Baker McKenzie Networking Dinners

The first few months back at university are often a flurry of career fairs, skills sessions, law dinners and society balls, and we imagine your university is no different!

We would like to invite you to apply to the annual Baker McKenzie Networking Dinner. The dates and details of the event are shown below. All begin with a drinks reception followed by a three-course meal. You will have the opportunity to network with Partners, Associates, Trainee Solicitors and Graduate Recruitment, learn about the firm, and experience our culture.

BRISTOL:

Date: 30th October

Time: 6:30pm

Venue: The Bristol Hotel

      Deadline: 20th October

WARWICK:

Date: 1st November

Time: 6:30pm

Venue: Whittles

     Deadline: 20th October

KINGS:

Date: 5th November

Time: 6:30pm

Venue: 1 Lombard Street

      Deadline: 27th October

CAMBRIDGE:

Date: 7th November

Time: 7pm

Venue: Gonville Hotel

      Deadline: 27th October

LSE:

Date: 8th November

Time: 6:30pm

Venue: 1 Lombard Street

      Deadline: 27th October

UCL:

Date: 12th November

Time: 6:30pm

Venue: 1 Lombard Street

      Deadline: 3rd November

OXFORD:

Date: 21st November

Time: 6:30pm

Venue: Malmaison

      Deadline: 10th November

DURHAM:

Date: 27th November

Time: 6:30pm

Venue: The Cellar Door

     Deadline: 17th November

EXETER:

Date: 28th November

Time: 6:30pm

Venue: Circa 1924

     Deadline: 17th November

Dress Code: Smart Casual

Norton Rose enters associate pay war putting NQs in line for £114k paycheque

Top-performing newly qualified (NQ) solicitors at Norton Rose Fulbright (NRF) will be in line to take home up to £114,000 as the firm becomes the latest to increase its starting rates amid an escalating war for associate talent in the City.

NRF confirmed on 9 October a 9% rise to its NQ basic salary to £87,500 effective in January 2020, with bonuses of up to 30% on top of that.

A spokesperson said it was essential for the firm to ‘attract and retain high quality people’ and ‘ensuring our salaries are competitive is key to achieving this’.

NRF is the latest to confirm a six-figure pay package for NQs after Freshfields Bruckhaus Deringer in May announced one of the largest real-term pay rises in the City for a decade amid increasing pressure for associate talent from US rivals.

A few weeks after Freshfields raised its starting rate from £85,000 to £100,000 plus bonuses, all four of its Magic Circle rivals followed suit. Clifford Chance (CC) announced a £100,000 package including bonus at the beginning of June, matched by Slaughter and May, Allen & Overy and Linklaters shortly afterwards.

The competition widened well beyond the Magic Circle over the summer, with Ashurst announcing a 9% pay increase to £105,000 after firms including Macfarlanes, Travers Smith and Herbert Smith Freehills made similar moves.

In July, Baker McKenzie announced an eye-catching 23% increase to its starting rates to a minimum of £95,000, with performance-related bonuses bringing earnings to over £100,000.

marco.cillario@legalease.co.uk

This story first appeared on Legal Business

Global firms lined up to advise as Thomas Cook rescue talks fail

With news this weekend that Thomas Cook is on the brink of collapse and has ceased trading with immediate effect, a number of global elite firms have been lined up to advise on the latest high-profile collapse of a household name.

Ashurst is advising  the Official Receiver as well as AlixPartners and KPMG, which were appointed as special managers in respect of certain Thomas Cook entities, while Slaughter and May and Latham & Watkins are advising Thomas Cook. Insolvency practitioners from AlixPartners have been appointed as special managers over the airline and tour operator companies, while practitioners from KPMG have been appointed as special managers to the group’s retail division and to its aircraft maintenance companies.

Giles Boothman, Olga Galazoula and Lynn Dunne are leading the Ashurst team, with Crowley Woodford and Ruth Buchanan advising on the employment law aspects and Derwin Jenkinson, Tom Mercer and James Fletcher focusing on the corporate side. Meanwhile, the Slaughters team is being led by Tom Vickers and the Latham team is headed by partners Nick Cline, John Houghton and James Inness.

A Reed Smith team from the UK, Germany and the US are advising the Civil Aviation Authority in relation to the insolvency. The Civil Aviation Authority and AlixPartners will work together to deal with the repatriation of all stranded customers. The team is led by partners Richard Spafford who is advising on licensing and regulatory issues, Charlotte Møller leads on the insolvency law and contingency planning for the repatriation, while Nick Williams is advising on the financial aspects.

Chief executive of Thomas Cook Peter Fankhauser commented: ‘We have worked exhaustively in the past few days to resolve the outstanding issues on an agreement to secure Thomas Cook’s future for its employees, customers and suppliers.  Although a deal had been largely agreed, an additional facility requested in the last few days of negotiations presented a challenge that ultimately proved insurmountable.’

