Magic Circle

The Changing Landscape of London’s Legal Market: Magic Circle vs. US Firms

Big Law, Headlining, UK Law /
Londonlaw american law firms

The Resilience of the Magic Circle Ben Thomson, LawFuel contributing writer Remember those predictions about the demise of Magic Circle law firms? Well, they’ve been confounding expectations for years with their continued success. But don’t be fooled – the London legal landscape is evolving into a battleground, with Magic Circle firms finding themselves encircled by […]

The Changing Landscape of London’s Legal Market: Magic Circle vs. US Firms Read More »

Simpson Thacher Continue To Boost London Law Practice With Eyes on European Expansion

Law Firms, UK Law /
Law firm hiring

Simpson Thacher & Bartlett has hired senior lawyers from Freshfields and Kirkland & Ellis to build its European restructuring practice in London. Adam Gallagher and James Watson join as partners from Freshfields Bruckhaus Deringer and Kirkland & Ellis respectively with Simpson Thacher betting on more distressed companies seeking legal help following the pandemic, Brexit and

Simpson Thacher Continue To Boost London Law Practice With Eyes on European Expansion Read More »

Magic Circle Law Firms Show Financial Immunity in the Face of Pandemic

Headlining, Law Firms, UK Law /
Gherkin

The pandemic has not unduly hit the results of the Magic Circle law firms, with both Allen & Overy and Linklaters showing good – if not spectacular – results in the face of the COVID-19 pandemic. Yet the overall results show a remarkably robust reaction to the pandemic by the major law firms. Linklaters confirmed

Magic Circle Law Firms Show Financial Immunity in the Face of Pandemic Read More »

Linklaters’ Good Year

Featured, Law Firms, UK Law /
Big money

PEP Talk – How Did Linklaters Outpace Its Magic Circle Rivals? Linkaters has had a good year, with its strongest financial performance of the Magic Circle firms, showing revenues up to £1.63 billion, and profits per equity partner (PEP) up 10 per cent to £1.7 million in 2018/19 Legal Business reported that the firm saw

Linklaters’ Good Year Read More »

Shearman’s Put The “Sterling” Back Into London Pay Rates

Headlining, Law Job News, NZ Top in LawFuel, UK Law /
Poundssterling

The battle for the newly qualified lawyers in London continues with US-based Shearman & Sterling lifting its salaries by 14 per cent to £120,000. The hot competition for NQs in London has been driven by the major US law firms, but increasingly the Magic Circle firms have had to lift their offerings to compete, the

Shearman’s Put The “Sterling” Back Into London Pay Rates Read More »

Magic Pay For Magic Circle Partners

Headlining, Law Firms, Lawyers, UK Law /
Freshfields

The reporting season for London’s Magic Circle firms has started with some mouth-watering figures emerging, lead by Freshfields’ partner pay packets. So what are the numbers? Leading the field with profit per equity partner (PEP) are Freshfields – £1.73 million Allen & Overy – £1.64 million Clifford Chance – £1.6 million. All firms displayed revenue

Magic Pay For Magic Circle Partners Read More »

Scroll to Top