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Top UK Firms' Practice Sectors
- Companies are often best described by the products they
sell and law firms are no exception.
- If you want to work in a specific practice area,
or want to get an objective flavor of how a firm is positioned, it pays to see
where their business comes from.
- Evidently the large firms can handle work in all service
areas and have specialist partners in each of the four main practice areas of
Corporate, Finance, Real Estate and Litigation.
- Most of the firms pride themselves on having large and
profitable Corporate divisions. There are various proportions of Finance and
Litigation however there tends to be relatively little exposure to Real Estate
work (although this is now increasing).
- The "Other" category consists mostly of Tax, Competition,
EU, Incentives, Employment and Projects.
Benefits From Large / Small Divisions
Large
- Brand status (useful for the CV).
- Excellent in-house education.
- Higher pay (e.g. Law School fees).
- More international secondments.
- Experience on deals that only large departments
can handle.
Small
- Broader job description.
- More meaningful ties with colleagues.
- More responsibility.
- Big fish - small pond.
- May be more profitable.
These charts show the proportional increase in each
firm's revenue and PEP by assuming that they were all equally sized in 2001:
...
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