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Aspiring Lawyers - Applications & General Advice
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Deciding between training contracts
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<blockquote data-quote="Romiras" data-source="post: 36694" data-attributes="member: 1993"><p>On top of my answer that [USER=1]@Jaysen[/USER] had quoted, I can add a bit of perspective on FF/Links.</p><p></p><p>Linklaters is a fairly balanced firm (in terms of all around practice strength), but Freshfields is a much better corporate firm. Especially in terms of PE (where Linklaters isn't as big of a player like CC, FF, Kirkland, Latham). Therefore depending on what you see yourself doing long term, you may want to pick FF/Links based on its practice strength (and market reputation with respect to their strengths). Although, you must always question what any of these differences / points mean to you. For example, in terms of lateraling at NQ stage, whether you pick FF or Linklaters will not really materially impact you (even if it is for a Corporate role in another firm). You could also consider the types of clients that you may want to work with.</p><p></p><p>As for the prestige between FF and Links, they're essentially negligible (in terms of market sentiment / lateraling) and infinite in variation between friends and onlookers. For example, there are many ways to argue prestige: "FF is more prestigious because they pay more at NQ level or have a better PE department.", "Linklaters is more prestigious because they are better at a lot of other practice areas and has a better Africa / Asia practice", etc. </p><p></p><p>I'd focus on what matters to you, and perhaps that may be the personal experience of being a trainee at said firm. I don't think you can discount the culture that you've "unearthed" from the vacation scheme. The two firms do have very different cultures (between themselves and across each firm's own practice areas). However, it is often a personal experience. I will say this though, if you want a friendly experience, you may want to avoid the FF Corporate / FIDG team. </p><p></p><p>You should also consider the secondment opportunities and the firm's training contract structure. Between the two firms, FF has a far more flexible training contract structure. It still uses the traditional Grad Rec Decides for you + Preferences model, but it is also influenced by merit (you get rated 1-5 each appraisal). You will get the international secondment of choice if you've done well compared to your peers, so in a sense, you have control over this process. Linklaters (depending on when you become a trainee) are looking to adopt Clifford Chance's seat bidding point system, where you will need to bid points and win your seats based whether you have out bid others. There are pros and cons to this system (as with the FF model), which you should consider. FF may have more interesting client secondments (like Silicon Valley) - so consider that too.</p></blockquote><p></p>
[QUOTE="Romiras, post: 36694, member: 1993"] On top of my answer that [USER=1]@Jaysen[/USER] had quoted, I can add a bit of perspective on FF/Links. Linklaters is a fairly balanced firm (in terms of all around practice strength), but Freshfields is a much better corporate firm. Especially in terms of PE (where Linklaters isn't as big of a player like CC, FF, Kirkland, Latham). Therefore depending on what you see yourself doing long term, you may want to pick FF/Links based on its practice strength (and market reputation with respect to their strengths). Although, you must always question what any of these differences / points mean to you. For example, in terms of lateraling at NQ stage, whether you pick FF or Linklaters will not really materially impact you (even if it is for a Corporate role in another firm). You could also consider the types of clients that you may want to work with. As for the prestige between FF and Links, they're essentially negligible (in terms of market sentiment / lateraling) and infinite in variation between friends and onlookers. For example, there are many ways to argue prestige: "FF is more prestigious because they pay more at NQ level or have a better PE department.", "Linklaters is more prestigious because they are better at a lot of other practice areas and has a better Africa / Asia practice", etc. I'd focus on what matters to you, and perhaps that may be the personal experience of being a trainee at said firm. I don't think you can discount the culture that you've "unearthed" from the vacation scheme. The two firms do have very different cultures (between themselves and across each firm's own practice areas). However, it is often a personal experience. I will say this though, if you want a friendly experience, you may want to avoid the FF Corporate / FIDG team. You should also consider the secondment opportunities and the firm's training contract structure. Between the two firms, FF has a far more flexible training contract structure. It still uses the traditional Grad Rec Decides for you + Preferences model, but it is also influenced by merit (you get rated 1-5 each appraisal). You will get the international secondment of choice if you've done well compared to your peers, so in a sense, you have control over this process. Linklaters (depending on when you become a trainee) are looking to adopt Clifford Chance's seat bidding point system, where you will need to bid points and win your seats based whether you have out bid others. There are pros and cons to this system (as with the FF model), which you should consider. FF may have more interesting client secondments (like Silicon Valley) - so consider that too. [/QUOTE]
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