Weil Gotshal & Manges

The Legal Cheek View

Weil Gotshal & Manges was set up in 1931 by a group of Jewish lawyers who were unable to find jobs in Depression-era New York at a time when anti-Semitism was rife. Through focusing on then unfashionable areas of finance, the firm grew rapidly during the 1980s as techniques that it had helped pioneer like the leveraged buyout went mainstream. These days, the elite megafirm’s speciality is private equity. And having put a turbulent few years behind it, this focus is clearly paying dividends with Weil’s global profit per equity partner up by 5% to close to £2 million last year.

The firm has a sizeable presence in the UK, taking on 12-15 trainees each year. In keeping with many US firms in London, Weil doesn’t hold these rookies’ hands too closely. Insiders report “hardly any formal training” with “mostly learning on the job which is probably better experience in the long-term, but in the short-term can you leave you feeling overwhelmed and unprepared”.

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Key Info

Training contracts 13
Latest trainee retention rate Undisclosed
Offices 19
Countries 9
Minimum A-level requirement AAB
Minimum degree requirement 2:1

Insider Scorecard

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

Grades derived from the Legal Cheek Trainee and Junior Lawyer Survey of over 1,500 trainees and junior associates at the leading UK law firms.

Hours

Average arrival time 9:27am
Average leave time 7:56pm
Annual target hours No targets
Annual leave 24 days

Money

First year trainee salary £46,000
Second year trainee salary £50,000
Newly qualified salary £115,000
Profit per equity partner Undisclosed
GDL grant £8,000
LPC grant £8,000

Diversity

UK female associates 43%
UK female partners 19%
UK BME associates 17%
UK BME partners 6%

Universities Current Trainees Attended