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<blockquote data-quote="Daniel Boden" data-source="post: 10768" data-attributes="member: 487"><p><strong><u><em>The Lawyer</em>: <span style="font-size: 15px">Data dive: If you want to make partner at a US firm, train at Slaughter and May (27 March 2019)</span></u></strong></p><p><strong></strong></p><p><span style="font-size: 15px"><u>Introduction</u></span></p><p><span style="font-size: 15px"><em>The Lawyer</em> recently analysed US firms that have grown organically in London to compare their training programmes with those of UK and magic circle firms. The results were very interesting and suggest that for those lawyers that train at US firms, they are unlikely to make partner at said firms.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px"><em>The Lawyer </em>looked at Latham & Watkins, Kirkland & Ellis, Shearman & Sterling, White & Case, Covington & Burling, Cleary Gottlieb Steen & Hamilton, Sidley Austin and Weil, Gotshal & Manges to compare to see how many of the firms' homegrown lawyers had made partner. The results were very interesting and are summarised below: </span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px"><strong>Latham & Watkins</strong></span></p><p><span style="font-size: 15px">- First took trainees in 2006 and had no home-grown partners in its latest promotions round. </span></p><p><span style="font-size: 15px">- Since 2006, 170 lawyers trained at Latham and the firms currently has almost 50 trainees at the firm.</span></p><p><span style="font-size: 15px">- Overall, not too unsurprising that the firm hasn't got a home-grown partner as only roughly 15/170 lawyers could have been expected to be at the promotion stage.</span></p><p></p><p><strong>Kirkland & Ellis</strong></p><p>- First took trainees in 2009 and had no home-grown partners in the latest round of promotions.</p><p>- Kirkland's first home grown partners started in 2017 due to its unusual system of promoting associates at six years PQE. This means many more are likely to come soon.</p><p>- The firm's 'make equity or leave' model means some of its lawyers don't become equity partners, instead leaving for other firms (one left partner status to become an associate at Linklaters).</p><p></p><p><strong>Shearman & Sterling</strong></p><p>- First took trainees in 1999, but had no home-grown partners in the latest round of promotions.</p><p>- The last was in 2018, and the firm made up two in 2019, both being trained overseas.</p><p></p><p><strong>White & Case</strong></p><p>- First took trainees in the 1990s and had one home-grown partner in the latest promotions round, making it the only firm that was surveyed to have a home-grown partner at a US firm in 2019.</p><p>- The firm has one of the oldest US training programmes and made up 13 partners this year, one of them being Helen Levendi, King’s College London graduate and White & Case 2009 qualifier.</p><p>- In fact, only having one home-grown lawyer is lower than normal for White & Case as in 2018 White & Case promoted two of its own former trainees to partner, and made three promotions in 2017 and four in 2016!</p><p></p><p><strong>Covington & Burling</strong></p><p>- The firm didn’t promote anyone in London in 2019, however, it has managed to promote two of its own trainees to the partnership in recent years.</p><p>- However, given that Covington has only made up six partners in London since 2012, this isn’t as bad as it would initially seem.</p><p></p><p><strong>Cleary Gottlieb Steen & Hamilton</strong></p><p>- Cleary doesn't make up many partners in London and even when it does, few have trained in the UK.</p><p>- Since 2013 Cleary made up six partners in the City, and only two trained in the UK.</p><p></p><p><strong>Sidley Austin</strong></p><p>- Like White & Case, Sidley has one of the oldest-established training contracts of US firms, however, unlike White & Case, Sidley doesn't have many London promotions per year which therefore limits the number of trainees making partner.</p><p>- The only lawyer who made partner in the London office in 2019 trained at Slaughter and May the last home-grown promotion in 2012.</p><p><strong></strong></p><p><strong>Weil, Gotshal & Manges</strong></p><p>- None of Weil's London promotions in 2019 trained at the firm.</p><p>- The last homegrown partner was in 2014 and she left for White & Case.</p><p></p><p><u>Conclusion</u></p><p>- <em>The Lawyer </em>covered 8 US firms in this article who made up 38 partners in their last rounds of promotions.</p><p>- Out of those:</p><p><a href="https://www.thelawyer.com/slaughter-may/" target="_blank">Slaughter and May</a> trained the most partners with four.</p><p>- <a href="https://www.thelawyer.com/linklaters/" target="_blank">Linklaters</a> and <a href="https://www.thelawyer.com/clifford-chance/" target="_blank">Clifford Chance</a> each trained two partners</p><p>- <a href="https://www.thelawyer.com/allen-overy/" target="_blank">Allen & Overy</a> and <a href="https://www.thelawyer.com/freshfields-bruckhaus-deringer/" target="_blank">Freshfields</a> both trained one</p><p>- Eight of the 38 partners trained overseas (four in the USA, three in Australia and one in Europe).</p></blockquote><p></p>