In July, a team led by restructuring partner Ian Johnson, financing partner Ed Fife and corporate partner Richard Smith from Slaughters and a team from Latham & Watkins advised Thomas Cook Group in relation to the proposed recapitalisation plan.

Thomas Cook was looking for a £750m investment and was in talks with its largest shareholder, Fosun Tourism Group, as well as the company’s core lenders on a substantial new capital investment as part of a proposed recapitalisation and separation of the group.

Muna.abdi@legalbusiness.co.uk

This article first appeared on legalbusiness.co.uk.

Why Law Firms are on the Hunt for STEM Graduates

Why Law Firms are on the Hunt for STEM Graduates

The Lex 100’s Halima Dikko explores why STEM graduates are so sought after in an industry which has traditionally been dominated by arts and humanities.

These days it’s far from unusual to meet a lawyer who studied a non-law undergraduate degree. Common subject choices for aspiring lawyers include English Literature, History, Politics and Modern Languages. But in recent years, an increasing number of law firms have shifted their focus to recruiting STEM -that is to say Science, Technology, Engineering and Mathematics – graduates, which begs the question- why?

An interest in STEM graduates is not exactly new. For years companies from myriad industries and sectors have been keen to recruit individuals with this educational background because their skills and experiences are relevant and transferable to a number of roles. And the law is no different. The increasing convergence of law and technology (evidenced by firms embracing Artificial Intelligence technologies and the launch of law-tech innovation hubs) has meant that law firms too are seeking to boost their trainee intake with scientific and tech-savvy recruits. Their acute understanding of the challenges facing STEM-centric businesses means that they are well-placed to devise solutions for clients.

For many law firms, especially those with established Intellectual Property (IP) practices and clients in the technology, manufacturing, healthcare and life sciences sectors, recruiting STEM graduates is high on the agenda. Matthew Royle, a partner in Taylor Wessing’s patents department explains: ‘More and more of our clients are in tech sectors and an understanding of our clients’ businesses is becoming more central to the way most law firms work – I think that automatically drives an increase in demand for STEM graduates. With most service industries – and the law is no different – actually having an interest in, and understanding your client’s business and what they’re doing, is really important to the relationships that you’re going to build and the level and quality of service that you can provide to them’.

For Bird & Bird, renowned for its work with Technology Media & Telecommunications clients, recruiting STEM students has been at the forefront of their recruitment programme for some time. Senior graduate recruitment officer Shannen Loudon expounds, ‘we’ve had a well-established IP practice for a long time, so for us it’s always been important that we attract specifically science and engineering students’. Indeed for areas like patent litigation, expert knowledge in the business area of the client and what they are trying to patent is invaluable. ‘If we’re representing pharmaceutical clients for example, it’s important we have individuals who understand and have a background knowledge of chemistry, biochemistry or pharmacology in order to deal with the technology and communicate with the client’s scientists’.

George Khouri, an associate in Bird & Bird’s IP department, echoes Loudon’s sentiment. ‘My background in biomedical engineering gives me an understanding of technical aspects of products that are sold by companies in the life sciences and telecommunications sectors. Having an understanding of some of the general scientific principles that products in these sectors are built on, such as the maths behind image processing algorithms or the physics behind an MRI machine, helps me get to grips with the ‘language’ and particularities of unfamiliar technical areas relatively quickly’.

‘The change in the market with regards to the development of new technologies’ is also a driving force behind the desire to recruit STEM graduates explains Joanne Smallwood, graduate recruitment specialist at Womble Bond Dickinson. These technologies have a profound effect on the way clients run their business and having individuals who are privy to the workings of such innovations is a significant benefit to both the firm and the client. ‘Having a solid grasp of the technology may give the client more confidence in your legal advice and help you discuss matters with expert witnesses with assurance’ says Khouri. Bird & Bird IP associate Georgina Hart expands, explaining that ‘Everyone is on an even playing field when it comes to the law but having some awareness of a particular field that a client operates in can help you when discussing technical topics’.

Aside from the knowledge and understanding of science and technology that STEM graduates bring to the practice of law, their ‘methodical and ‘logical way of doing things’ also makes them desirable to law firms, claims Royle. Loudon agrees: ‘They’ve got skills – specifically in research – that are really transferable to the role of a lawyer’.

Though STEM graduates offer a unique and valuable skill-set and expertise to the practice of law, that’s not to say law firms are sidelining candidates from other academic backgrounds, nor do they believe students who haven’t studied a STEM-related subject are lacking in any way. Gemma Barrett, IP partner at Bristows insists that non-STEM graduates should not be discouraged: ‘They’re just as able to do the work, it’s just that they might have to put a little bit more time into reading into the background so that they can get up to speed. But there’s absolutely no bar to them doing IP, we’ve got plenty of people who do really well without any kind of science background. Graduates from other disciplines just need to show that they’re interested in the area and that they’re not scared or put off. Quite often people who haven’t studied science get scared by the terminology and just run off the minute they see that – I think it’s just getting over that initial fear’.

