Paul Hastings LLP
Overview
Founded in 1951, Paul Hastings is a large US-headquartered global law firm focused on cross-border transactions and complex regulatory and litigation work. The firm emphasises integrated global practice teams and has grown into a multi-jurisdictional platform serving banks, asset managers, private equity, and corporate clients across finance, restructuring, funds, fintech, real estate and disputes. The London office has expanded rapidly (more than doubled in headcount and revenue over the past five years) and hosts over 100 English- and US-qualified lawyers, underpinning the firm's growing UK and EMEA capabilities.
- Founded: 1951
- Lawyers: 1,500+
- Trainees: 12
- Offices: 24
Values & Culture
Practice Areas
- Banking & Finance
- Capital Markets
- Corporate & M&A
- Dispute Resolution & Litigation
- Employment
- Insolvency & Restructuring
- Investment Funds
- Private Equity & Venture Capital
- Real Estate
- Tax
- Data Protection & Privacy
- Financial Services & Regulation
- Intellectual Property
- Energy & Natural Resources
- Technology & Digital
- White Collar Crime
- ESG & Sustainability
Geographic Focus: Paul Hastings operates a globally integrated platform with a particularly strong presence across the U.S., Europe (including a major London team), Asia and Latin America. The firm positions itself to lead cross-border financings, restructurings, fund formation and regulatory matters and continues to grow its UK/EMEA capabilities through strategic partner hires and expanding London headcount.
Training Contract
Trainees spend time in four seats across the two-year training period (four seats in total). Seats include corporate, capital markets, real estate, real estate finance, structured finance, leveraged finance, private funds, technology/cybersecurity, employment, litigation, restructuring and tax. Training combines on-the-job seat experience with professional courses; progress is monitored formally and informally and trainees give feedback on the programme.
- Starting Salary: Year 1: £60,000; Year 2: £68,000
- NQ Salary: £173,000
- Trainee Intake: 12
- Qualification Rate: 90%
- Academic Requirements: The firm looks for distinguished academic credentials; normally an upper second (2:1) or first class degree and a majority of A grades at A Level. LegalCheek data indicates a minimum degree expectation of 2:1 and no minimum A-level requirement.
- Application Deadline: 2026-06-30
Seat Options
- Corporate & M&A
- Capital Markets
- Real Estate
- Real Estate
- Banking & Finance
- Collateralised Loan Obligations / Structured Finance
- Leveraged Finance
- Investment Funds
- Technology & Digital
- Data Protection & Privacy
- Employment
- Dispute Resolution & Litigation
- Insolvency & Restructuring
- Tax
Sponsorship
PGDL/GDL grant reported: £20,000; SQE grant reported: £20,000 (insider data).
SQE Support
SQE grant reported: £20,000 (insider data).
International Opportunities
Chances of secondment abroad: 0% (insider data).
Client Secondments
Approximately 23% of trainees undertake client secondments (insider data).
Mentorship
Trainees are assigned an associate mentor who provides guidance through mentoring sessions and daily supervision; the Talent Management Team also supports trainees. Mentors provide practice information and personal guidance to help trainees navigate firm systems and relationships. Trainees are encouraged to engage with affinity networks and firm programmes for additional support.
Programmes & Schemes
One-week paid work placements offering insight into city practice and life at the firm for participants seeking experience in a city practice. Each placement provides an inside look at the work lawyers do and life at the firm; placements are paid.
- Duration: 1 week
- Deadline: 2026-01-04
A one-day insight programme for selected candidates giving an inside look into life at the firm and the opportunity to meet partners, associates, trainees, legal tech and Talent teams. Targeted at penultimate- and final-year law students, final-year non-law students and graduates.
- Duration: 1 day
- Deadline: 2025-11-23
Selected candidates (particularly first-year law students and penultimate-year non-law students) attend a workshop offering an inside look into commercial law and preparation for training contract applications the following cycle.
- Deadline: 2026-06-14
Notable Matters
Paul Hastings' Financial Restructuring team advised senior lenders and shareholders in the complex restructuring of Enzen Group; judges at the TRI Awards credited the team with navigating complex negotiations under significant pressure and delivering a solution that saved over 150 jobs.
Insolvency & Restructuring
Paul Hastings acted for GTCR on the $24.25 billion sale of Worldpay, advising on a major buyout/sale transaction. The deal is a headline-sized private equity sale demonstrating the firm's capacity on very large cross-border M&A mandates.
Private Equity & Venture Capital
Paul Hastings advised an ad hoc crossholder group in connection with Diamond Sports Group’s approximately $8.8 billion restructuring, acting on a large-scale restructuring and creditor negotiation.
