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UK City Firms
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UK City Firms
Stephenson Harwood (London)
Stephenson Harwood has always had a strong reputation for middle tier corporate work, shipping and litigation. All has been well with the financials on board the good ship SH over the last few years, with the firm managing six successive years of growth. In the 2013 – 2014 financial year, revenue rose by 8% to £121. PEP also took a massive leap in that period, increasing 19% to £537,000.
SH gets it fair share of high profile stuff and litigation at the firm is extremely highly rated. Notable large litigation cases in recent years include SH lawyers acting for property tycoon Robert Tchenguiz in a £2.2bn claim and also The Fiona Trust litigation - where SH represented Russian client Dmitry Skarga against Sovcomflot in a huge shipping fraud matter. There’s a lot of fraud work that comes through the door, with SH also getting instructions related to the Libor litigation matters.
As far as shipping goes, it’s not all battling it out in the court, with a fair amount of transactional work too, poring over the details of contracts to make sure they are water tight. The firm also has carved out a good reputation in other Transport areas – with aviation being particularly strong as the firm has acted for clients such as AirAsia and Vietjet Air. SH also can boast substantial rail expertise with the firm working on major rolling stock transactions in the UK, including on Crossrail, Thameslink and Voyager fleets. One trainee sums up by saying “
there are opportunities to get involved in some interesting work
There is a mixed response as to what it is like working at SH, with many positive comments on the friendly nature of the firm – one associate says “
people you work with are generally friendly and get along well
” and that “
Work life balance is generally good
”. However, there were some grumblings that “
good people leave because there is no opportunity for advancement
.” Another source commented that they felt amongst the partnership it was still very “
” with “
lots of the old guard who think the firm is much bigger than it actually is
”. The firm also didn’t do that well in RollOnFriday’s Firm of the Year Survey finishing in the bottom section of the table.
On the money side, one associate comments that “Salary is generally good” with another source telling us that “
Bonuses were double recently – now 10% of gross salary for hitting 1550 hours and additional money if you exceed the target
Whilst not having as large a global presence as some of the larger firms, SH has a solid international network, and there are good opportunities for trainees to do a seat abroad. A particularly strong set of offices in Asia distinguishes the firm, with five out of his nine offices based in the region (Beijing, Hong Kong, Seoul, Shanghai and Singapore). The other offices are London, Hong Kong, Paris and Piraeus (the latter particularly important for shipping work).
In essence, SH is a capable mid-sized firm. Having decided to specialise in the areas in which its strengths lie (banking and asset finance, maritime services, litigation and property).
For more information on Stephenson Harwood
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:
Contributory (details not known)
24 hour photocopying support:
24 hour secretarial support:
Automatic bonus of 10% if target hours reached. A bonus of up to a further 15% available on top of this depending on overall performance and contribution
Explanation and source of figures
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Exclusive: Stephenson Harwood given a pasting by Lord Justice Jackson
LJ Jackson delivers bruising comments after firm submits ridiculously long documents in court
Stephenson Harwood closes Guangzhou office
Taking it to nine offices
Exclusive: Stephenson Harwood to sack half its secretaries
Saves a stack of cash by moving to Scotland
Exclusive: top Stephenson Harwood partner vanishes
Where's Richard Pearson?
Exclusive: Stephenson Harwood under scrutiny over Libyan sanctions
The firm won't comment on the identity of its client
Simmons, Shearmans and Stephenson Harwood rush to pay associates on merit
Bandwagon gains pace as 3 new firms will drop associate lockstep in May
Law Firm Financial Results 2010
RollOnFriday's compilation of the performance of leading law firms for the 2009/10 financial year
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