‘In any work environment you need a mix of different people as different people bring different qualities to the team’ explains Royle. Smallwood is similarly vocal about the need for a mixed group of trainees, believing that whilst individuals who studied STEM subjects are important to recruit due to new and emerging technologies, recruiters ‘don’t disregard students from the other non-law subjects. We still very much need that diverse group of people coming through the business, that’s how you make a good team’.

70 Years of Skadden, Arps, Slate, Meagher & Flom

70 Years of Skadden, Arps, Slate, Meagher & Flom

2018 marked the 70th anniversary of US behemoth Skadden, Arps, Slate, Meagher & Flom. The Lex 100 looks back over the firm’s colourful biography and its extraordinary evolution into one of the most recognised names in the legal industry.

Picture this: it’s 1948, New York City, springtime. On April Fools’ Day, Skadden is formed; but make no mistake, this firm is far from being a joke. What started out as a three-man legal practice taking on whatever small work came through the door, has today grown into a 23-office international firm with a 1,700+ attorney roster that dishes out expert-level advice in over 50 practice areas. This is a rags to riches story of the best kind; a story which shows explicitly that from humble beginnings one can rise to incredible levels of greatness. To celebrate the firm’s 70 year anniversary we revisit the origins of their practice; this is the story of Skadden, Arps, Slate, Meagher & Flom.

Marshall Skadden, Leslie Arps and John Slate were the founding partners of what has become one of the largest law firms in the world. The three-man partnership came about after all three had suffered unsuccessful partnership bids at well-established firms in New York. At the time, the top law firms in the city were akin to private members clubs – if you weren’t a WASP (white Anglo-Saxon Protestant), it was extremely difficult to get in, much less rise to the top. Thus, Skadden, Arps and Slate’s Jewish and Catholic backgrounds barred them from top-level positions. Not wanting to concede to discrimination, they ventured out on their own and set up shop. From the start, Skadden was founded from a place of difference and presented a challenge to the status quo.

In the firm’s first year, an addition to the team was made in the person of Joseph Flom. A Harvard Law School graduate, Flom joined the firm as an associate, but his influence on the firm’s growth over the years was far above the level of a young upstart. Particularly noteworthy was Flom’s work in the area of mergers and acquisitions (M&A), which the firm would eventually go on to be best known for. He helped establish Skadden as the go-to firm for advice and guidance on hostile takeovers – that is, when an individual or business seeks to purchase a target company without consent. White-shoe firms considered hostile M&A dirty business and so shied away from taking on such work, but such reluctance to engage in proxy fights spelled big business for Flom and the Skadden team who were able to call dibs on a significant share of the work in this area. That the ‘[white-shoe firms] thought hostile takeovers were beneath contempt until relatively late in the game … [and] left [Flom] alone’ meant that during the firm’s early years all through to the 1970s, Skadden gained unparalleled experience in hostile M&A transactions and built up a reputation for being able to successfully deal with large and complex business deals. The firm is now one of, if not the, most sought-after M&A firm in the world.

In 1960 the firm changed its name to include Flom’s and that of William Meagher, and opened several more offices (Boston in 1973, Tokyo in 1987 and London in 1988) signalling its onwards trajectory toward worldwide expansion. The firm also expanded its areas of expertise to include litigation, tax and antitrust (among many others) and has earned an excellent reputation for being relentless in its pursuit of success. The many accolades the firm has earnt over its 70 year history is evidence of its commitment to excellence and determination to obtain favourable results for clients.

Skadden’s London office is the largest outside of the US and celebrated its 30th anniversary this year. Much has been achieved in these few decades; the firm was ranked above all magic circle firms for M&A targeting UK companies in 2017 by Mergermarket and was the first firm to handle more than $1 trillion in global announced M&A in a single year. Skadden also boasts some hard-to-beat work highlights, such as representing Vantiv, Inc. in its $10.4 billion acquisition of Worldpay Group plc. (Britain’s largest payment processor), representing CME Group Inc. in its US$6 bilion acquisition of NEX Group plc. and representing Roman Abramovich in his successful defence of the multimillion-dollar proceedings brought against him in the English High Court by Boris Berezovsky.

