These firms are some of the most prestigious in the world, and consistently guarantee highest earnings per-partner and earnings per-lawyer amongst firms headquartered in the UK. When I was a student starting my research into law firms, ‘Magic Circle’ and ‘Silver Circle’ were ubiquitous terms students would use to categorise law firms. We interview the trainees to get the truth about life at the major employers. The Silver Circle is an informal term for perceived elite corporate law firms headquartered in the United Kingdom that are the main competitors for the Magic Circle in the United Kingdom. If you are an aspiring solicitor, you will have almost definitely heard about Magic Circle law firms and quite possibly the Silver Circle too. Abstract background with blue luminous swirling backdrop. The term was coined by The Lawyermagazine in 2005 in response to the pre-existing term, Magic Circle. If you're considering applying to a Magic Circle law firm, it’s worth knowing the key difference between them to find out which one you’re best suited to. Take our snap survey here (only four questions). These firms have a lower turnover than the members of the Magic Circle, but consistently have an average profits per equity partner (PEP) and average revenue per lawyer (RPL) far above the UK average (and, in some instance… The term was coined by The Lawyer magazine in 2005. Reviews of 125 leading law firms. “The legal profession thought they’d banished [the Big Four] to Middle Earth,” Prof Wilkins says. Related content. The so-called Magic Circle law firms grew rapidly as the remaining Big Four drew in their horns. The five Silver Circle law firms consist of: Apply Today. Welcome to Law. Which law firms – in your opinion – are in the legal profession’s Silver Circle? For our alternative classification of London law firms (avoiding the term 'silver circle') see our feature on Different types of law firm. Without a doubt, both are incredibly prestigious and highly rewarding London-based, corporate law firms to work for. The Silver Circle is a group of elite corporate law firms headquartered in London that has evolved significantly as the UK legal market has been affected by globalisation and mergers. The full financial merger created a single, global firm called "Herbert Smith Freehills". [14] [15] The expansion of other, non-"Big Six" law firms in … The Silver Circle is a group of elite corporate law firms headquartered in London, United Kingdom.The firms are each outside the Magic Circle, and have a lower turnover than the members of that group, but consistently have an average profits per equity partner (PEP) and average revenue per lawyer (RPL) far above the UK average.
Not at all. Freehills merged with London-headquartered "Silver Circle" law firm Herbert Smith, effective from 1 October 2012. Whilst the Magic Circle firms are great firms doing great work, seeing them as more prestigious is out-dated. Silver Circle firm - Employment - 1+ in 7+ Years, Private Practice, Employment with Eximius Law.
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