Latham & Watkins

A global leader in finance and litigation, Latham & Watkins is one of the largest and most popular firms in London amongst lawyers. The firm practices in all major jurisdictions worldwide and employs more than 2,000 solicitors across its 31 offices.


Pros

 

  • High quality of work and you’re given lots of responsibility very early on
  • The partnership always keeps you informed of what’s going on, and all levels are involved in decisions through committees
  • Very good salary
  • Frequent and well-organised formal training
  • Pro bono work counts towards billable hours
  • Sociable, supportive environment with very little hierarchy

Cons

 

  • Expect long and demanding hours at times
  • Only 20 days of holiday per year
  • You're always on-call
  • No canteen or gym in the offices
  • 1900 billable target can be stressful

Employee Reviews

Life on the Job

Culture

  • "Latham is very friendly with a very supportive atmosphere. There is quite a flat structure and it is easy to approach just about anyone. The trainees get along very well and we arrange a large amount of social activities." -- Second year trainee
  • "Open-door relaxed culture. Trainees do not socialise much due to the fact that we are all split into different departments on different floors, etc." -- First year trainee
  • "Friendly atmosphere, and a non-hierarchical working environment. Everyone from partner level down is approachable and down to earth. Some departments (finance, corporate, tax and employment) are very sociable and regularly organise drinks or social events. Trainees are generally supportive, although there are times when some people work long hours and weekends while others manage to get home by early evening. Trainees are quite sociable. The two intakes tend to socialise separately, except at firm organised events." -- Second year trainee
  • "The size of the trainee intake dictates that you do become a close knit group that socialises with one another. Like with most work places, you can choose to get involved on a social front as much or as little as you choose. There is also, particularly with employment, corporate and finance, a lot of department social activities..." -- Second year trainee
  • "The working environment is very informal, and you are more or less left to your own devices when working on a task (although there are usually clear instructions, and work is checked by your supervisor before it goes to the client). Social events organised at a firm level are rare, but trainees are good at meeting up every week/fortnight for a drink, and work permitting, a night out. Trainees in the same department tend to help one another when there are important and tight deadlines to meet." -- First year trainee
  • "The firm has quite small teams and each deal typically has one partner, one or two associates and one trainee from the relevant departments, which means a lot more hands on work for the trainees. Trainees will normally be involved with whatever their supervisor is doing, but you also get asked to do things for other partners/associates in the same department (and sometimes, although rarely, other departments if there's an urgent matter and you have capacity). It's quite casual but it's up to us as trainees (with help from supervisors) to manage our time and make sure we're going to be able to deliver on what is asked of us. Because there are not many trainees, we all know each other pretty well in our intake and we do see each other quite a lot. I'll go for lunch with some of the other trainees a couple of times a week, and there's events such as pizza lunch, firm breakfast and birthday cake day (each once a month) where we all catch up. We tend to have trainee drinks on a Friday every few weeks but some departments tend to get together for drinks once a week or so... All in all I'd say the social life here is pretty good, although I can't speak for every department." -- First year trainee
  • "There is considerable freedom and responsibility with a flat hierarchy allowing interaction with all attorneys working on a matter. Good trainee support when a number of us are required to work on a matter together – lack of competitiveness due to the small-sized intake. Socialising is not regular due to the nature of the hours but everyone makes a good effort." -- First year trainee
  • "It's a very welcome, open environment with very little hierarchy, and NQs work directly with partners. Everyone is very sociable and friendly, there is a very collegiate atmosphere, and everyone works well together and shares workloads when some are busier than others. There are generally informal drinks organised once every few weeks." -- Newly qualified solicitor
  • "The firm makes a big effort to be non-hierarchical, which shows in the small teams and the close working relationship between partners, juniors and trainees. Although you are expected to take a lot of responsibility, there is a good support structure, even from senior partners when queries arise. The social life varies between departments, some are very social, but others socialise less outside the office – generally, there is a good firm-wide social life." -- Newly qualified solicitor, Corporate
  • "There's a relaxed and sociable firm culture – everyone's pretty friendly, people are more than willing to help if you need anything or have questions, and informal drinks and nights out are frequently organised." -- Newly qualified solicitor, Corporate
  • "It is a friendly and very supportive office where partners and associates work very well together. The ‘360 degree review process’, where supervisors and supervisees get to review each others' performances, with consequences for promotion and pay, is very helpful. The partners are generous and host monthly drinks at department/office level." -- Newly qualified solicitor
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Hours, Pay & Perks

