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2020-21 Vacation Scheme Applications Discussion

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Daniel Boden

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  • Sep 6, 2018
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    can anyone point me to the website where you can search for all the deals a firm has been involved in? I can't remember what it's called (it's not any of the legal news websites) - I think it might start with 'I' and be an abbreviation of something :/
    IFLR1000 I believe is the one you're thinking of :)

     

    Matt_96

    Legendary Member
    Future Trainee
  • Dec 15, 2018
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    Not directly application related but was just curious. Wanted to ask if anyone has any insight/knowledge/idea into how much you reckon a partner at an independent top 200 UK law firm makes on average at firms like - Edwin Coe, Teacher Stern, Memery Crystal, Wedlake Bell etc.

    Couldn't find anything on Teacher Stern at all, but Legal Cheek puts Wedlake Bell's current PEP at about £372k, and this article (from 2018-19) puts Edwin Coe's at £300k, so it may have increased since then. I couldn't find much out about Memery Crystal, but in this announcement by Rosenblatt, which bought the firm this month, it said that Memery Crystal had made £8m in profit last year, split between 29 partners, which averages out at approx. £275,862 per partner.

    However, these are all just averages so there could well be a number of junior partners earning quite a bit below that, and some earning quite a lot more. There could also be different tiers of partnership, too. For instance, at Macfarlanes, junior partners aren't immediately allowed a full equity stake and get paid around £180-200k a year, but that quickly rises to an average of £1.91 million with full equity. So nothing is as it seems!
     

    J123

    Star Member
    Future Trainee
    Jul 12, 2019
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    Reactions: Daniel Boden

    deckoking123

    Distinguished Member
    Nov 27, 2019
    58
    237
    Hope finishing a strength-based interview AC in 15 mins and spending the remaining 45 minutes recommending/discussing podcasts is a good sign - for anyone wondering this was Kennedys TC interview
    *Long story short * it wasnt a good sign as I got rejected. My upcoming 2 Vacation schemes are the only things keeping me sane
     

    Lohana

    Star Member
    Premium Member
    Dec 24, 2020
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    Couldn't find anything on Teacher Stern at all, but Legal Cheek puts Wedlake Bell's current PEP at about £372k, and this article (from 2018-19) puts Edwin Coe's at £300k, so it may have increased since then. I couldn't find much out about Memery Crystal, but in this announcement by Rosenblatt, which bought the firm this month, it said that Memery Crystal had made £8m in profit last year, split between 29 partners, which averages out at approx. £275,862 per partner.

    However, these are all just averages so there could well be a number of junior partners earning quite a bit below that, and some earning quite a lot more. There could also be different tiers of partnership, too. For instance, at Macfarlanes, junior partners aren't immediately allowed a full equity stake and get paid around £180-200k a year, but that quickly rises to an average of £1.91 million with full equity. So nothing is as it seems!
    Cheers for this really helpful!
     
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