Ashurst

The Legal Cheek View

After a difficult 2016, which saw falls in profit per equity partner (PEP) and revenue, Ashurst appears to be back on track. This year the firm announced a return to form, with PEP recovering by nearly 12% to hit £672,000 while revenue rose 7% to £541 million. There’s a newfound buzz around the place, heightened by excitement at the firm’s forthcoming to move into a fancy new office in the Spitalfields area of the City of London in 2019. “I’ve heard great things about the new building!” one trainee tells us.

Although Ashurst now sits within the global megafirm bracket following its 2012 merger with Australian outfit Blake Dawson – which has given it a major presence in Asia – in London its ‘silver circle’ roots remain. To translate the jargon: Ashurst has a strong finance speciality built around a slightly gentler culture to a magic circle firm.

That helps to support A-grade training and, once you are ready to handle it, desirable work. Trainees report being “rarely given dogsbody work” and often being “given a high level of responsibility”. But also note that “ironically, in the more technical departments the work can be less stimulating”. The firm’s Glasgow office is on hand, though, to do much of the volume work.

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Work/life balance is better than at the more intensive City and US firms, with a reasonable average leave time of just after half past seven. “You rarely have to cancel plans,” reports an insider. Another trainee summarises their experience like this: “I play a lot of sport (organised on Tuesdays and Wednesdays after work) and take the hit on other evenings if need be. My superiors encourage me to leave the office as soon as I can (work permitting), which is encouraging. Some days can be long though and I’ve had a few bad Friday evenings, which is never fun. I haven’t worked any weekends though.”

Decent scores for social life in the Legal Cheek Trainee and Junior Lawyer Survey 2017-18, alongside a “very supportive” peer group add to the largely happy vibes. A social committee organises regular meet-ups for lunch in the summer and weekend drinks and rounders games. Other perks include gratis fro-yo after 6:30pm, complimentary membership (and entry) to institutions such as the British Museum, plus a subsidised canteen, cut price gym membership and “lots of biscuits”.

Meanwhile, in another sign that the Blake Dawson merger is being fully bedded in, trainees have been pleased to see international secondment numbers rise substantially this year – over a quarter have done one. Destinations include Frankfurt, Madrid, Tokyo, Hong Kong and Singapore. There are also a small number of client secondments, including to some of Ashurst’s esteemed banking clients such as Goldman Sachs.

Deadlines

Winter Vacation Scheme

11-15 December 2017
Applications open 01/09/2017
Applications close 05/10/2017

Ahead with Ashurst (first year programme)

9-13 April 2018
Applications open 01/09/2017
Applications close 07/01/2018

Summer Vacation Schemes

25 June-13 July; 23 July-10 August 2018
Applications open 01/09/2017
Applications close 07/01/2018

Training Contract

To commence September 2020
Applications open 01/10/2017
Applications close 07/01/2018

Training Contract

To commence March 2021
Applications open 01/05/2018
Applications close 31/07/2018

Insider Scorecard

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

Insider Scorecard Grades range from A* to D and are derived from the Legal Cheek Trainee and Junior Lawyer Survey 2017-18 of over 2,000 trainees and junior associates at the leading law firms in the UK.

Money

First year trainee salary £42,000
Second year trainee salary £46,000
Newly qualified salary £72,000
Profit per equity partner £672,000
GDL grant £8,000
LPC grant £8,000

Hours

Average arrival time 9:11am
Average leave time 7:39pm
Annual target hours 1,600
Annual leave 27 days

Secondments

Chances of secondment abroad 26%
Chances of client secondment 5%

General Info

Training contracts 45
Latest trainee retention rate 95%
Offices 25
Countries 15
Minimum A-level requirement AAB
Minimum degree requirement 2:1

Diversity

UK female associates 52%
UK female partners 19%
UK BME associates Undisclosed
UK BME partners Undisclosed

Universities Current Trainees Attended

The Firm In Its Own Words