Magic Circle (law firms)

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"Magic Circle" is an informal historical term describing five global elite London-headquartered multinational law firms, which generally outperform the rest of the London law firms in profitability. The term was coined by legal reporters in the 1990s and is generally considered to include the following five law firms: A&O Shearman, Clifford Chance, Freshfields, Linklaters, and Slaughter and May. The term has also been used to describe elite barristers' chambers in London. All of the 'Magic Circle' law firms and barristers' chambers specialise primarily in corporate law.

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