(6.7.2018) The payment was a record for Freshfields’ 394 partners and was achieved on the back of a series of large technology deals and growth in its regulatory practice, which is advising corporate clients on preparations for Brexit. Freshfields’ London office advised Comcast on its £22 billion bid for Sky and advised AB Inbev on its £71 billion acquisition of SAB Miller.
(13.7.2018) While uncertainty around Brexit has been a concern, law firms have also been benefiting from companies, fund managers and big institutions keen to get advice on preparing for the U.K. leaving the EU. Clifford Chance’s Matthew Layton said that Brexit was generating work for the firm both in London and in the rest of Europe.
The Magic Circle is an informal term for the five London-headquartered law firms with the largest revenues, the most international work and which consistently outperform most of the rest of the London market on profitability. Latham and Watkin is now considered the worlds richest law firm. The law firms described by most commentators as comprising the Magic Circle are Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May.