Slaughter and May

The Lawyer UK 200

  • UK 200 Position: 7
  • UK…

Position: 5
Firm: Slaughter and May

Turnover: £479.6m
Profit per equity partner: £2,250K
Earnings per partner: £2,180K
Equity spread: £1,200K-£2,400K
Net profit: £283.5m
Profit margin: 59 per cent
Revenue per fee-earner: £634K
Revenue per lawyer: £823K
Revenue per partner: £3,633K
Revenue per equity partner: £3.81m
Total number of fee-earners: 756
Total number of qualified partners: 583
Total number of partners: 132
Total number of equity partners: 126
Total number of female partners: 25
Total number of female equity partners: 23
Total number of staff: 1,304
Leverage ratio (equity partners/fee-earners): 1:3.6

2006-07: Corporate 3, dispute resolution 1, employment 1, pensions 1, real estate 1, tax 1
2005-06: Corporate 5, competition 1
2004-05: Corporate 3, IP 1

2006: Corporate 1
2005: 0
2004: 0

Intake as percentage of partnership: 6.1
New female partners as percentage of intake: 25
Firms recruited from: Morgan Stanley
Equity structure: 126 equity partners, 5 non-equity
Practice area(s) most heavily promoted: Corporate/commercial
*Figures supplied relate to the calendar year

No real break from tradition for Slaughter and May, with the only lateral hire in 2006-07 being Hong Kong-based Lisa Chung, who rejoined the firm in the corporate department as a partner after a year-long spell away in-house at Morgan Stanley.

Instead the firm concentrates on home-grown lawyers and 2006-07 was a bumper year. Slaughters made up eight to the partnership, continuing the steady rise in the number of promotions evidenced over the past four years.
Moreover, the firm expanded its focus from its corporate core, which benefited from three promotions, to a range of other sector groups. Associates at the firm benefit from a shorter partnership track than at other UK top 10 firms, typically being promoted at six or seven years’ PQE.

Slaughters is more diverse than its old-school stereotype might have one believe. More than 15 per cent of the partnership is now female and more than 70 per cent of total fee-earners. Ethnic minorities, however, are less well represented, making up around 6 per cent of the partnership.

  • Web:
  • Telephone: 020 7600 1200
  • Fax: 020 7090 5000
  • No. of Trainees: 172
  • No. of Trainee Vacancies: Approx 95
  • Training contract application deadline: Rolling deadline
  • Selection
    • Individual interview
    • Panel interview: Yes
    • Assessment day: No
    • Psychometric test: No
    • Written exercise: No
  • No. of Seats: 4 – 5
  • Opportunities Abroad: Yes
  • Vacation Schemes
    • No. placements: 60
    • Summer vacation scheme application deadline: 25-Jan-08
  • GDL/CPE Intake: Not disclosed
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £6,450 – £7,450
  • LPC funding
    • Fees: Yes
    • Maintenance: £7,450
  • Salary/benefits
    • Start: £38,000
    • Qualification: £65,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: No
    • Gym membership: Yes
    • Subsidised lunch: Yes
    • Free taxis after hours: Yes