Home

2018 Predicted to End The Magic Circle of Law Firms
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The “magic circle” is an informal term for a set of UK firms — Allen & Overy, Clifford Chance , Freshfields Bruchhaus Deringer, Linklaters , and Slaughter and May – who are leaders in the field, and among the most prestigious. But The Lawyer predicts that by 2018 they will be “magic” no more. That publication, which has also coined the phrase “Sweet Sixteen,” as shorthand, in their Transatlantic Elite research, for firms that profited per equity partner (PEP) at £1m or higher, thinks that while the coinage “magic circle” might linger, the dynamic of the group is changing, and notably, firms like Clifford Chance aren’t earning as much as their rivals, while Slaughter and May is half the size of the rest.

Since Slaughter does not quite fit in with the other 4, and since Clifford Chance is slipping, the magic circle isn’t quite so magical as before, and of course the market is always evolving. That is why The Lawyer predicts the global elite of of 2023 will look something more like this:

  
What
Where


Global elite 2023

Allen & Overy

Cleary

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Davis Polk

Freshfields



Latham & Watkins

Linklaters

Simpson Thacher

Skadden

Sullivan

Kirkland

Weil Gotshal

As for the original “sweet sixteen,” they are predicting the US elite to expand, with Wachtell Lipton and Cravath becoming super-boutiques like Slaughters, and with Paul Weiss and Debevoiose joining the group



 

RELEVANT JOBS

Litigation Associate Attorney

USA-MI-Petoskey

Full Job Description Prominent small firm in beautiful Northern Michigan seeks Litigation Associa...

Apply now

Legal Secretary

USA-MD-Owings Mills

Secretary needed for law firm. Must be proficient in Word and type at least 50 wpm. Familiarity will...

Apply now

Litigation Paralegal (part-time)

USA-CA-Aliso Viejo

Full Job Description About us Brian Ballo, Esq. is a 34 year real estate and business attorney...

Apply now

Judicial Clerkship

USA-GA-Jonesboro

JUDICIAL LAW CLERK / STAFF ATTORNEY POSITION Judge Aaron B. Mason is seekin...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

International Trust and Estates Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks an international trust and e...

Apply Now

Real Estate Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks a Real Estate Attorney with ...

Apply Now

Litigation Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search Top Ranked Law Firm seeks a litigation associate attorne...

Apply Now

SEARCH IN ARCHIVE

To Top