Skadden is the sort of firm that individuals with resilience and tenacity want to join. The founding partners’ entrepreneurial spirit and embracement of their background and individuality extends to the firm’s recruitment practices and informs how trainees are selected. In speaking with Pete Coulton, the firm’s UK graduate recruitment partner, it becomes apparent that Skadden is interested in people who are both unique and talented. Of course ‘[certain] things are a given: intellectual rigour and academic excellence, a demonstration of teamwork, drive and ambition’. But, that said, the firm ‘looks deeper into people and what motivates them’, often recruiting those with character, who have their own opinions and don’t follow the crowd. At Skadden, individuality is sought after and praised, with everyone encouraged to carve their own path, much like the firm’s founding partners. In the words of UK training principal Danny Tricot: ‘We all have common attributes, but in terms of personality everyone is hugely different’. Deciding whether candidates have that je ne sais quoi can be difficult to do in a one-hour interview, which is why Skadden recruits trainees from a pool of candidates on their vacation scheme. This approach enables the firm to get a better feel for the candidate and likewise gives the applicant real insight into the firm and significant time to decide whether Skadden is a good fit for them.

So what’s next for the already leading legal powerhouse? Maintaining their top-tier position in the market is the goal. To this end, part of the firm’s strategy involves hiring the best talent to help develop the practice in areas old and new. With evolving teams and fresh perspectives, departments can be more innovative and develop better solutions to the various legal and commercial challenges brought to them by businesses, government organisations and individuals. With such a great history and track record, one can only assume such goals are comfortably within reach by the teams at Skadden, Arps, Slate, Meagher & Flom.

To see Skadden’s full Lex 100 profile, including details of how and when to apply, click here.

 

Making a Difference: The Irwin Mitchell PLS Training Contract

Making a Difference: The Irwin Mitchell PLS Training Contract

Ask a group of law students what kind of lawyer they want to become and the chances are most will say something along the lines of corporate. But in doing so, they are ignoring a plethora of people-focused practice areas offering an equally enriching career path. Enter the Irwin Mitchell personal legal services training contract.

Practice areas such as medical negligence, family and personal injury have traditionally been bypassed by trainee solicitors for their business-oriented counterparts. This is, perhaps, unsurprising considering the emphasis placed on corporate and finance modules on courses such as the LPC. But at Irwin Mitchell it’s a different story. The market-leading national firm offers a two-year personal legal services (PLS) stream training contract which allows aspiring lawyers to focus their training on just that: personal-focused practice areas which interest them. The programme is comprised of three four-month seats, followed by a year-long seat in the department in which the trainee wishes to qualify.

‘When I did my GDL I was very much intending to go down the corporate/commercial route’ says Lewis Ayre, a second year trainee on the PLS stream, currently sitting in Irwin Mitchell’s serious injury department. ‘It’s certainly the most heavily advertised practice area and it was very difficult to look into anything else’. But a series of vacation schemes and feedback from friends in the industry quickly convinced Lewis that the corporate route wasn’t for him.

A paralegal job in London’s West End working on industrial accident and disease matters introduced Lewis to personal legal services. ‘I connected more closely with having client-facing work and having more in-depth involvement on matters, as well as feeling as though I was actually helping someone’, he explains. It was this experience which led him to apply for a job as a paralegal, and subsequently a training contract, at Irwin Mitchell.

Chani Dhaliwal, partner in Irwin Mitchell’s serious injury group, has a similar story. ‘I actually didn’t know which area of law I wanted to go into. When I started my training contract in 2008 at Irwin Mitchell I had the typical feeling of wanting to be a corporate or commercial lawyer’. It was by chance that Chani ended up doing his first seat in serious injury. ‘It was the one seat that I thought I wasn’t going to do; I had no idea about the work I was going to be doing. But once I was exposed to it, I found it so rewarding working with seriously injured individuals and making a real difference to their lives through litigation’. Even so, Chani was still convinced that his future lay in corporate law.

A stint in the commercial property and corporate department changed his mind. ‘It just wasn’t for me. There were some really important transactions going on but what I quickly realised was that I enjoyed the contentious element of the work’. At the end of his first year, there was no question that Chani would return to the serious injury department to complete his final seat. It was clearly a good decision as he has been there ever since.

An interesting case I worked on

Chani Dhaliwal

‘I represented an individual who was working on a construction site as a labourer and fell from height. He suffered a complete spinal cord injury so he was paralysed from the waist down. He became a permanent wheelchair user and doctors told him that he would not be able to walk again. We established liability early and obtained significant interim payments to fund rehabilitation, getting an adapted property and meet the client’s equipment needs. He had a lot of therapy, including a physiotherapist, occupational therapist and dietitian. 12 months passed and he was making little progress in accepting his disability; despite what everyone was telling him, he still thought that he would walk again. That was a real challenge for everybody because they knew that his injuries were significant and that there was never going to be movement in his legs again. We knew that we needed another solution. What we managed to do was get a significant interim payment to buy an exoskeleton. Exoskeletons are like robotic suits which were originally designed for the army because they enable soldiers to carry heavier loads. This was the first case where someone with a spinal cord injury obtained an interim payment to purchase an exoskeleton so it was very innovative, and still is. My client was able to walk when wearing the exoskeleton and the impact on his life was just amazing. It improved his psychological state, he started to accept his disability and was getting out and about in the community and starting to enjoy life again. He said ‘I feel like a normal person again and my confidence has returned. I can’t put in words what it feels like to be at eye level with other individuals again’. It was great to see how technology interacts with the law and how it can make a difference to someone’s life.’

