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Offshore magic circle is the set of the largest multi jurisdictional law firms who specialise in offshore financial centres especially the laws of the british overseas territories of bermuda cayman islands and british virgin islands and the crown dependencies of jersey and guernsey.
Mesothelioma anatomical changes. Although a rather old fashioned term the phrase the magic circle has only been used since the late 1990s. The economist labelled the magic circle a group of posh london law firms but we reckon you need a more helpful definition than that. A magic circle law firm is a company traditionally seen as one of the leading five in the uk.
The name make up and size of londons most elite group of firms has gone through several iterations since the 1990s at one point it was called the club of nine and included stephenson harwood lovells. Here we introduce them explain what they have in common and how theyre different. A group of magic and silver circle law firms have joined a host of recruiters in a pledge to provide equal access to job.
Before then the prestigious law firms were called the club of nine and included lovells now hogan lovells norton rose now norton rose fulbright herbert smith now herbert smith freehills and stephenson harwood. Key differences between magic circle law firms in the world of commercial law you will often hear talk of magic circle firms. Its an informal term based on a combination of turnover and profit to group the biggest law firms at the time the phrase magic circle was coined.
The group comprises allen overy clifford chance freshfields bruckhaus deringer linklaters and slaughter and may. Following a recent salary hike all magic circle firms are now paying nqs 100000 including sign on bonus and over. The same firms are also increasingly advising on the laws of onshore financial centres especially ireland.
The magic circle is an informal term describing the six most prestigious london headquartered multinational law firms with the largest revenues which generally outperform the rest of the london law firms on profitability. Some might already have their hearts set on a prestigious magic circle or an elite us firm due to excellent training benefits high quality work and a high salary to match.
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