Hours

  • "Each trainee has a billable yearly target of 1,200 hours. I am working the hours as expected with any corporate law firm in City." -- Second year trainee
  • "Between 30 – 60, and sometimes including weekends, depending very much on the department and workflow. Hours are one of the toughest things about the job, but I am working roughly the amount that I had expected." -- Second year trainee
  • "Work varies across departments and is very much in peaks and troughs in transactional departments. I currently work about 50 – 55 hours a week." -- Second year trainee
  • "Long hours but that’s expected and I enjoy it." -- Second year trainee
  • "On average 40 – 45 hours a week and can be significantly more during closings/filings, but when these are over trainees are at liberty to leave at a very decent time." -- First year trainee
  • "Average week is 40 – 45 hours, working as many hours as I expected. The recruitment procedure was honest and interviewers gave me a genuine account of life at the firm so that I knew what to expect in terms of the working culture." -- First year trainee
  • "It’s very up and down. On a quiet week – about 45. On a very busy week – about 70." -- First year trainee
  • "My hours have been very good since qualifying, I usually bill about 130 – 160 a month. I therefore spend approximately 40 – 50 hours per week in the office. The firm is very flexible if you want to apply for part-time or flexible hours, likewise on a more short term basis it is absolutely fine to work from home some days." -- Newly qualified solicitor
  • "Average of 140 billable hours a month, spend around 200 – 220 hours a month in the office – this varies considerably from month to month. The firms is not particularly flexible with hours formally, though within a team, taking extra leave, etc. is allowed, if the department is quiet for example." -- Newly qualified solicitor, Corporate
  • "Associates have a target of 1900 billable hours per year (pro bono work counts towards your target hours). People work hard but I guess no one comes here expecting otherwise. Can be quite flexible – if things are quiet, no one will expect you to put in face time for the sake of it, but of course flexibility works both ways and you'll need to be flexible with your evenings, weekends, holidays..." -- Newly qualified solicitor, Corporate
  • "I bill about 175 hours per month on average. I work about 60 hours each week, including non-billable work. Please note that pro bono work counts towards billing targets at Latham. The firm is exceptionally flexible with hours, and so long as a solicitor's work is done, he/she is free to take as much time off." -- Newly qualified solicitor

Pay

  • "£96,970" -- Newly qualified solicitor
  • "Unbeatable." -- Second year trainee
  • "It's one of the highest in the City, but it will never feel like enough when you're in the office on a Sunday!" -- First year trainee
  • "Remuneration is good, but would be nice if trainees got a bonus." -- First year trainee
  • "It’s very good with excellent benefits." -- First year trainee
  • "The salary is very generous. The bonus scheme is incentivising and can also be generous." -- Newly qualified solicitor
  • "The bonus is very hours-related. Other contributing factors to the bonus payment are quality of work, and quality of supervision (this is where the reviews from your supervisees count). It is very transparent." -- Newly qualified solicitor
  • "Base salary is very good. Bonuses are also good, although I don't think they're as high as Magic Circle firms. Bonuses are hours based (primarily), and are only paid if you hit 1900 billable hours in the year." -- Newly qualified solicitor, Corporate
  • "Latham pay is top-end – can't complain." -- Newly qualified solicitor, Corporate
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Interviews

