The Magic Circle is an informal term used to describe collectively what are considered to be either the five, or possibly six, leading London-based law firms, all of which employ primarily solicitors. It is also used as a term to describe the top four Commercial Chambers at the Bar. In the US, the term used to describe the leading firms is White shoe firm. Members of the Magic Circle are:[1]
As of 2008[update] the first four listed above were in the top six largest law firms in the world by revenue (in 2006 Clifford Chance became the world's highest-grossing law firm).
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