As a trainee you could be working on major corporate transactions or commercial litigation, and then working for private clients on their most sensitive affairs. Undergraduates, graduates and postgraduates are all welcome to apply. word count than a guideline, if you know what I mean. Your choices regarding cookies on this site, Associate who qualified in September 2022. Qualification salary: 107,500. Unfortunately for jet-setters, the more ESG-minded side of the firm is actively exploring and encouraging partners and associates to use less flights, so everyone is encouraged to consider the events they are invited to and be more selective if it involves international travel (or explore non-flying options). We work on high-profile deals and cases, and you will often help manage the smooth delivery of service to our clients across jurisdictions. Great teamwork skills, which include being kind and considerate. Also up are NQ pay packets that have jumped to a cool 107,500 plus bonuses, on par with Allen & Overy and Linklaters. They help us to know which pages are the most and least popular and see how visitors move around the site. What is it like to work at Macfarlanes LLP? Now restrictions have lifted, the firms hired a hotel for its tax conference and even run a ski trip: We have a good social life. The end of seat review takes place in the final few weeks of your seat. Dont be greedy. Read the Financial Times and The Economist An excellent way to develop your commercial awareness - be sure to consider how these major events may have a practical, commercial impact in the legal sector. Any contentious private client matters are handled by the litigationdepartment. What you are unlikely to get if you do a training programme at Macfarlanes is an international or client secondment, with the firm typically waiting until associate level before it sends lawyers abroad to a host of independent law firms with which it has close ties and/or client organisations. In addition, the firm organises skills sessions and workshops at universities around the country, so we recommend keeping a close eye on the firm's website to find out when a Macfarlanes representative may be stopping by. Not everyone can easily spend two weeks in London away from their responsibilities, says a statement from the firm, and so the app can give someone a taste of what being a trainee is like remotely. It's a great way to test their spelling and grammar too,says Catherine Morgan-Guest. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Sep 6, 2018 1,537 3,849. Applications should be made online via the website and will close on 27 January 2023. For more information about our training programme or the financial assistance available, please contact our early legal careers team. Unlimited access to International Edition, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. You also take part in our trainee charity day. Trainee salaries at Macfarlanes can range from 51,674 - 55,000 per year. But insiders claim there has been significant recent investment resulting in multiple products now on offer to clients. During this week you receive training from people across the firm to equip you with everything you need to know before starting your first seat. Communication and speaking skills can be developed during your studies by taking part in . To impress during the application process, Bains said its important to demonstrate certain traits: Obviously were looking for brain power, but we also want people who work well with others and who are resilient to the demands of clients. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Ask around for advice and support and practice for the interview stages as much as possible. We do not recruit on a rolling basis so you can expect to hear back from us once applications have closed. Cohorts are even known to organise trainee trips away together. Build answers around a specific deal or case. Secondment probabilities are derived from the Legal Cheek Trainee and Junior Lawyer Survey 2022-23 of over 2,000 trainees and junior associates at the leading law firms in the UK. To apply you will need to be in the first year (and second year on a four-year course) of your undergraduate degree. Practice overview. The core focus of the practice is to advise on large and complex defined benefit pension de-risking transactions, usually acting for insurers and reinsurers. The information does not usually directly identify you, but it can give you a more personalised web experience. Don't miss the crucial news and insights you need to make informed legal decisions. Schemes commonly last between one and four weeks and give you an opportunity to: Experience first-hand what life as a trainee solicitor is like. Trainees set to qualify this spring started at their firms as the first UK lockdown loomed in March 2020. How do I get a training contract with macfarlanes? The firm advises applicants to make sure you can talk about us and what we do in order to stand out you need to show a detailed and specific interest in Macfarlanes.. Macfarlanes market leading investment management group is seeking to recruit an associate to join its hugely successful team. We use cookies to ensure that we give you the best experience on our website. The hiring process at Macfarlanes takes an average of 21.92 days when considering 28 user submitted interviews across all job titles. While we dont have a set list, we look for candidates who have the core skills below, which are tested through the assessment day and interview stages: We really see our trainees as the future of our firm and are