Once a catchy descriptor of the go-to advisors to Corporate Britain, the term “Magic Circle” now seems less meaningful in a legal industry that has grown increasingly transatlantic. Over the past two decades, the firms traditionally associated with the Magic Circle—Clifford Chance, Freshfields Bruckhaus Deringer, Allen & Overy, and Linklaters—have expanded their international reach while ceding a significant share of the U.K. market to U.S. counterparts.
For a deeper dive into how these changes are impacting the UK’s largest, most dominant law firms and the potential new entrants to the Magic Circle, read the full article by Global Lawyer on
Law.com International.