Ben Tansey studied Law at Durham University. He completed a few vacation schemes in the City, and, after receiving offers from two different firms, accepted a training position at Weil Gotshal & Manges which started in March 2016. He has kindly shared with us his top 10 tips on securing a training contract.
If you are applying for training contracts you should keep an eye on law firm trainee retention rates as they are published. After all, the ultimate goal of completing a training contract is to become a newly qualified (NQ) lawyer so a firm's retention rate may play a role in your decision where to apply.
In a quiet week for lateral recruitment, Weil, Gotshal & Manges hired from Ashurst in the City as other firms made notable moves further abroad.
The London office of Weil, Gotshal & Manges has announced that trainees will receive a pay increase of up to 10%.
Weil, Gotshal & Manges’ London office has today (15th January) launched a new work placement scheme specifically aimed at first year students. The ‘First Year Fast Track Scheme’ will offer up to 10 students the opportunity to spend one week’s work experience at the firm this April. During the week, students will take on real work and share an office with an associate. This experience will offer participants a fantastic introduction to the firm, enabling them to gain a genuine insight into the work and culture of Weil.
Herbert Smith Freehills has published its trainee retention rate for spring 2016, recording a third straight 90%+ score.
Of a total intake of 35, 33 trainees received offers, all of which were duly accepted. This achieves a total retention rate of 94%.
For Weil, Gotshal & Manges’ full Lex 100 2016/17 profile, see here.
US-headquartered Weil, Gotshal & Manges is one of a small handful of firms that has a balance of market-leading private equity, finance and restructuring capabilities with an international framework of consistently high quality offices. Trainees love ‘the focus on private equity’, the firm’s ‘particular strength in key areas’, and the ‘excellent long-term career prospects’ on offer. Weil’s small trainee intake ‘means you get comfortable very quickly’ and trainees were inspired by working alongside ‘some of the best [people] in the industry’ on a daily basis.
Sullivan & Cromwell and Wachtell Lipton Rosen & Katz lead a host of elite US law firms advising Amazon on its $13.7bn purchase of Whole Foods Market, as the online retailer expands into the bricks and mortar food market.
Below is a fully interactive table, which shows the pay for those firms who have an extended profile with The Lex 100. If you'd like to compare firm's survey results go to our brand new Law Firm Comparison table or click through to our Firms section for a more detailed analysis of each firm.
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