For Lewis, the benefits of deciding to pursue a particular type of law early on are manifold. High levels of responsibility, more exposure to matters and opportunities to undertake complex work are the norm for trainees in the PLS stream. ‘I’m trusted within the team to prepare court documents, statements, instructions, routine correspondence, liaise with clients directly and I assist more senior fee earners with complex, multi-million pound claims’.

Any trainee undertaking a typical six-month seat will be familiar with the frustration of joining a department mid-trial or at the end of a transaction and finding themselves unable to follow a matter the whole way through. The PLS training contract overcomes this hindrance thanks to the 12-month qualification seat, which ensures that trainees have enough time to really get their teeth into interesting matters. Lewis elaborates: ‘By the time I qualify, I’ll have experience of running my own caseload. I’ll have experience at all stages of the claims process, from initial client interview right up to trial and post-settlement matters’.

An interesting case I am working on

Lewis Ayre

‘In an ongoing matter, we act for a client who suffered multiple injuries in a microlight plane crash. The plane was piloted by the client’s friend who had performed a negligent manoeuvre in the air and caused the microlight to stall. They were unable to recover the aircraft to where it should have been and so it crashed. It then transpired that the friend had not properly insured himself, which was shocking to our client who had been out with him a number of times. Because there was no insurance, we brought a claim against the friend directly. He repeatedly refused to engage in the litigation process and we secured judgment against him at a trial that he did not attend. He then suddenly ceased all communication and we subsequently learnt that he had absconded to Spain. We reinforced the judgment against the property we knew he had in the UK and just as we’d made the application to court to do this, we found out that he had transferred all his assets in the UK into his wife’s name. It has very much been a game of cat and mouse, involving investigators and other departments in the firm, such as the commercial litigation and insolvency team who have advised on things like freezing injunctions and fraudulent conveyances. The case continues and we’re doing everything we can to bring the defendant to account.’

For Chani, the benefits of specialising early become clear once trainees qualify. Recruits have typically been undertaking NQ-level work for about six months before qualification and so they can hit the ground running once they obtain that coveted solicitor title. What’s more, they have proven that they are committed to their chosen practice area. ‘The candidates that we’re getting have already tested their options and they’ve already had exposure to personal injury or other fields within PLS. They are dedicated to this area of law – this is what they want to do’.

But are there any downsides to committing oneself to a specific type of law at such an early stage? ‘I wouldn’t call it a downside, but what could be a disadvantage is that having an exposure to different areas of law is really helpful, even in personal injury litigation. Having contacts in different parts of the business is useful’, says Chani.

In reality, however, PLS trainees will frequently find instances where their work overlaps with other teams within the business. Irwin Mitchell is focused on ‘client sharing’ – putting the client at the heart of everything they do and thinking about the legal services that a client may require. ‘More often than not, a client who instructs us will also want other legal services. They might need property law advice because they are buying houses and adapting them or they may have obtained a multi-million pound compensation settlement and so they need advice from our private wealth services team’, adds Chani.

Rather than specialising early, Lewis views the PLS stream more as committing to an ‘umbrella’ of a type of law, which still gives trainees a wide range of options when it comes to choosing where to qualify. ‘I think if you’re truly unsure of what you want to do it’s probably not the wisest idea, but I still don’t think it ties you to a particular route. Especially in a firm like Irwin Mitchell which has such a broad range of practice areas’.

It goes without saying that practical work experience will be invaluable for those looking to apply for a PLS stream training contract. But Lewis stresses that this does not necessarily have to be in the exact area of law applicants want to go into. In fact, any related experience speaks volumes: ‘skills such as practical case handling, drafting and experience with vulnerable clients are all helpful things to talk about at interview’.

Chani agrees. Whilst gaining some exposure or knowledge of an area of law will set you apart from other candidates, non-legal work experience should not be discounted. ‘You shouldn’t disregard things like working in Tesco during law school or university, because it’s client-facing and you’re working as part of a team. It also shows how you can manage a challenging degree with work commitments’.

Applications for 2021 training contracts at Irwin Mitchell are now open. Click here to apply.

 

Under Pressure – Why In-House Is Not The Easy Option

Making the move in-house? Make sure you go in with your eyes open, advises Legal 500 UK Solicitors editor Georgina Stanley.

Long hours, ever-more demanding clients and an intense focus on partner performance mean the challenges of working in private practice and the resulting toll on lawyers’ wellbeing are only on the increase.

But while many law firms are attempting to foster a more open dialogue about the impact work-related stress can have on the mental and physical health of their staff, the in-house legal community has not always had the same level of scrutiny.

