you work in that kind of environment, one you cannot escape from – no amount of money will be enough to make it “worthwhile”. Now, I overhear vac scheme participants and law fair students muttering about how they have no interest in being a private practice solicitor, at my firm or otherwise, but rather want to either go in house at one of our clients or transition out of law practice all together, often right on qualification. The only people who clock off at 6/7 are the folk in Planning, Pensions and other similarly small teams. that’s very sad jaded by law – are you sure you cannot change specialism at all? Surely, if you manage to graduate, get those degrees, pass your TC, it should be accepted that we can go into a new field (not having had a seat in it during TC) and learn it on the way just as well? On the evening of Tuesday 26 November lawyers from the Leeds office of global law firm Addleshaw Goddard will gather at Legal Cheek’s latest student event to consider what we can expect from the Northern Powerhouse economy of the 2020s – and to mull the … My 4th seat was basically a repeat of my 1st seat…. Do they think you’re a winner or a sucker? It advises FTSE 100 and other major companies across corporate, commercial, finance and project, real estate and litigation. Contact Details Chambers and Partners No.3 Waterhouse Square 138 Holborn London, United Kingdom EC1N 2SW View in maps Contact Us It’s not surprising that you have to work hard. City player will now recruit 50 trainees annually. Feels like lately, the legal profession is becoming a short-term career for law graduates. The Legal 500 UK. Jan van Dijk has joined TriMas as its vice president of tax and treasury and will be located at the Company’s global headquarters in Bloomfield Hills, Michigan. So I stuck with it – 2 years and all that money and effort at uni down the drain. Honestly from where I am now, I would not advise a young person to go into law for exactly the reasons you’ve described – you simply don’t know what you’re getting and it may prove to be extremely difficult to get out into something good. But honestly, I think people seriously forget that big company names do not equal good practices or good knowledge. © Copyright 2021 Legal Cheek Ltd. All Rights Reserved. My second seat was a choice between 2 departments I had absolutely no interest in. Eversheds Sutherland – 50. I believe we both know it’s not something that happens too often. Fortunately they agreed for the most part and only had to do a very little amount of admin. I could go on listing things how this firm is destroying him and his life, but why would I? The firm’s partners are pretty friendly. At this stage, I am not sure if jumping around switching areas is the best way forward, especially since you never know whether you’ll truly like the area you chose to retrain in. Why did you choose this firm over any others?‘I enjoyed the assessment centre, which is unusual!’, ‘the marketing materials appealed to me’, ‘I was impressed with the diversity message the firm was presenting’, ‘I was a former client’, ‘strong northern presence’, ‘the Manchester office gets instructed on most bigger projects in the area’, ‘it’s at the forefront of legal technology’, ‘ranking of key departments/partners in The Legal 500’ Best thing a… At the same time, let’s face it, often the reality doesn’t match our expectations and fantasies about what it would be like working in one particular area or another (saw that ever so briefly in the corporate department). Thx for the comment fresher. I think a lot of firms have used the pandemic as an excuse to get rid of people but as you say – did they really give those people a chance to succeed? I have a friend who was “lucky enough” to get his TC in an MC firm. Additionally, Al Malizia has accepted the position of vice president of operations, and will […] Trainees may be given further specific training, and will also attend any training session the department holds. Now I am qualified, I can only get a role within the 4 areas I did my TC in (none of which I find midly interesting or stimulative), no firm wants to take an NQ who had no previous seat in that particular field. 13 associates and six support staff redundant following review, Performance exceeds expectations for first half of financial year. I was a career changer into law in my late 20s, transferring from the energy sector which is a sector my firm has a practice group in. So my question would be, why are we still locking ourselves into 1 area and make it so impossible for people to switch easily? Addleshaw lets trainees get stuck in on proper lawyer work rather than boring tasks. If the SRA really cared about junior lawyers they would make it possible for trainees to report firms like this. Unfortunately, there aren’t many firms that truly look after their own people. You can be earning around 140k in your twenties. You get into a firm that promises you the world and an amazing career, you get in and see it was a complete lie, and the first opportunity they get – you’re out. Very refreshing. End Time: 17:00. ... Addleshaw Goddard – 50. We know that this has been a very difficult and uncertain period for many of the team and these decisions have been reached only after the most careful and thorough consideration.”. I know that this is what honest every retreat will say, but I also know people who have done so recently up to 3-4 yrs pqe – including myself. It’s very depressing really. Speaking at the time, John Joyce, managing partner, said: “[O]ur real estate team has grown over the last five years to match demand which has now reduced in some areas and after much thought we now recognise that we need to make changes given the limited prospects of imminent recovery.”. Legal Cheek is going round the country for its final series of student commercial awareness events of 2019. That obviously didn’t help. These things can happen to anyone. My point is if firms get a trainee who has interests and knows (or think they know) what area they want to specialise in – give them the chance to see that in practice. Granted, it is very difficult, but it is possible. You get involved in really interesting and niche work, attend high-profile cases and events and you are trusted to run your own matters/ files quite often.”