Mayer Brown

The Legal Cheek View

Consistently rated one of the best firms for training in the City, Mayer Brown’s newly qualified (NQ) associates are so well drilled that they’re often targeted by other US and magic circle rivals. “There is lots of training at MB and it is excellent, both internal and external,” a current trainee tells us. But two recent rises in NQ pay, which now stands at £75,000, is illustrative of a newfound determination from the firm to hang onto its talent.

Remuneration has previously been a bugbear at Mayer Brown, with its US-based management team opting against adopting MoneyLaw rates and instead choosing to follow what is a broadly silver circle junior solicitor pay scale. With profit per equity partner (PEP) at the firm standing at £1.19 million – broadly equivalent to magic circle firms – some believe it could be a bit more generous. However, investment elsewhere has seen PEP drop slightly this year on the back of marginally increased revenue, suggesting rookies may have to wait a bit longer for any further pay rises. Still, the rewards are obviously in place for those who make it to the top. And the quality of work is what you would expect from such a profitable firm.

In London, Mayer Brown concentrates on corporate finance, litigation and high end insurance work, while also boasting highly-rated niches in intellectual property and tech. Alongside standard trainee tasks in these practice areas like bundling, bibling, proof-reading and general admin, insiders tell us that there is “meaty work, such as drafting documents, interesting pieces of research, and attending meetings/court.”

Continue reading

Secondments are another Mayer Brown strong point. According to the Legal Cheek Trainee and Junior Lawyer 2017-18, 75% of trainees do a client placement (sometimes internationally) while 21% do time at one of the firm’s overseas offices.

This year Mayer Brown trainees and junior associates have sampled life at the likes of Thomson Reuters, HSBC, Unilever and Wells Fargo. Common firm secondment destinations include Chicago and Hong Kong. Mayer Brown is apparently the only firm with more than 200 lawyers in each of these cities and London, the world’s three largest financial centres.

Work/life balance is pretty standard for this bracket of firm, with an average leave the office time of just after 8pm. Meanwhile, the general culture and friendliness of partners is said to be pretty good.

Perks are plentiful, with the subsidised gym membership the standout freebie (even if some complain that it is on the “stingy” side). A solid firm canteen, with “excellent” coffee and “lots of options including healthy ones such as juices, smoothies, fresh yoghurts and a great salad bar”, wins widespread broad approval. However, the social life is said to be slightly lacking with current trainees calling for more firm-organised socials.

Deadlines

Spring Vacation Scheme 2018

9 April-20 April 2018
Applications open 01/11/2017
Applications close 31/01/2018

Summer Vacation Scheme 2018

18 June-29 June; 2 July-13 July 2018
Applications open 01/11/2017
Applications close 31/01/2018

Training Contract

Applications open 01/11/2017
Applications close 31/07/2018

Articled Route to Qualification

Applications open 01/11/2017
Applications close 31/03/2018

Insider Scorecard

A*
Training
A
Quality of work
A
Peer support
B
Partner approach-ability
B
Work/life balance
C
Tech
A
Perks
A
Office
B
Canteen
B
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 £43,000
Second year trainee salary £48,000
Newly qualified salary £75,000
Profit per equity partner £1,190,000
GDL grant £7,000
LPC grant £7,000

Hours

Average arrival time 9:15am
Average leave time 8:12pm
Annual target hours No targets
Annual leave 25 days

Secondments

Chances of secondment abroad 21%
Chances of client secondment 75%

General Info

Training contracts 15
Latest trainee retention rate 73%
Offices 25
Countries 12
Minimum A-level requirement AAB
Minimum degree requirement 2:1

Diversity

UK female associates 58%
UK female partners 16%
UK BME associates 25%
UK BME partners 13%

Universities Current Trainees Attended

The Firm In Its Own Words