proud to have a consistently strong retention rate. I would advise trainees to get as involved as they can in every aspect of life at Macfarlanes. Do not feel pressured to respond too quickly, but take time to give considered answers. What makes a successful application to Macfarlanes, Pride Matters: Striving for actual equality, Types of student and graduate opportunities, Essential cookies to make this website work, Third party cookies used for personalised ads and content, Well rounded candidates who will make the most of our varied seat rotations, Great teamwork skills, which include being kind and considerate, Resilience that is a grit and ambition to take on real responsibility, Brain power clever people who can think on their feet. We use cookies to ensure that we give you the best experience on our website. Vacation students will spend each week in a different practice area working alongside a partner, solicitor or trainee. The team advised Asdas management team on its sale to the Issa brothers in the UKs largest leveraged buyout in over a decade. People on my team would actually listen to what I had to say.. Its partners salaries have risen by more than nine per cent over the past year following a 10 per cent rise in revenue to nearly 261m. The firm has partnered with BPP to design a bespoke programme that goes beyond helping you pass SQE assessments. We know each other personally which means we work together with more cohesion, and less formality. Whenever I first joined a seat, people would make a point of getting up from their desks to welcome me.. Following a survey of 3,000 trainee solicitors from 165 top UK firms, Macfarlanes was ranked as a winner in the "Confident of being kept on" category. For the online form its essential that you have really researched our firm consider why you want to build your long-term career at Macfarlanes specifically. Sustainable business Environmental, social. What core qualities do you look for in a stand out applicant? We use cookies to offer you a better browsing experience. Summer/Autumn 2024 - begin studying for the SQE with BPP. Our international model is simple, allowing us to focus our attention on our clients and our people. How do I get a training contract with macfarlanes? Make the most of their events and skills building workshops. A 'strong private client practice and the ability to do corporate work alongside this' gives Macfarlanes its edge. My utilisation was actually higher in litigation, where I was solidly busy from 9am to 8pm, whereas in this seat there are many more peaks and troughs., Sources were pleased to report that work/life balance is greatly respected at Macfarlanes: They understand that you can still be working, even if youre not sat in the office. Our derivatives and trading practice consists of two partners, three senior counsel, one FX & derivatives negotiator, six associates, two trainee solicitors and four paralegals. The newly qualified (NQ) solicitors are set to see their salaries double to $100,000 from the 50,000 they earned when they began as trainees at the silver circle firm two years ago . Macfarlanes advises Hyve on 320m takeover. I would highly recommend them as an employer and would return with no hesitation. $87 Million. The Legal 500 Future Lawyers verdict on Macfarlanes LLP. To understand more about how we use cookies or to change your cookie preferences, click on Showsettings. Candidates applying for Trainee Solicitor had the quickest hiring process (on average 1 day), whereas Associate roles had the slowest hiring process (on average 61 days). Macfarlanes has confirmed that full equity partners are paid an average of about 2.02 million each. To help gauge your progress, you have mid-seat and end of seat reviews. SQE timeline (for training programmes due to start in 2025) Spring/Summer 2023 - receive your training programme offer from Macfarlanes. Spring/Summer 2023 receive your training programme offer from Macfarlanes. Newbies submit their preferences two months before each rotation: Out of the 90 trainees across first and second year, about four dont get their top choice. Some of our interviewees got their top choice every time. Those who are concerned about a lack of legal experience can be reassured that the firm sees the value in all types of work experience: For example, we recognise that waitressing in a coffee shop can be extremely demanding, especially if you have to deal with tough customers, said Bains, adding: Our application process isnt a case of who you know or how many internships youve done, its about personal attributes., 20 Cursitor Street, London, EC4A 1LT Website www.macfarlanes.com. Trainee's Perspective of the Transaction. Highest Rated Member. corporate law firm Summer/Autumn 2024 begin studying for the SQE with BPP. We are an independent London-based law firm with a client base from around the world. I felt like an NQ!, Although Macfarlanes is better known for its work on private deals, our interviewees had more experience on the public side. Sources said they got to become subject matter experts in this seat: When youre working across the lifecycle of a transaction you end up learning loads about the clients product. A vacation scheme is a way of gaining invaluable work experience at a law firm. Is there confession in the Armenian Church? Macfarlanes receives another 1,200 applications from candidates gunning directly for its training programme; the application form is the same one that is used for the vac scheme. Many trained at the firm so know exactly what you need to learn. 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