[QUOTE="Daniel Boden, post: 10768, member: 487"] [B][U][I]The Lawyer[/I]: [SIZE=4]Data dive: If you want to make partner at a US firm, train at Slaughter and May (27 March 2019)[/SIZE][/U] [/B] [SIZE=4][U]Introduction[/U] [I]The Lawyer[/I] recently analysed US firms that have grown organically in London to compare their training programmes with those of UK and magic circle firms. The results were very interesting and suggest that for those lawyers that train at US firms, they are unlikely to make partner at said firms. [I]The Lawyer [/I]looked at Latham & Watkins, Kirkland & Ellis, Shearman & Sterling, White & Case, Covington & Burling, Cleary Gottlieb Steen & Hamilton, Sidley Austin and Weil, Gotshal & Manges to compare to see how many of the firms' homegrown lawyers had made partner. The results were very interesting and are summarised below: [B]Latham & Watkins[/B] - First took trainees in 2006 and had no home-grown partners in its latest promotions round. - Since 2006, 170 lawyers trained at Latham and the firms currently has almost 50 trainees at the firm. - Overall, not too unsurprising that the firm hasn't got a home-grown partner as only roughly 15/170 lawyers could have been expected to be at the promotion stage.[/SIZE] [B]Kirkland & Ellis[/B] - First took trainees in 2009 and had no home-grown partners in the latest round of promotions. - Kirkland's first home grown partners started in 2017 due to its unusual system of promoting associates at six years PQE. This means many more are likely to come soon. - The firm's 'make equity or leave' model means some of its lawyers don't become equity partners, instead leaving for other firms (one left partner status to become an associate at Linklaters). [B]Shearman & Sterling[/B] - First took trainees in 1999, but had no home-grown partners in the latest round of promotions. - The last was in 2018, and the firm made up two in 2019, both being trained overseas. [B]White & Case[/B] - First took trainees in the 1990s and had one home-grown partner in the latest promotions round, making it the only firm that was surveyed to have a home-grown partner at a US firm in 2019. - The firm has one of the oldest US training programmes and made up 13 partners this year, one of them being Helen Levendi, King’s College London graduate and White & Case 2009 qualifier. - In fact, only having one home-grown lawyer is lower than normal for White & Case as in 2018 White & Case promoted two of its own former trainees to partner, and made three promotions in 2017 and four in 2016! [B]Covington & Burling[/B] - The firm didn’t promote anyone in London in 2019, however, it has managed to promote two of its own trainees to the partnership in recent years. - However, given that Covington has only made up six partners in London since 2012, this isn’t as bad as it would initially seem. [B]Cleary Gottlieb Steen & Hamilton[/B] - Cleary doesn't make up many partners in London and even when it does, few have trained in the UK. - Since 2013 Cleary made up six partners in the City, and only two trained in the UK. [B]Sidley Austin[/B] - Like White & Case, Sidley has one of the oldest-established training contracts of US firms, however, unlike White & Case, Sidley doesn't have many London promotions per year which therefore limits the number of trainees making partner. - The only lawyer who made partner in the London office in 2019 trained at Slaughter and May the last home-grown promotion in 2012. [B] Weil, Gotshal & Manges[/B] - None of Weil's London promotions in 2019 trained at the firm. - The last homegrown partner was in 2014 and she left for White & Case. [U]Conclusion[/U] - [I]The Lawyer [/I]covered 8 US firms in this article who made up 38 partners in their last rounds of promotions. - Out of those: [URL='https://www.thelawyer.com/slaughter-may/']Slaughter and May[/URL] trained the most partners with four. - [URL='https://www.thelawyer.com/linklaters/']Linklaters[/URL] and [URL='https://www.thelawyer.com/clifford-chance/']Clifford Chance[/URL] each trained two partners - [URL='https://www.thelawyer.com/allen-overy/']Allen & Overy[/URL] and [URL='https://www.thelawyer.com/freshfields-bruckhaus-deringer/']Freshfields[/URL] both trained one - Eight of the 38 partners trained overseas (four in the USA, three in Australia and one in Europe). [/QUOTE]
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