Free from the pressure of billable hours targets, 24/7 client demands and ruthlessly managed remuneration structures, a career in-house is often still seen as an easier option.

Indeed, making the switch from private practice to in-house has never been more popular. And why not? Combine all of the perceived advantages above with the lure of increasingly sophisticated in-house legal teams – with some financial institutions now having more lawyers than many law firms – and the appeal is obvious.

The problem being, of course, that the flipside of the growing prestige of an in-house career is that life for those doing it can be every bit as stressful as for those working in private practice – particularly for those at or near the top.

Corporate counsel may have had to fight long and hard for a seat at the top table and the ear of the CEO, but a rising regulation burden means that in many instances they now have it. And, as with anything, sometimes you have to be careful what you wish for.

For this reason, The Legal 500/Legal Business’s Enterprise GC event – held in West London’s Syon Park this May – set out to debunk the myth that in-house law is an easy career option.

In a session titled ‘A Quality of Life Crisis’, WeWork European GC Sarah Nelson Smith, Ardonagh chief counsel Frances Coats and Alana Tart, a former Latham & Watkins litigator turned group commercial counsel at global information company Ascential, joined Nick Bloy,a former employment lawyer who founded Wellbeing Republic on a panel aimed at setting the record straight on the reality of working in-house.

“The flipside of the growing prestige of an in-house career is that life for those doing it can be every bit as stressful as for those working in private practice”

All three of the practising lawyers initially worked at leading law firms before making the move in-house. And all three admitted that their roles in-house could be every bit as stressful as their previous life on the other side, even if the type of pressure may be different.

Nelson Smith in particular last year found herself in the eye of the storm in her former post as European chief legal officer at KFC, when a high-profile distribution crisis forced the chain to temporarily close a number of restaurants due to a shortage of chicken.

But even without something like this or a Rolls-Royce/Tesco style investigatory scandal, the day-to-day pressure on costs, managing teams, and the expectations of service delivery from the rest of the company are very real. And, depending on the size of the team, those working in-house may not always have the same support network available to them as those in private practice.

That’s obviously not to say that people should shy away from working in-house due to the pressure – they just need to go into it with their eyes open. As the panellists pointed out, on a personal level it means establishing the coping mechanisms for dealing with stress that work for you, whether that is tracking what makes you stressed and thinking about how you can better respond in those situations, exercise or some other hobby, or asking for support (and being open to giving it to others in your team).

And for companies, it means acknowledging the pressure that these roles can bring and making sure that they are doing all the things expected of any employer – including law firms – to help staff. That means open conversations about mental health, building resilience to help employees better cope with stress before it becomes a problem, and putting in place the support systems necessary to help identify and help those in crisis.

“The day-to-day pressure on costs, managing teams, and the expectations of service delivery from the rest of the company are very real”

Nelson Smith used the experience to her advantage, writing a book entitled You Didn’t Mention The Piranhas, which looks at how to navigate through and emerge stronger from a crisis, offering advice on how to juggle the competing demands of work and life.

The session was just one part of a two-day event bringing together a host of leading in-house lawyers to discuss topics ranging from technology, corporate crises and how to deal with them, diversity, legal operations and overhauling a legal function, through to the future of the profession. Speakers included Dame Helen Morrissey, Rolls-Royce’s Mark Gregory, Stephanie Hamon from Barclays, Facebook’s Caroline Kenny, Emily Foges from Luminance, Anglo American’s Richard Price, and DLA Piper’s Simon Levine.

Deloitte launches first-of-its-kind SQE training contract

Accountancy leader Deloitte has devised a three-year training contract which aligns with the requirement of the hotly-anticipated solicitors qualification examination (SQE) which is due to launch in the autumn of 2021.

The big four accountancy giant announced that it will offer ten training contracts beginning in 2020. Applications are open as of today (10 September).

Successful candidates will be able to enrol on the programme straight after graduating from university, with the end goal of qualifying as a solicitor three years later. Trainees will gain qualifying work experience across Deloitte Legal’s myriad practice areas, including tax litigation, employment and corporate and commercial before sitting the SQE1 and SQE2 exams.

Deloitte has worked closely with The University of Law to develop an innovative training programme to ensure students are prepared for the SQE.

Michael Castle, UK managing partner for Deloitte Legal, said: “The legal training environment is undergoing significant change to contend with a rapidly evolving legal landscape. Deloitte Legal is in the fortunate position of being able to immediately adopt the new Solicitors Qualifying Exam, allowing us to be at the forefront of what is undoubtedly an exciting new era in legal education and training.

“We want to broaden access to the profession and make it as inclusive as possible. This is a fantastic opportunity for aspiring solicitors to earn while they learn, while also encountering the wealth of expertise beyond legal work that Deloitte Legal can offer as a multidisciplinary firm.

“Deloitte Legal is a fast-growing and ambitious team that provides clients with new solutions to legal problems. Our trainees will be able to experience the future of law, today.”

