Asia-Pacific

Check out this week's top Asia-Pacific news on the Asia Pacific Headline page.
  

Follow RoF

For all the breaking news, follow RoF on Twitter and Facebook

         
   
  

Your Firm

Your Firm
Inside Info gives lawyers all the facts and all the gossip on leading law firms. Think something is inaccurate? Then send in your views.
  

Aussie Firms

Minter Ellison

Introduction

Minter Ellison has a long history, with its roots dating back to Sydney in 1827. The firm’s very first international office opened in London in 1974 and since then Minters has been increasing its global reach.
The firm launched a Beijing office in August 2010. And in February 2012, Minters became the second Aussie firm to seek to take advantage of the rich pickings available in Mongolia, with a new Ulaanbaatar office. The Minter Ellison Legal Group now has 16 offices spread across five countries – including New Zealand and China.

Performance

The 2010/11 financial year was been a pretty good one for Minters. It placed top for revenue for the second year in a row, posting figures of $523.4 million, equating to a 4.1% increase on the previous years’ efforts.

Minters has been involved in some pretty impressive deals including a series of transactions with the Mirvac, estimated to be worth $2.1 billion, undertaken by the firm’s equity capital markets team. Restructuring and insolvency is one of the firm’s major strengths and it acts for a clutch of big banks including ANZ, CBA and BankWest.  Minters’ competition team has been busy billing too, notably Hertz on the Aussie aspects of its $1.3 billion acquisition of Dollar Thrifty Automobile Group. All in, some pretty big ticket work.

But it’s not all beer and skittles. In August, the firm suffered an embarrassing blow when it discovered that its former CFO had disappeared $2.7m from the partnership accounts. Then the firm managed to lose its entire WA practice, Minter Ellison Perth (MEP), to Squire Sanders which snapped up the 18-partner team. MEP wasn’t a fully integrated part of the Minters’ empire, but discussions to make the union more formal had been going on for about a year making MEP’s decision to defect slightly humiliating for the firm.

Not one to dwell, Minters announced that it would have its very own, fully integrated firm in operation before Squire Sanders new offering was even up and running. And it’s bolstering up overseas, too. The firm’s Hong Kong headcount has been increased by the arrival of three partners from Jones Day, as well lateral hires from Hogan Lovells and Linklaters.

Pay and Conditions

Minters fared very poorly in this year’s Firm of the Year survey; the worst performing of the Big Six firms, it came bottom to last overall. One of the most frequent criticisms was the average pay. Respondents claimed salaries were “at the lower end of the top tier range” and there were multiple moans about a “farcical” bonus system with payments often delayed for months. The general consensus is that lawyers don’t feel adequately rewarded for the long hours they put in.

Conclusion

If it’s good quality work and clever colleagues you’re after, Minters is a decent bet. But expect long hours and don’t pin your hopes on a bonus for your troubles.
For more information on Minter Ellison click here

Salary

Salary (Graduate): $65,000
Salary (NQ): $67,000
Salary (1PQE): $71,000
Salary (2PQE): $90,000
Salary (3PQE): $100,000
Salary (Salaried partner):

Bonus Scheme

Bonus scheme:
Typical bonus as % of salary
- NQ: %
- 1PQE: %
- 2PQE: %
- 3PQE: %
- 4PQE: %
- 5PQE: %
- Partner: %

Training

Grant for GDL:
Grant for LPC:
Training places per year:
% of trainees retained: %

RollOnFriday Firm of the Year Scores

Salary: 44%
Development: 46%
Work/Life: 40%
Openness: 42%
Biscuits: 29%
Toilets: 58%
Social: 50%
Firm of the year overall score: 43%

Benefits

Holiday allowance: Unknown
Flexi holiday:
Pension: Unknown
Healthcare:
Maternity policy: Unknown
Target hours: Unknown
Childcare vouchers:
Gym: Unknown
Restaurant: Unknown
24 hour photocopying support:
24 hour secretarial support:
Other: Unknown

  

News Stories

Minter Ellison Chief Executive steps down
Firm engages recruitment company to search for replacement ... read more > (1 comment)
New Zealand lawyer killed in freak London accident
Minter Ellison lawyer hit by toppling William Hill sign ... read more >
The Asia Pacific Review of the Year 2012
Mergers, headbutting and nude blogs ... read more >
Aussie Firm of the Year respondents slam partners
One accused of interfering with a turkey ... read more >
Exclusive: Squire Sanders poaches lawyers to set up shop in Darwin
US giant spreads wings to northern Australia as lightning rumoured to have struck twice for Minter Ellison ... read more > (3 comments)
Former Minters CFO gets 10 years in jail
"Lonely" Craig Raneberg stole $2.7m from the firm ... read more >
Minter Ellison's ex CFO owns up to stealing $2.7m
Admits to 70 unathorised transactions ... read more >
Minter Ellison consultant wants nuclear waste dumped in Australia
Former government minister offers up Australian desert as ideal location for Japanese nuclear fallout ... read more >
  

Your Views

Feel free to enter your comments on the news story below, subject to our terms and conditions. Please note that comments are subject to moderation and so will not appear immediately.

Please keep it nice. Thanks.

Be the first to add Your View