Norton Rose (London)
By any accounts Norton Rose is a decent big City firm. Although whether it's as decent as it likes to think is a slightly moot point. Profits may be about the same as Ashurst, but they've got to be split between about 200 equity partners rather than 150. But - as many people told us - this is a firm "going places
". For starters, the sun never sets on Norton Rose, not with the firm's new offices in
Australia, Canada and South Africa. This is a firm where staff are happy to admit that there's a "real plan to become a true global player
Profits were in the order of a solid £300m in 2010, with PEP a very nice £486,000. So this should mean strong partnership prospects for ambitious assistants - but then the firm only made up 15 partners in 2011 (and only four in London). Worldwide. Which ain't great, given that there are 60-odd trainees in every year. Although Norton Rose's partner intake this time did include seven women (an impressive gender ratio compared to most of its City peers) and the firm has also brought in an "of counsel" role as an alternative career structure to partnership. That's hardly innovative, but you'll find out that Norton Rose really seems to believe in this stuff. Which is a bit rarer.
For such a big firm we've heard that it's a friendly place, with trainees and new assistants reporting that they are warmly welcomed and very quickly get into the swing of things. The general view is that it is a big City firm that is pleasant to work at, with good work and none of the hothouse culture found in some of its competitors. Well, maybe some. Whatever's in the water at NR, it's obviously something special - the firm is a perennial high-scorer in the Firm of the Year Survey, especially for the white chocolate and macadamia cookies. These delicacies are, however, always out of stock, victims of their own success. Only slightly less impressive are the toilets, which make a sound like a "whale's mating call when you flush
Obviously - this being a City firm - the banking and asset finance groups are very busy, and long hours are required, but even here the atmosphere is decent enough. Pay is OK (and - supposedly - completely merit-based once you qualify so the salary bands to the right are just to provide an indication of the wedge associates 1PQE and above can expect), and a bonus kicks in once you bill in excess of 1,500 hours. This starts at 5%, and rises to 30% for those who bill more than 2,500 hours. Although if that's you, all you'll be fit to spend it on is psychiatric care.
Despite that, the firm says that it takes work/life balance very seriously. Certainly there's "no face time required
". There are
pastoral schemes in place for assistants and mentoring programmes for
trainees, and several support staff, assistants and partners take
advantage of part time or flexible working schemes (currently 8% of London associate are on some form of flexi-working). Unusually for a big
firm, it's possible for a part time assistant to be promoted straight to
the partnership. And - proudly standing pretty much alone - the firm
scored massive merit points during the downturn by - rather than just
offloading lawyers - moving workers to a four day week. This scheme - "Flex
" - was gratefully
received by staff who - had they been elsewhere - may well have been
wallpapering the walls of the City's recruitment consultants with their
On the downside, trainees say that there's not as much hands on experience in departments outside of property and litigation, but such is the lot at all large firms working on billion pound deals. In general, training here seems to be, well, a real laugh. Bank on spending at least one of your six seats overseas - and, if you're really lucky, two. And there's oodles of sporting and drinking activity. Having said all that, there's a whispered suggestion that it all comes to an end on qualification and the true face of the firm shows - "that of a greasy old bum
Fears that the rapid overseas expansion might go against the otherwise untouchable friendliness are yet to be confirmed. And you get to work in the very smart London Bridge HQ overlooking the river, Boris Johnson's office and Tower Bridge.
Final word to the most excitable associate in law firm history: "A great law firm, the perfect balance...top quality work, top quality people. The meeting rooms have toffee crisps - for free. It is like if a law firm was also a children's story.
For more information on Norton Rose click here