Interviews & Assessments

  • "Two interviews each with two interviewers, one on my CV, and one on commercial awareness. The best way to get into the firm is through a vacation scheme and the application and interview process is similar. You will also have interviews at the end of the vacation scheme." -- Second year trainee
  • "Having done a vacation scheme the interviewing wasn't rigorous and there was no assessment day, but it was definitely selective. They will see through rehearsed answers." -- Second year trainee
  • "I had two interviews for the vacation scheme, then one interview for the training contract itself. Each interview was with a partner and an associate. Interviews consisted mostly of chatting about my CV, etc. with some commercial awareness questions asked." -- First year trainee
  • "There are a total of three rounds of interviews mainly with partners, but involving some associates. The interview was more like an informal conversation in which the interviewer appeared to generally want to know about who I was, and whether I had the soft tolerance and easy-to-work-with attitude that would allow me to contribute effectively to the firm." -- First year trainee
  • "The interviews are generally about knowing you and your CV, except for the second interview which seemed to focus on your degree discipline." -- First year trainee
  • "Two interviews for the vacation scheme, with a further interview whilst on the vacation scheme. Interviews are with associates and partners – no graduate recruitment. The interviews are based on trying to get to know you as a person." -- First year trainee
  • "Very straightforward application process – application form, no assessment days. One round of training contract interviews – three 30 minute interviews with two people (both associates and partners) back to back. No purposefully difficult questions intended to trip you up." -- Second year trainee
  • "I submitted a CV and covering letter, was interviewed for a vacation scheme and at the end of the vacation scheme I was interviewed for a training contract. I interviewed with a number of partners, associates and members of the HR team. The interviews for both the vacation scheme and the training contract were very informal and I was made to feel very relaxed and welcome." -- Newly qualified solicitor
  • "Three rounds of interviews with people from across the firm (partners, HR, junior attorneys, etc.), 30 minutes per interview. For lateral hires, there is a written test for some departments." -- Newly qualified solicitor, Corporate
  • "Lateral hires go through an initial screening by two partners, followed by chain of around 5/6 interviews with various associates." -- Newly qualified solicitor, Corporate
  • "At least two rounds for associates but many interviewers in the second round. The first round is a technical partners' interview. The second round is really to get as many associates to assess whether the candidate is suitable for the firm's culture." -- Newly qualified solicitor
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The Inside Buzz View

Training Contracts at Latham

 

The London office launched its UK trainee programme in 2006, and has since ramped up its recruiting – from at least 10 trainees in 2008, to more than 15 in 2010, and 28 in 2011. Due to this small intake, competitiveness amongst trainees is rare and ‘exposure to some of the world's largest deals’ is high. During the training contract trainees do four six-month seats, with the compulsory ones including corporate, finance and litigation. If you fancy going abroad, there are also plenty of opportunities to do seats in Hong Kong, Singapore, Abu Dhabi, Dubai, Riyadh, Brussels or Moscow.

 

While a stellar academic record is a must, Latham & Watkins’ trainees come from a broad spectrum of universities and are carefully vetted with an emphasis on personal qualities and potential, rather than just strong CVs. Embracing responsibility and displaying initiative are not the only recipes for success as a trainee – the firm specifically wants people who are ‘intelligent, hardworking and independent, but most of all, down-to-earth with good interpersonal skills’. The firm looks for a good fit so a genuine interest in Latham & Watkins and in corporate law is a must.

 

It’s also a definite bonus to undertake a vacation scheme as Latham & Watkins aims to recruit most of its trainees through its Easter and summer schemes. However, there are a couple of places available outside of these schemes, which can be earned through the application form and interview process.

 

The hiring process is straightforward: submit an application form and, if successful, you’ll be invited to three rounds of interviews. Each interview is with a partner and an associate and will mainly focus on your application form and your commercial awareness. Trainees describe interviews as ‘very informal, relaxed and welcome’, a welcome contrast to the confrontational style some firms are known for. During the half-day assessment, candidates meet six associates/partners over three 30-minute interviews. There is also a presentation on the firm with details of what candidates can expect during their training contract, followed by a lunch with the trainees.

 

Vacation Schemes

 

‘The best way to get into the firm is through a vacation scheme’ claim several trainees and unsurprisingly the vac scheme hiring process is similar and as competitive as it is for a training contract. The firm’s London office offers two-week summer and Easter placements to 30 law and non-law students. You will usually get to sit in two departments of your choice and could get involved with transactional work, pro bono issues or client meetings. Expect regular presentations by various associates to give you an idea of the firm and what life as trainee is like. At the end of the scheme, everyone is offered an interview for a training contract.