. Many of the world's most recognised and respected businesses – including 43 FTSE100 clients in the last two years – come to Addleshaw Goddard to deliver just that kind of simple answer. In my experience, law firms have a tendency to decide very early who is good or bad – they say its fine to make mistakes, but those will be held over you and future opportunities for good work assignments will be held back from you. Overburning and complete physical and mental exhaustion is a real issue in this profession and a real threat if you end up with the wrong employer. The GDL and LPC grants are reduced to £4,500 outside of London. When COVID-19 struck, the firm’s enthusiasm for technology paid dividends. I tried transferring my TC to another firm, looked at every possible way to get out – apparently TC transfers are a big taboo in this profession – why? All of those types were miserable bast*rds that hated their own life and took their frustration out on everyone else each day. There is relatively little opportunity to work internationally, although two lawyers spent six months abroad, one in Qatar and the other in Hong Kong. Individual experiences may vary. Whether or not this is a good thing, it is a real trend. However, secondments with clients are fairly common, and were taken with Drax Group, BP, Castle Water, Aberdeen Standard Investments and a FTSE 100 retail company. You’re right about US firms and anyone selling their soul for less is a fool. Start Time: 13:50. Partner, Corporate ; London, UK Expertise. Amy Winchester. By contrast if you’re in prop lit this is not likely to be a quiet time for you. Now we waste 2 years of our lives doing meaningless stuff for a firm that doesn’t care about you and get stuck with whatever presets they chose for us… Where’s the logic in this? All the wannabe solicitors/barristers over here would not believe a single word anyway. Of course, there’s always that slight chance that at some point somewhere firms will get so desperate that they will take in retrains. Alternatively, you can use your email address to get started. Feel free to DM me on LinkedIn do you want to discuss confidentially, Thanks Chris. There is a firmwide drive towards greater eco-friendliness, with the recent introduction of Environment Week, good recycling systems and compulsory seminars on eco topics. @MC Partner – I’d much rather work decent hours for competitive pay at AG than sacrifice my life/soul/mental health/relationships for below market pay in the Magic Circle. No amount of money is worth constantly cancelling on friends for work, losing those friends and finding new friends in the office evening canteen staff. With Addleshaw Goddard, Ashurst, CMS, Hogan Lovells, Eversheds, Irwin Mitchell, Linklaters, Pinsent Masons, Shoosmiths and more. It should also be a requirement, upon starting a TC that a written agreement is signed between the firm and a trainee clearly outlining which seats have been agreed. You have literally just described exactly what happened to me. He mentioned when he was going through the process it was absolutely imperative to have a fair bit of faith in the firm you accepted a TC offer from, as that was the firm you’d likely be with through thick and thin all the way to retirement. They were consistently late and unorganised with moving you on to the 2nd, 3rd, 4th seat. Granting of leases and renewals and sales and acquisitions have dropped off in commercial real estate for obvious reasons. This includes the people who did not do a seat in the area they qualified into. Control is an integrated solution which brings together AG's experience in litigation financing and market know-how with a willingness to share risk and the flexibility to structure a bespoke financing package appropriate to the client and the case. As soon as I told them that my TC was primarily litigation based (just not commercial) and once I told them what seats I did, those praises and “attempts to get me to switch” stopped immediately… So there you go…. Graduate recruitment is dominated by it. Silver and Magic circle are all vanity. I really feel like the last 2 years were a complete and utterly waste of time through no fault of my own. According to another rookie, “You don’t feel like a trainee and your role isn’t particularly admin heavy. ... Addleshaw Goddard advises Nplus1 Singer on essensys Initial Public Offering. The next time I (and his own family) actually saw the guy was for a couple of days when he came back to celebrate qualifying. My recent experience has been that, even if you get an interview for a retrain, employers treat you with such a degree of suspicion (in terms of switching back to the original area of law you come from) that it makes me think why on earth did they waste my time calling me for an interview then? The firm has a strong interest in tech, and offers trainees a six-month lawtech seat working alongside lawyers and technologists to develop products in its innovation and legal technology group. Legal Cheek Scottish Law Fair. Addleshaw Goddard has cut 19 lawyer roles across its UK offices following a redundancy consultation. To address some of the comments above and as someone previously at AG, can confirm that the hours for corporate/finance associates is pretty much the same as the hours found in MC and US firms – only difference is you’re taking a 20-70K hit on salary depending on seniority. There’s a popular term in the investment banking world – “exit opportunities”. I don’t know how much AG pay their associates but for me, taking home 20-30k less per year but knowing I would be home to cook dinner with my partner every night or be able to meet friends who have the fortune of working 9-5 somewhere interesting (and would pretty much never have to work on the weekend) was a trade off worth making. Shortlisted firms: Addleshaw Goddard Graduates, Allen & Overy UK Graduate Recruitment, Bird & Bird Graduates UK, Bryan Cave Leighton Paisner Graduates, CMS … This again brings me to my previous point about locking ourselves into one particular area of law which makes it very difficult for people to tweak their careers. Amy Winchester. Re advising not to go into law: depending on the outcomes of any real market research into the exit opportunities that I queried, perhaps a TC at a MC/SC/US/other big brand City firm may be the perfect thing to recommend to students with little to no interest in private practice law… first couple years are going to be photocopying, creating powerpoint slides and checking signature blocks no matter where you wind up. On admin law you go about this Area they qualified into acquisition/development pipeline stalled trainees to report firms like in. 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