Silver Circle
The Silver Circle is a group of corporate law firms headquartered in London, United Kingdom which are each outside of the Magic Circle, and have a lower turnover than the members of that group, but have an average profits per equity partner (PEP) and average revenue per lawyer (RPL) far above the UK average.[1][2][3] The term was first coined by The Lawyer magazine in 2005.
Composition
As defined by The Lawyer magazine, the Silver Circle comprises Herbert Smith Freehills, Ashurst, Berwin Leighton Paisner, King & Wood Mallesons, Macfarlanes and Travers Smith.[1] Their 2012/13 and 2013/14 turnover and profits per equity partner are shown below:
| # |
Law firm |
Turnover (2012/13)[4] |
Profits per equity partner (2012/13)[4] |
Turnover (2013/14) |
Profits per equity partner (2013/14) |
| 9 | Herbert Smith Freehills | £671m | £784,000 | £800m | £741,000 |
| 13 | Ashurst | £323m | £680,000 | £586m | £801,000. |
| 17 | Berwin Leighton Paisner | £233m | £401,000 | £246m | £542,000 |
| 22 | King & Wood Mallesons | £183m (SJ Berwin LLP) | £565,000 | £179m (KWM LLP) | - |
| 29 | Macfarlanes | £114m | £989,000 | £139.75m | £1,200,000 |
| 41 | Travers Smith | £86m | £790,000 | £97.2m | £882,000 |
See also
References
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| 1Decentralised 2Co-headquartered in the United States Category |
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| United Kingdom law category |
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