Eversheds Sutherland

The Legal Cheek View

The merger between Eversheds and US firm Sutherland Asbill & Brennan went live on 1 February 2017, creating a new transatlantic megafirm with 2,300 lawyers across 61 offices in 29 countries. Four months later, Eversheds Sutherland took a 33% stake in 80-lawyer Singapore outfit Harry Elias Partnership.

Yet a casual peruser of the firm’s financial 2017 results could be excused for not realising that there has been any tie-up activity -- as Eversheds and Sutherland Asbill & Brennan remain financially independent despite the co-branding. So we are able to directly compare this year’s Eversheds’ results with last year’s, revealing a rise in revenue by 8% to £438.6m but a dip in profit per equity partner by 4% to £726,000 (which reflects some of that recent merger investment).

Judging by the responses to the Legal Cheek Trainee and Junior Lawyer Survey 2017-18, the effect of the merger on UK rookies has been pretty minimal – with barely a squeak about the US combination. Instead the big themes remain similar to last year, with Eversheds Sutherland still coming across as a solid firm, with nice partners, decent work/life balance and a 'sector-focused' approach that leads to some great client secondments.

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Key Info

Training contracts 50
Latest trainee retention rate 80%
Offices 55
Countries 28
Minimum A-level requirement ABB
Minimum degree requirement 2:1

Insider Scorecard

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

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 8:41am
Average leave time 6:51pm
Annual target hours 1,500
Annual leave 26 days

Money

First year trainee salary £37,000
Second year trainee salary £38,500
Newly qualified salary £64,000
Profit per equity partner £726,000
GDL grant £7,000
LPC grant £7,000

First year trainees outside London receive £26,000, rising to £27,500 in their second year, while newly qualified solicitors outside London receive £41,500. The GDL and LPC grants are both reduced to £5,000 for those outside London

Diversity

UK female associates 61%
UK female partners 25%
UK BME associates 7%
UK BME partners 3%

Universities Current Trainees Attended