Dechert

The Legal Cheek View

Dechert is perhaps best known in the UK for being the workplace of Miriam Gonzalez, the successful lawyer wife of former deputy PM Nick Clegg. Gonzalez leads the firm’s UK competition law team, which is one of its major London practice areas alongside finance, private equity and litigation. Dechert also has a well-regarded white collar crime practice operating out of the UK, giving the office a more rounded feel than some purely deal-driven US firms in the City.

This latter department has been in growth mode in the last couple of years, expanding by a very hefty 60% since 2015. This comes amid wider expansion in London, where billed and received work is up 19% this year, bucking Brexit fears. With the firm’s performance stateside largely flat this year, Dechert’s UK figures have been central in the firm-wide 2.4% increase in revenue this year and 1.6% increase in profits per equity partner (PEP) to take PEP over the £2 million mark. London newly qualified solicitor pay rose last year to £90,000.

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Key Info

Training contracts 11
Latest trainee retention rate 73%
Offices 27
Countries 12
Minimum A-level requirement AAB
Minimum degree requirement 2:1

Insider Scorecard

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

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.

Hours

Average arrival time 8:52am
Average leave time 7:42pm
Annual target hours 1,750
Annual leave 25 days

Money

First year trainee salary £45,000
Second year trainee salary £50,000
Newly qualified salary £90,000
Profit per equity partner £2,030,000
GDL grant £10,000
LPC grant £10,000

Diversity

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

Universities Current Trainees Attended