Professor Andrea Nollent, Vice-Chancellor and CEO of ULaw, said: “It has always been hugely important for us to nurture the next generation of legal talent. With the new SQE Training Contracts allowing students to experience the real legal world earlier in their career and education, we are now able to team with leading organisations such as Deloitte to continue our aim of providing a more practical and hands-on legal education.”

Women in law: The best London firms for female employees

Under the Equality Act 2010, companies with more than 250 employees were required to publish data on their gender pay gap. The first reports became due in April 2018.

In the first reporting period, the results in the legal profession were striking. What’s more, some UK law firms received criticism for obscuring the results by not including the ratio of female to male partners in the data.

Befittingly, 2019 marks the celebration of a centenary of women in the legal profession, and, in only the second season of gender pay gap reporting, there were thankfully some improvements across the board.

The Magic Circle’s 2019 results:
Slaughter and May published its first partner-level report in March 2019 and revealed that male partners earn on average 8.9% more than their female counterparts. In terms of total earnings, women at Slaughters make up 71% of the lowest quartile and 36.9% of the highest quartile.
• Freshfields Bruckhaus Deringer’s median pay gap improved from 13.3% to 6.2% in 2019, a reduction in disparity of 7.1%.
• At Clifford Chance the male median pay is 26% more than that of female colleagues
• Allen & Overy’s gender pay report revealed an 18% difference between male and female remuneration packages.

The Law Society of England and Wales carried out the largest international survey of women in law to mark International Women’s Day (this year? insert date) and found that 91% of respondents felt that flexible working was critical to improving diversity. Unconscious bias was considered the main barrier to career progression for women, but only 11% of law firms offer any sort of training to tackle this issue. Perhaps more worryingly, only 16% of the 7,781 respondents could see any evidence of their firm actively taking steps to address the gender pay gap.

On a more positive note, examples of firms who are proactive in challenging unconscious bias include:
• Freshfields commiting to having 30% female candidates for partner promotion.
• Bryan Cave Leighton Paisner met its 2018 target of having a 30% female UK-wide partnership, and this year 57% of newly-hired partners were female.
CMS positively leads the way in terms of promoting gender inclusivity with in-house unconscious bias training, a market-leading maternity scheme and a shared parental leave programme.
• Eversheds Sutherland has a 27% female partnership and hopes to reach 30% by 2021.
• Women make up 30% of the executive committee at Allen & Overy.

The latest Lex 100 survey also shed light on some law firms’ impressive commitments to gender equality. Current trainees at RPC consider the firm ‘inclusive and open-minded’ in offering ‘flexible working for parents of either gender’. At Forsters there are ‘lots of amazing female role models’ with new recruits amazed at the percentage of women in high positions. Indeed, managing partner Paul Roberts and senior partner Smita Edwards revealed that ‘over 44% of our partners and 63% of our associates are women, we have ten female partners in leadership positions and women head four of our seven business service groups’, which is better than most comparable London firms’ results.

Moreover, Simmons & Simmons was praised by new recruits for its ‘excellent LGBT and gender balance initiatives’ and Hodge Jones & Allen has impressively introduced a blind recruitment process for this year’s training contract application process. Trainees also commented on ‘the inclusivity of women’ and were pleased to work under two female heads of department; the firm’s partnership is 64% female, compared to 36% male. CMS also has an impressive ‘female representation in leadership’ which was shown in this year’s promotion rounds. Women accounted for 76% of all CMS promotions in the UK, and 47% globally, demonstrating the firm’s commitment to progressing female talent.

The Times Top 50 Employers for women includes the following law firms in its rankings:
Addleshaw Goddard LLP
Allen & Overy
CMS
Eversheds Sutherland LLP
Hogan Lovells International LLP
• Linklaters
Norton Rose Fulbright
• Pinsent Masons
Simmons & Simmons

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Tech Hubs: How Technology is Changing the Face of The Legal Industry

Technology is firmly establishing itself in the legal market. Law firms all over the City are taking advantage of the developments in legal tech to provide the most practical solutions to the challenges that clients face.

‘Tech labs’, hubs for digital innovators, have been introduced in several law firms in order to optimise the use of technology to simplify, automate and improve the legal profession. In-house tech labs have been implemented at, Slaughter and May, Dentons, Mishcon de Reya and Allen & Overy, among others.

Tech hubs give start-up entrepreneurs a space to develop their technologies, whilst also providing access to a particular firm’s lawyers for product testing and user feedback. The MDR LAB at Mishcon de Reya was launched in 2017 as a programme for tech start-ups in the legal space. The LAB is open to early stage and growth technology start-ups, and from companies at concept through to revenue-generating stage, as long as the product or service is applicable to the legal industry. The hub provides successful applicants with the opportunity to pilot their technologies to their target market and gain a better understanding of how their technologies benefit legal services.

