Latham & Watkins

The Legal Cheek View

“There is no formal training” at Latham & Watkins, an insider at the firm tells us, “Just doing”. And what did you expect at an organisation where the NQ salary is £124,000? To justify that extraordinary remuneration, Latham’s rookies are expected to hit the ground running. That means grindingly long hours dotting the ‘i’s and crossing the ‘t’s on the high-end corporate finance transactions in which the firm specialises.

Still, this is not quite the Wild West environment of some of the small US firm London offices, where UK trainees can be something of an after thought. With 24 training contracts a year on offer, Latham offers more London graduate opportunities than many sizeable British firms and as such has a fairly well-developed (if minimalist) training infrastructure.

Continue reading

Key Info

Training contracts 24
Latest trainee retention rate 95%
Offices 31
Countries 13
Minimum A-level requirement AAB
Minimum degree requirement 2:1

Insider Scorecard

Training
B
Quality of work
A
Peer support
A
Partner approach-ability
A
Work/life balance
D
Perks
B
Office
B
Canteen
B
Social life
B
Chances of secondment abroad
A

Hours

Average arrival time 9:21am
Average leave time 8:54pm
Annual target hours 1,900
Annual leave 20 days

Money

First year trainee salary £45,000
Second year trainee salary £48,000
Newly qualified salary £124,000
Profit per equity partner £1,870,000
GDL grant £8,000
LPC grant £8,000

Diversity

UK female associates 45%
UK female partners 15%
UK BME associates 21%
UK BME partners 7%