 

Lateral Hires

 

Lateral associate candidates are ordinarily screened by two partners and are then brought in to meet a further 10 to 12 lawyers. The second interview generally lasts 2.5 hours, and is made up of a cross-section of partners and associates from each of the departments within the office. All interviewers write reviews on the candidate, which are given detailed consideration before a final decision is made.

 

 

Latham & Watkins Graduate Recruitment Info


Contact:

Graduate Recruitment

Tel: +44 (0)20 7710 1000

Email: london.trainees@lw.com

Application Deadlines:

Training Contracts: 31st July 2012

Vacation Schemes

Easter: Applications open 1st October 2011 to 31st December 2011

Summer: Applications open 31st October 2011 to 31st January 2012


How to apply: www.lw.com/Careers.aspx?page=CareersEuropeHiring

 

 

Latham & Watkins Profile & Stats

 

Since its inception in Los Angeles some eighty years ago, Latham & Watkins has spread its wings and become one of the largest international law firms around, with London and New York its main business centres. Latham practices in all major jurisdictions: the US, EU, Middle East and Asia, and regularly represents companies doing business in Latin America, Africa and the emerging markets. A global leader in corporate, environmental law, finance, litigation and tax services, Latham employs more than 2,000 lawyers across 31 offices worldwide. To its credit, Latham & Watkins became the first US-heritage firm to generate revenues over $2 billion (in late 2007).

 

Latham & Watkins was established in glitzy LA in 1934, by Dana Latham and Paul Watkins. The firm didn’t make it to the City until 1990, opening in London with a relatively low profile at first, and focussing on project finance. Lateral hires in London took the office to over 130 lawyers, bolstering its ranks in banking and finance, competition, corporate, employment, litigation, outsourcing, and tax law. Meanwhile, Latham busily planted seeds all across Europe, and offices sprouted up in Brussels, Frankfurt, Hamburg, Milan, Moscow, Munich, Paris and Rome. And after opening two offices in Spain (Barcelona and Madrid) in 2007, Latham is now one of only a handful of US firms to have a strong presence there. More recently, the firm has focussed expansion on the Middle East, after recognising the region as a growing market. New offices have opened in Abu Dhabi, Doha, Dubai and Riyadh.

 

Latham is the only global law firm with no headquarters. And while it was founded in LA, the offices in NY are now larger. The firm's chairman is based in San Francisco and the executive committee members are spread around the world, including two in London. This means that no office reports to another, and that London has as much autonomy and power as any of the US sites.

 

Latham & Watkins’ practice was built on the back of investment banks in the US and it used those links in establishing a strong office in London. The firm's five key practices are corporate, finance, litigation, tax and environment, and land and resources. Within these departments, Latham's main operational areas are banking and finance, capital markets, restructuring and insolvency, M&A, international arbitration, structured finance, litigation, real estate and tax. The importance of the London office means that lawyers based there are often involved in some of the firm’s major international deals. Latham’s UK clients include large investment banks and financial institutions, UK and international corporates, private equity houses and governments. London lawyers work closely with teams from other offices, especially in Europe, and the City office is full service.

 

The sense of unity and partnership at Latham & Watkins means that every new partner wishing to defect from another firm has to go on a world tour, being interviewed by as many as 100 Latham lawyers before joining. Furthermore, lawyers who sit on firm’s associates committee have a say over who is promoted to partner from within. Partners are paid on work they generate – not just for themselves, but for their colleagues as well – rather than on hours billed or seniority. This gives them an incentive to share their work with other partners and solicitors. This approach is popular with the firm's lawyers and means that staff satisfaction in the London office is high.

 

Latham & Watkins actively encourages pro bono within its ranks. In 2010 alone, Latham provided almost 200,000 hours of pro bono legal services, valued at $91 million to local communities around the globe. Some of the local causes the firm is involved with include assisting Human Rights Watch facilitating funding agreements for Hand in Hand (a charity that battle poverty), and lending support to Straight Talking – a UK charity with the twin aims of reducing the rate of teenage pregnancy and fostering education. Latham also fights for the disadvantaged by representing pro bono clients in a number of trials and hearings.