In reshaping the business and practice of law, ‘innovation’ is the buzz word dominating law firm marketing slogans, but what does it really mean? Robyn Weatherley, programme manager at Mishcon de Reya defines innovation as ‘the process of taking ideas that challenge the status quo and turning them into a reality that ultimately changes the way something is done’.

Certainly, these ‘changes’ focus on making lawyers’ jobs simpler by reducing time spent on administrative tasks, prompting lawyers to ‘question the way things are done’. As Robyn explains: ‘this ultimately encourages a cultural change whereby we create a section of the workforce who are willing to challenge engrained processes and try new ways of doing things’.

Evidently, technology has the ability to automate tasks. Robyn suggests that ‘those firms that are able to explore and adopt new technologies are going to be able to improve efficiencies, remain competitive to existing and potential clients and ultimately stay ahead of the race’. At Mishcon de Reya, members of the MDR LAB will have access to the firm’s legal and business networks and have opportunities to attract investment and/or licensing products to Mishcon. Branding yourself as an ‘innovative firm’ is more important than ever, as it is estimated that 100 of the top 300 law firms will disappear by 2022.

While the legal market is adapting, the role of lawyers will inevitably undergo some change too. Integrating law with tech allows lawyers to focus their time on high-value emotionally intelligent tasks, whilst turning to AI for automation. Robyn explains how this will produce more efficient ways of working: ‘it opens [lawyers’] eyes to the potential impact technology can have on repetitive, time-consuming tasks. From a firm-wide point of view, the future of practising law lies in firms being able to harness technology to automate tasks, capture and interrogate data and use AI’.

Also opening its doors to tech start-ups is Slaughter and May. Collaborate launched in April 2019 and has been created to enhance the firm’s engagement with the best new legal tech developers. The programme helps to ‘shape the development of legal tech and identify future efficiencies in the delivery of legal services more generally’, explain innovation executive, Billie Moore, and head of innovation, Jane Stewart. Slaughter and May even offers cohort members two mentors – a mentor from the firm’s knowledge or innovation teams and a practising lawyer from an area relevant to the entrepreneur’s business. Billie and Jane explain that by giving lawyers the opportunity to mentor entrepreneurs, they are ‘exposed to a broad range of legal tech, allowing them to identify potential pain points or gaps in the market… it’s critical that legal tech development is executed in conjunction with the firm’s lawyers and/or clients’.

Fast Forward is another programme Slaughter and May offers innovators. Launched in October 2016, Fast Forward aims to give young companies access to the first-class legal services that they may need but struggle to find and afford. In January 2019 the firm welcomed its third cohort of successful businesses, which include an email collaboration tool, a social impact fin-tech tool and an e-commerce delivery system to transport parcels to urban areas through utility style pipes.

Focusing on innovation allows Slaughter and May to ‘identify areas for improvement and find new ways of working which add value for our clients, enhance the working lives of employees, and puts us in the best position to win the types of work we want to win’.

The legal tech tools developed by businesses within the tech hub also assist Slaughter and May to deliver its corporate social responsibility strategy. Define is one such tool, which was set up by a visually impaired lawyer who wanted to make the process of reading contracts easier. JUST: Access is another Collaborate cohort member which aims to use legal technology to improve access to justice. Last year the Magic Circle firm invited two A-Level students to coding workshops where ‘the students gained valuable paid work experience and hands-on practice and we gained a lot out of their coding expertise too – a win-win’, says Billie and Jane.

Tech hubs aren’t the only way in which firms are staying ahead of the technological curve; tech-focused training contracts are now being offered at many international outfits. Ashurst offers a graduate scheme with a focus on legal technology, Burges Salmon has announced a new technology-focused partnership with the University of Bristol, and Clifford Chance has developed IGNITE: a law tech training contract.

So do future trainees need an aptitude for technology?

The legal profession is changing. Incorporating digital technology into a law firm ‘creates a group of people who are willing to try new methods that challenge the way things are currently done, helping drive adoption of new technologies’, says Robyn at Mishcon. By supporting entrepreneurs and working with start-ups which benefit legal services, we are starting to see how firms must evolve and reposition themselves in this constantly shifting market. Supporting entrepreneurs and working with start-ups is one such way for law firms to ensure that they are evolving and repositioning themselves in a constantly shifting marketplace. Billie and Jane comment on the benefit of working alongside tech entrepreneurs, ‘it enables us to streamline our legal tech piloting programme, shape the development of legal tech and identify future efficiencies in the delivery of legal services more generally’. And this involves input and willingness from individuals too, who must be able to adapt in order for firms to optimise their resources.

Law firms are competing in the tech race, but how far will they go in utilising legal tech? For now, innovative software is working towards reducing the amount of time lawyers spend on administrative tasks and enabling legal professionals to realign their skills to focus more on intelligent tasks which technology cannot reproduce.