Law Firms
The five law firms which are generally regarded as constituting the Magic Circle are:
- Allen & Overy
- Clifford Chance
- Freshfields Bruckhaus Deringer
- Linklaters
- Slaughter and May
These firms are generally regarded as the most prestigious law firms headquartered in the UK, and consistently have the highest earnings per-partner and earnings per-lawyer among UK-headquartered law firms.
In 2010 four members of the Magic Circle were among the ten largest law firms in the world measured by revenues, with Clifford Chance, Linklaters, Freshfields Bruckhaus Deringer and Allen & Overy respectively the third-largest, fourth-largest, sixth-largest and seventh-largest by this measurement. In 2010 Slaughter and May was the 48th-largest law firm in the world by this measure, with revenues of $628,500,000.
| Rank | Firm | Revenues | Location of headquarters |
| 1 | Baker & McKenzie | $2,104,000,000 | United States |
| 2 | Skadden, Arps, Slate, Meagher & Flom | $2,100,000,000 | United States |
| 3 | Clifford Chance | $1,874,500,000 | United Kingdom |
| 4 | Linklaters | $1,852,500,000 | United Kingdom |
| 5 | Latham & Watkins | $1,821,000,000 | United States |
| 6 | Freshfields Bruckhaus Deringer | $1,787,000,000 | United Kingdom |
| 7 | Allen & Overy | $1,644,500,000 | United Kingdom |
| 8 | Jones Day | $1,520,000,000 | United States |
| 9 | Kirkland & Ellis | $1,428,000,000 | United States |
| 10 | Sidley Austin | $1,357,000,000 | United States |
Those UK-headquartered firms which are commonly regarded as the main competitors of the Magic Circle are often referred to as the "Silver Circle".
Read more about this topic: Magic Circle (law)
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