Haynes and Boone

The investment management seat has received high praise from an enthusiastic junior who shared, “I get a front-row seat to amazing, new, innovative companies, and no two mandates are the same!” Haynes and Boone’s London office has certainly worked with some exciting startups in 2024, including advising AI innovator Awaken Intelligence on its merger with AI conversation intelligence software company Tethr. The London team has also taken the lead on significant investor-side work, such as representing Zero Carbon Capital in closing its £20 million fund focused on early-stage decarbonisation startups.

Haynes and Boone takes a typically American approach to training, with much of the learning happening “on the job”, giving rookies who can prove themselves “plenty of responsibility”. Trainees are encouraged to take an active role in their learning, as one insider explains: “Partners operate an open-door policy, and we are actively encouraged to call and ask questions.” Another trainee adds, “All the partners are very approachable and friendly. I find it very easy to discuss work with them and ask questions.” The firm also regularly holds ‘points of law’ and ‘lunch and learn’ training sessions, the latter with the bonus of a “free lunch included”.

A free lunch goes down particularly well among Haynes and Boone juniors, who admit that the firm’s on-site catering leaves something to be desired. “There is no canteen,” we are told, although the office does run a “small café” — which one peckish insider noted “could be bigger” — serving snacks drinks. One rookie complained about the lack of “better amenities or hot lunches” in the office. However, another offered a more optimistic perspective: “Although you can’t buy food in the office, it doesn’t really matter because we’re in one of the best areas in London for lunch options.”

Competition for a training spot at Haynes and Boone is strong, with the firm taking on only three London trainees each year. Those who secure a place can look forward to a starting salary of £46,000 in their first year, which increases to £50,000 in their second year. While the firm does not currently disclose its NQ salary, it offers a range of perks, including a £500 contribution toward trainees’ gym memberships.

The firm also funds an active social life for its juniors. “There are firm-wide summer and Christmas parties, which are great fun. The trainees and associates also have their own separate Christmas party, fully paid for,” one insider tells Legal Cheek. Events like these help build strong connections within this close-knit office. As one junior notes, “Given the size of the firm, you tend to see and speak to everyone at socials, regardless of seniority.”

Informal social events are a regular part of life at Haynes and Boone and can sometimes get quite lively. One insider shared, “We had a staff vs. partners 5-a-side football tournament that turned into a pub crawl and went on until the early hours.” By all accounts, the lawyers at Haynes and Boone are a fun-loving group. As one rookie reported, “You will always find at least a few people willing to go to the pub after work if you wanted a drink!”

The firm is keen to invest in its “incredibly nice and supportive culture,” hosting “welcome breakfasts for every new joiner and socials when colleagues from the US are visiting.” Transatlantic relationships are further nurtured as Haynes and Boone flies its NQs to the Dallas headquarters for a week. “This was a great opportunity to see our colleagues across the pond!” one insider explains.

It’s not all social events and jet-setting at Haynes and Boone; trainees also put in their fair share of hard work. Overall, they handle it well, with one source noting, “There are times when it is busy, but on the whole, the work/life balance is excellent, especially for a US firm!” Another trainee agreed, saying, “We have some very late nights, but these are much more the exception than the rule,” One fortunate junior shared, “I’ve never had to cancel any evening plans and never worked on a weekend.” The general consensus is that the work/life balance at the firm is “pretty good”.

There are some grumbles from rookies about the firm’s legal tech. “We still use a fairly old instant messenger/phone app — I wish they’d move to Teams!” one exasperated insider told us. Another admitted, “The work equipment and software can sometimes be temperamental.” Haynes and Boone also seems to be trailing slightly behind other City firms in adopting artificial intelligence. “The firm still maintains a no-AI policy,” one source claimed. Digitally inclined trainees describe this approach as “a bit too cautious,” suggesting that “thoughtful implementation with proper training on AI would be better than an outright ban”.

On a more positive tech note, the firm provides a £1,000 budget to support those working from home, which juniors describe as “generous” — “it allows you to purchase everything you need!” While the firm is “fairly relaxed” about remote work, it requires trainees to spend at least three days a week in its “comfortable” Fetter Lane office. The open-plan layout fosters relationships among peers — “I am always just a few steps away from the other trainees,” one insider tells us, while another explains how it “helps when approaching seniors”.