Log in
Register
Search
Search titles only
By:
Search titles only
By:
Log in
Register
Search
Search titles only
By:
Search titles only
By:
More options
Toggle width
Share this page
Share this page
Share
Facebook
Twitter
Reddit
Pinterest
Tumblr
WhatsApp
Email
Share
Link
Menu
Install the app
Install
Law Firm Directory
Apply to Paul, Weiss
Forums
Law Firm Events
Law Firm Deadlines
TCLA TV
Members
Leaderboards
Premium Database
Premium Chat
Commercial Awareness
Future Trainee Advice
Forums
Aspiring Lawyers - Applications & General Advice
General Discussion
Moving from Magic Circle to US firms
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Kola" data-source="post: 46590" data-attributes="member: 7894"><p>This is something I've personally been conflicted about. I have done a lot of research on the topic, and there are many things that differentiate MC firms from US firms on a broad level. That being said, I think my confusion about which is better is more so a reflection on me being unsure about what I want. Ultimately, as many others have said, it entirely depends on what you want, and the better understanding you have of your future desires and aspirations, the more likely it is that you will make the correct decision.</p><p></p><p>You should probably consider the following:</p><p></p><p>1. Do you want a large trainee intake (MC) or a small trainee intake (US) and all the other implications that follow from each e.g. responsibility, impact, participation in significant deals, social aspects</p><p></p><p>2. Do you want a planned training structure (MC) or prefer learning as you work and all the other implications that follow from each e.g. are you someone that can handle making mistakes if it means you can learn from them or are you someone that prefers to be informed before completing a task?</p><p></p><p>3. What are your interest? MC firms offer trainees a far more diverse array of departments to choose from whereas most US firms focus primarily on PE, restructuring, corporate M&A etc. Everything else is a secondary consideration if a consideration at all. If you're someone who is really passionate about art & cultural property law, for example, it's probably better to go down the MC route, whereas if you really care about PE, you can't really beat the expertise that US firms hold. There are also more niche considerations to take into account regarding departmental differences. MC firms, for example, are more pre-eminent in public M&A in comparison to US firms. The departmental layout is also different - in MC firms, departments are specialised, whereas in US firms, departments are, in some cases, there in name only and trainees are expected to work cross-department almost every day.</p><p></p><p>4. International aspects - which markets do you care more about? For example, if you really want to engage in US related work, US firms would obviously be better, but that may not necessarily be the case for Asia-Pacific or Europe related work.</p><p></p><p>5. Other considerations would probably include compensation and prestige. Would you be happy with £100k instead of £150k etc.</p><p></p><p>It's probably important to disclose that I am not a trainee yet, so there are probably far better people who can give you advice on this. Also, if anyone sees anything wrong with what I've said above, please feel free to correct me.</p></blockquote><p></p>
[QUOTE="Kola, post: 46590, member: 7894"] This is something I've personally been conflicted about. I have done a lot of research on the topic, and there are many things that differentiate MC firms from US firms on a broad level. That being said, I think my confusion about which is better is more so a reflection on me being unsure about what I want. Ultimately, as many others have said, it entirely depends on what you want, and the better understanding you have of your future desires and aspirations, the more likely it is that you will make the correct decision. You should probably consider the following: 1. Do you want a large trainee intake (MC) or a small trainee intake (US) and all the other implications that follow from each e.g. responsibility, impact, participation in significant deals, social aspects 2. Do you want a planned training structure (MC) or prefer learning as you work and all the other implications that follow from each e.g. are you someone that can handle making mistakes if it means you can learn from them or are you someone that prefers to be informed before completing a task? 3. What are your interest? MC firms offer trainees a far more diverse array of departments to choose from whereas most US firms focus primarily on PE, restructuring, corporate M&A etc. Everything else is a secondary consideration if a consideration at all. If you're someone who is really passionate about art & cultural property law, for example, it's probably better to go down the MC route, whereas if you really care about PE, you can't really beat the expertise that US firms hold. There are also more niche considerations to take into account regarding departmental differences. MC firms, for example, are more pre-eminent in public M&A in comparison to US firms. The departmental layout is also different - in MC firms, departments are specialised, whereas in US firms, departments are, in some cases, there in name only and trainees are expected to work cross-department almost every day. 4. International aspects - which markets do you care more about? For example, if you really want to engage in US related work, US firms would obviously be better, but that may not necessarily be the case for Asia-Pacific or Europe related work. 5. Other considerations would probably include compensation and prestige. Would you be happy with £100k instead of £150k etc. It's probably important to disclose that I am not a trainee yet, so there are probably far better people who can give you advice on this. Also, if anyone sees anything wrong with what I've said above, please feel free to correct me. [/QUOTE]
Insert quotes…
Verification
Our company is called, "The Corporate ___ Academy". What is the missing word here?
Post reply
Forums
Aspiring Lawyers - Applications & General Advice
General Discussion
Moving from Magic Circle to US firms
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…