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

         
   
  

Discussion

Discussion
The discussion board has the answers to all life's questions. Get advice on how to get a job, where to work, how your salary matches up and where to go after hours.
  

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.
  

Bonus Survey

Bonus Survey
Whether your firm thinks bonus is a dirty word or whether you are putting a downpayment on a Ferrari, use the Bonus Survey to share the news.
  

UK Regional Firms

Wragge Lawrence Graham & Co (London)

Our view....

The merger of two UK firms Wragge & Co and LG went live on 1st May 2014 creating the £170m firm Wragge Lawrence Graham & Co. LG had been looking for a merger partner for a while and it wasn't having much luck. It was rebuffed by Field Fisher Waterhouse and even rejected by two time Golden Turd winner Irwin Mitchell.

But Birmingham-based Wragge & Co came to its rescue in what could be more of a takeover than a merger.  Turnover at LG dropped in the last financial year by 7.5% to £51.8 million, whereas Wragges' rose 1.9% to £120.5 million. More to the point, average pay for equity partners at LG was down 14% to £260k. Wragges partners, though they were charging at regional rates, took home £369k. Wragges has 121 partners and 572 other fee earners operating from its head office in Birmingham and other offices in London, Paris, Brussels, Guangzhou, and Munich, plus affiliated offices in the United Arab Emirates. 

And although Wragges is keen on increasing its London presence, LG's shiny new office has been a costly disaster. The rent last year was £5.1 million. LG's Managing Partner Hugh Maule admitted it "weighed heavily" on profits, but said that everything was fine now because lots of excess space has been sublet.

The newly merged firm's branding is still under review and rumour has it that it will get rid of clunky name Wragge Lawrence Graham & Co (one clue is the website address: Wragge-Law. Poor LG). Time will tell how well the new firm performs.

As for the inside info lawyers at Wragges praise the "supportive culture", "excellent training" and, more importantly, "lots of boozing". The firm received high praise for its catering, "mars bar cakes ares still amazing" though one insider comments "They have invested in branded three tier cake stands for the afternoon tea, whilst pay rises have been dismal for the past four years". There were grumbles about the "regional salary, but City hours", but that may soon change with the merger. Quite a different story at LG: lawyers talk of the "lack of morale" and "people constantly leaving (with no replacements)". But worse still "there are no biscuits in the meeting rooms anymore". With the merger now in place, we'll see if any of this changes or if Wragge Lawrence Graham & Co will be a firm of two halves.

Salary

Salary (1st seat trainee): £26,250
Salary (NQ): £38,000
Salary (1PQE):
Salary (2PQE):
Salary (3PQE):
Salary (Salaried partner):

Bonus Scheme

Bonus scheme: No
Typical bonus as % of salary
- NQ: %
- 1PQE: %
- 2PQE: %
- 3PQE: %
- 4PQE: %
- 5PQE: %
- Partner: %

Training

Grant for GDL:
Grant for LPC:
Training places per year: 20
% of trainees retained: %

RollOnFriday Firm of the Year Scores

Salary: 44%
Development: 63%
Work/Life: 55%
Openness: 63%
Biscuits: 89%
Toilets: 64%
Social: 67%
Firm of the year overall score: 60%

Benefits

Holiday allowance:
Flexi holiday: No
Pension:
Healthcare: No
Maternity policy:
Target hours:
Childcare vouchers: No
Gym:
Restaurant:
24 hour photocopying support: No
24 hour secretarial support: No
Other:

  

News Stories

Wragges puts 30 jobs at risk
And turns its secretaries' world on its head ... read more > (3 comments)
Exclusive: Watson Farley Williams offers trainees £5k to defer
Disputes rumours current intake are doing squat ... read more >
Exclusive: Wragges trainees reject £5k offer to defer for a year
Work at Wragges apparently better than a year's holiday ... read more > (5 comments)
An entrepreneurial Wragges lawyer - and other stories
Maternity pay, caricatures, impoverished barristers, flamethrowers, elegant offices, roadkill and a charitable Lathams lawyer ... read more >
Wragges to open Paris office
Birmingham firm confirms new office despite massive lay-offs last year ... read more >
Firm of the Year final round up: biscuits, loos and parties
Tuck in at Wragges, cross your legs at Trowers ... read more >
$40m case ends as document is revealed to be a draft - and other stories
Inhumane stained pants, fishy goings on at Matrix, Northern Irish partner gets personal, job vacancy advertised for peanuts, and a snazzy German law firm ... read more >
Latham and Watkins deluged with nutter phone calls - and other stories
A flexible law firm, the taches grow, 24/7 at Wragges, a $400bn claim is living on a prayer, a barrister turned author, a Serbian firm, and a mountain to climb for charity ... read more >
Wragges staff in line for shabby second round redundancy package
85 more jobs are at risk at the firm, as partners warn staff that they'll be offered a tight-arsed settlement... ... 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
  

Law Firms