Forsters

The Legal Cheek View

Meet Forsters at the Legal Cheek UK Virtual Law Fair on 4 November 2021

Housed in a substantial portion of a Georgian terrace in Mayfair, private client and real estate outfit Forsters feels more like an upmarket boutique hotel than a commercial law firm. A small annual trainee intake of just ten adds to the intimate vibe. “Mayfair is a great place to work, and I always look forward to coming to work in our offices,” one tells us. Another reckons that working in a listed building with rooms featuring ceiling frescos is delightful but notes that the building is “getting a bit short of space”.

Training here means lots of exposure to quality work at an early stage. As one Forsters’ rookie reports: “The amount of responsibility we are given is incredible — we are able to run our own (albeit small fry) files and are given plenty of client contact. Thorough feedback is provided at regular intervals”. Another adds: “I feel I am constantly involved in work outside of my comfort zone, but it is very stimulating as a result”. Rookies also get the opportunity to do six 4-month seats, meaning they get to sample a broader range of the firm’s practice areas.

Forsters’ lawyers have been busy of late, with a growth in the high net worth individual market seeing solid revenue growth following the financial crisis. Since the Brexit referendum in 2016 that growth has slowed to single figures, but the firm is still expanding. In Forsters’ latest financial results revenue had grown 3.6% from £58 million to £60.09 million, whilst profit per equity partner (PEP) rose by 7.1% from £405,000 to £434,000.

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The firm certainly has come a long way since it was founded in 1998 by ten partners as a breakaway from one of the UK’s oldest law firms, Frere Cholmeley Bischoff, after it opted for a merger with Eversheds. Forsters takes its name from John Forster, one of the founding partners of what was to become Frere Cholmeley Bischoff in 1770. 

Alongside private clients, the firm is also big in real estate, and has been expanding its corporate and banking teams as well. The working culture remains one where reasonable hours are the norm. According to this year’s Legal Cheek Trainee and Junior Lawyer Survey the average time to start work is around 9am and the average leave time is around 6:30pm. 

“I would have given it a 10 out of 10 [for work/life balance] but had to cancel a couple of dinners — in three years, so that’s still a good percentage!” one junior associate tells us. Another says that they are “actively encouraged to pursue extra-curricular weekday activities”. Our survey also shows that Fosters rookies get on well and often help each other out with over 80% of respondents giving their peers top marks for supportiveness.

In return, there are no MoneyLaw salaries, but the £64,000 newly qualified rate works out pretty well on a per hour basis. Nor are there the sort of perks you find in the Magic Circle, or even any qualification leave for trainees at the end of their training contracts (which has been a major gripe among the firm’s rookies in recent years). International secondments, meanwhile, are not a thing — having said that, it is relatively common to take trainees on business trips. But to some the upsides of ploughing a different furrow across town in West London will no doubt override such considerations.

Deadlines

Summer Vacation Scheme

June - July 2022
Applications open 01/11/2021
Applications close 31/01/2022

Training Contract 2024

To commence 2024
Applications open 01/11/2021
Applications close 13/06/2022

Insider Scorecard

A
Training
A
Quality of work
A*
Peer support
A
Partner approach-ability
A*
Work/life balance
B
Legal tech
B
Perks
A
Office
A
WFH
A
Eco-friendliness

Insider Scorecard Grades range from A* to D and are derived from the Legal Cheek Trainee and Junior Lawyer Survey 2021-22 of over 2,000 trainees and junior associates at the leading law firms in the UK.

Money

First year trainee salary £43,500
Second year trainee salary £45,500
Newly qualified salary £70,000
Profit per equity partner £434,000
GDL grant £6,000
LPC grant £6,000

Hours

Average start work time 08:55
Average finish time 18:31
Annual target hours 1,300
Annual leave 25 days

Average arrive and leave times are derived from the Legal Cheek Trainee and Junior Lawyer Survey 2021–22 of over 2,000 trainees and junior associates at the leading law firms in the UK. Trainee target hours are 1,200.

Secondments

Chances of secondment abroad 0%
Chances of client secondment 0%

Secondment probabilities are derived from the Legal Cheek Trainee and Junior Lawyer Survey 2021–22 of over 2,000 trainees and junior associates at the leading law firms in the UK. Please note that due to Covid-19 secondment probabilities are lower than in usual years.

General Info

Training contracts 10
Latest trainee retention rate 88%
Offices 1
Countries 1
Minimum A-level requirement ABB
Minimum degree requirement 2:1

Diversity

UK female associates 65%
UK female partners 51%
UK BME associates 13%
UK BME partners 5%

Universities Current Trainees Attended

The Firm In Its Own Words

Expect More from Graduate Recruitment with Forsters LLP

Looking for something a little different? You just found it. #ExpectMore from #GraduateRecruitment with Forsters LLP. + More seats + More opportunity + More responsibility + More support + More teamwork + More development + More you! Apply today: https://www.forsters.co.uk/careers/graduates

Posted by Forsters LLP on Friday, 26 July 2019