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UK City Firms
Addleshaw Goddard (London)
When Theodore Goddard merged with Addleshaw Booth & Co in May 2003 there was much speculation as to whether or not the two firms were really suitable bedfellows. TG was a small, City practice with a big reputation, and an unusual media department. Addleshaws was the gruff Northern outfit with a small City office and a history of solid corporate finance and real estate work. But rather like champagne and Guinness, what looked to be an unlikely combination seems to have blended together.
Since the merger, Addleshaws has looked to grow internationally, opening offices in Singapore and Dubai in 2012 in the hope to increase its global client base. Like every other firm, AG has been trying to develop its corporate and finance groups in recent years. And it hasn’t done a bad job of it: its more notable clients include the likes of Sainsburys, Aviva, Barclays Bank, Credit Suisse, Santander and The Co-operative Group.
AG experienced some speedy growth in the glory days thanks to its large real estate and corporate departments. However these areas were hit hard by the credit crunch. And while turnover increased in the 2011/12 period for the first time in years, to £169 million (still well below the 2007/8 peak of £196 million), it came at a price. 24 fee-earners were booted in 2012 in London, Leeds and Manchester, as well as a swathe of support staff. Still, it's trebles all round for partners. PEP's recovered to £467k, up 27% on the previous year.
The litigation team has a strong reputation, although it remains to be seen how its high profile involvement in the Berezovsky litigation, which apparently saw the firm miss out on a hefty success fee, will affect the bottom line.
Hours are hardly slack, but they compare favorably to other large firms. “
Completely flexible working. We work from our own satellite offices for as many hours a week as we choose”
says one associate. One lawyer even “
has enough time to write comedy for TV in his spare time”.
The firm also wins praise for the people and partners: “
first-rate banter, friendly atmosphere, notable lack of people who need to be avoided”
. One associate comments “
Lovely bunch of "normal" human beings”
while another said
“the people are friendly and the hours remain reasonable. Pay is pretty good considering the firm's middling financial performance in the last couple of years.
” The firm also takes its pro bono efforts seriously and was one of the first UK law firms to make a significant commitment in this area.
In the City, the firm's housed in swanky offices overlooking Slaughter and May, the building designed to bring almost all of the London based staff under one roof & AG's subsequent bandying around of phrases such as the "Milton Gate Effect", lead some to believe that London is increasingly going to become the focus of the firm and it very much appears that it is attempting to establish itself as a smart city outfit. However, with good deal work still originating from the north of the country northerners are pulling their weight.
If you’re looking for a bit of Northern common sense in the City Addleshaw Goddard may be a good bet. Plus "
one of the partners looks like a pirate
Salary (1st seat trainee):
Salary (Salaried partner):
Typical bonus as % of salary
Grant for GDL:
Grant for LPC:
Training places per year:
% of trainees retained:
RollOnFriday Firm of the Year Scores
Firm of the year overall score:
Enhanced maternity and paternity
Subsidised off site
24 hour photocopying support:
24 hour secretarial support:
Explanation and source of figures
Addleshaws partners fined for buggering up bills
Sat on naughty step for "misdescribing" dozens of disbursements
Ooops! Addleshaw Goddard in massive HR email cock-up
Addleshaws accidentally circulates confidential trainee information to the entire firm
Exclusive: Addleshaws accused of offering minimum pay to redundant staff
As the firm loses a fortune in the Abramovich case
71 redundancies at Pinsent Masons and Addleshaws
More than expected
Exclusive: redundancies at Irwin Mitchell and Addleshaw Goddard
In total another 33 redundancies
Government says social mobility in law is on the right track
Tries hard but could do better
Latest partner promotions show women still under-represented in the UK
Six City firms don't promote a single woman
Exclusive: RoF survey shows woeful female partner numbers at City firms
Average is below 20%. Herbies heroes, Ashurst zeros.
Ashurst and Addleshaws kick out dozens of partners
Addleshaw Goddard in massive cash call from partners
And the firm takes out a huge bank loan too
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The NQ figure is right but the 1-3 PQE figures are rubbish. 1PQE associates are on £59k-£61k with 2PQE capping out at £64k.