Insolvency & Restructuring
Paul Hastings advised the initial purchasers on a €700 million senior notes offering for Lineage, representing purchasers in a significant cross-border capital markets financing.
Capital Markets
Paul Hastings advised a trio of lenders on a $615 million bridge financing tied to a private acquisition of Lookers plc, illustrating the firm's lender-side financing capability on sizeable cross-border transactions.
Banking & Finance
What Paul Hastings LLP Looks For
Key Competencies
- Intellectual ability
- Commercial awareness
- Analytical ability
- Attention to detail
- Initiative
- Resilience / determination
- Flexibility and adaptability
- Teamwork and interpersonal skills
- Organisation and time management
Evidence Signals
- Distinguished academic credentials (normally 2:1 or above at degree level; strong A-level performance historically expected)
- Commercial work experience or internships in finance, funds or corporate environments
- Experience or interest in cross-border transactions and regulatory matters
- Pro bono / voluntary work demonstrating commitment to public interest issues
- Engagement with firm insight events or placements (PHirst Steps, Insight Day, Summer Workshop)
- Language skills or international experience for cross-border practice groups
Benefits & Wellbeing
- Year 1 trainee salary: £60,000
- Year 2 trainee salary: £68,000
- NQ salary: £173,000
- PGDL/GDL grant: £20,000
- SQE grant: £20,000
- Medical insurance / medical cover
- Fitness and wellbeing allowance
- Life assurance
- Paid PHirst Steps placements
- 25 working days' holiday (annual leave)
- Access to Talent Management and mentoring programme
Wellbeing
Fitness and wellbeing allowance; medical insurance; life assurance; Talent Management support and internal wellbeing/affinity networks (firm-supported programmes).
Awards & Recognition
- Global Corporate Rescue of the Year – Legal Team, Turnaround, Insolvency & Restructuring Awards (2025)
- Restructuring Team of the Year, Legal Business Awards (2025)
- CLO Law Firm of the Year, European Securitisation Awards (2026)
- Band 1 Chambers FinTech rankings (recognition noted 2025/2026)
- Vault 'Overall Best Law Firms to Work For' — Top 10 for nine consecutive years (firm statement)
Diversity, Equity & Inclusion
The firm makes an explicit statement under the Modern Slavery Act and commits to preventing modern slavery across its business and supply chains, undertaking annual reviews of processes and strengthening supplier due diligence and training. The London office statement is made pursuant to section 54(1) of the Modern Slavery Act 2015.
- Affinity networks (promote community, opportunity and inclusion)
- Charity and fundraising events
- Modern Slavery Policy
- Vendor Code of Conduct
- Procurement Policy
- Whistleblowing Policy
- Employee Handbook
- Talent Management programmes and targeted training on human rights/risk assessment
Pro Bono
The firm emphasises pro bono work with a particular emphasis on modern slavery and human rights: a three-pronged approach of (1) research and writing with international bodies, (2) supporting organisations that investigate/advocate against human rights abuses, and (3) providing direct legal support to survivors of human rights violations (including human trafficking victims).
Innovation
The firm invests in communications and integrated global infrastructure to coordinate cross-border teams and client workflows; insight platforms and specialist blogs (eg. PH Privacy, PHIRE) demonstrate subject-matter connectivity. Insider ratings indicate a strong legal tech/perks perception among trainees, with high marks for office facilities and tech-related benefits.
- State-of-the-art telecommunications infrastructure linking global offices
- PH Privacy and PHIRE insight platforms (privacy/cybersecurity and international regulatory enforcement insights)
- Firm-wide knowledge-sharing and practice integration across jurisdictions
Quick Application Angles
- Emphasise commercial awareness in finance and funds: reference the firm’s high‑profile finance and funds work (CLOs, securitisations and leveraged/structured finance mandates) and, where possible, tie your commercial examples to fund/credit markets.
- Mention restructuring and large-scale cross-border experience: discuss interest or experience relevant to the Enzen Group restructuring or the Diamond Sports Group mandate to show fit with the firm’s restructuring capabilities.
- Highlight collaborative experience and mentorship fit: the firm stresses mentoring and Talent Management support — provide examples of working effectively in teams or where you have learnt under a mentor.
- Use insight programmes to stand out: attend/apply to PHirst Steps placements, Insight Day or the Summer Workshop and reference attendance in applications (these feeding opportunities are explicitly highlighted on the careers pages).
- If you have legal tech or privacy/cyber experience, call it out — the firm publishes PH Privacy/PHIRE insight content and rates highly for legal tech among trainee insiders; practical examples of using tech in legal work will resonate.
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