The Legal Cheek View
There is a real buzz around Mishcon de Reya right now. And whether it’s Brexiteers picketing the firm’s fancy new London office (Mishcon is leading a high profile challenge against the invoking of Article 50), or celebrity clients getting papped as they stop by for a bit of high value legal advice, this clever little practice always manages to find itself in the limelight. Perhaps more importantly, Mishcon’s profit per equity partner has just smashed through the £1million mark for the first time. The mood, as you would imagine, is pretty good.
Everywhere you look at the firm there is investment, with the training for new recruits so comprehensive that insiders say it “sometimes is too much”. Others lap up a programme that is “designed to encourage new thinking and make us thought leaders”. Meanwhile, the aforementioned new office in Holborn – which apparently hasn’t come cheap – is feted as “completely incredible”. Entry is via a kind of avant garde cocktail bar, where clients can grab themselves sushi and martinis while they wait. Coffee is served, slightly bafflingly, via an iPad.
Work-wise, Mishcon’s twin strengths are litigation and private client (hence the celebs). The firm’s smaller size – it has just two offices, in London and New York – means exposure to interesting stuff is plentiful, with quality of work said to be stellar. Mishcon is one of the top scorers in this category in the Legal Cheek Trainee and Junior Lawyer Survey. The downside to the lack of a global footprint is minimal availability of secondments, although work trips are more common than at some firms.
As you would expect with all the cash sloshing around, partner niceness levels are high. One rookie reports: “The client comes first, obviously, but that aside, my superiors would drop everything to assist me with a client issue or query”. And peer support is also pretty good. “I can ask anyone of any rank anything at any time, which I think is pretty rare,” says another. Social life is also said to be excellent among trainees.
All this happiness has been achieved despite distinctly unspectacular salaries at a firm where long hours are commonplace. Unusually for lawyers, the Mishcon lot just seem to enjoy their jobs.