Akin Gump

The Legal Cheek View

Akin Gump is now a substantial player in London having taken over Bingham McCutchen’s entire London office — including its training contract programme (Akin Gump’s London office didn’t use to offer graduate jobs). Now it offers four TCs each year.

The firm is rather quiet on the marketing front, not tending to be seen around UK university campuses much and rarely appearing in the legal press to talk about what it does. Instead, its strategy is to pay top whack and sit back and watch the applicants come in. Yes, Akin Gump is a MoneyLaw firm, having boosted its NQ rate this year to an incredible US$180,000 (or £140,000).

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Interestingly, the firm’s profit per equity partner is significantly lower than some of the very top US shops (most of which pay lower NQ rates), but it still stands around magic circle levels.

Practice area-wise, Akin Gump’s focus in London is on finance and restructuring work, with UK senior partner James Roome one of the most respected in the business for the latter. It’s all a long way from the firm’s origins specialising in criminal law having been founded by two FBI agents.

Money

First year trainee salary £48,000
Second year trainee salary £52,000
Newly qualified salary £140,000
Profit per equity partner £1,440,000
GDL grant £8,000
LPC grant £8,000

Hours

Annual target hours No targets
Annual leave 25 days

General Info

Training contracts 4
Latest trainee retention rate Undisclosed
Offices 20
Countries 9
Minimum A-level requirement No minimum
Minimum degree requirement 2:1

Diversity

UK female associates Undisclosed
UK female partners Undisclosed
UK BME associates Undisclosed
UK BME partners Undisclosed