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 a rise in NQ pay above the £70k mark is illustrative of a newfound determination from the firm to hang onto its talent.

Remuneration has been a bugbear at Mayer Brown since its US-based management team opted against adopting MoneyLaw rates and instead chose 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.”

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Key Info

Training contracts 15
Latest trainee retention rate 73%
Offices 24
Countries 12
Minimum A-level requirement AAB
Minimum degree requirement 2:1

Insider Scorecard

Training
A*
Quality of work
A
Peer support
A
Partner approach-ability
B
Work/life balance
B
Perks
A
Office
A
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 9:15am
Average leave time 8:12pm
Annual target hours No targets
Annual leave 25 days

Money

First year trainee salary £42,000
Second year trainee salary £47,000
Newly qualified salary £71,500
Profit per equity partner £1,190,000
GDL grant £7,000
LPC grant £7,000

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