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Aspiring Lawyers - Applications & General Advice
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Demise of the Magic Circle?
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<blockquote data-quote="themagician" data-source="post: 26699" data-attributes="member: 5436"><p>Hi everyone,</p><p></p><p>I've read loads of posts on TCLA, read an article comparing the NY Elite and the Magic Circle, and spoken to a few trainees that I know, and all of it has painted a bleak picture for the Magic Circle over the next decade or so, with US firms seemingly gradually but inevitably 'taking over' top end London legal work. A lot of it has made it seem like the end is coming for all five firms and that they're going to fade away into obscurity.</p><p></p><p>While recognising that each of the five firms are different, I think my work style and personality is far more suited to the Magic Circle. However, I'm just a little concerned after hearing so many negative things about their future competitiveness (or lack thereof?).</p><p></p><p>Ultimately, I'm not sure what/who to believe. Are the Magic Circle really on an inevitable decline? Will they continue to be considered part of the world's elite? The problem I have described aside, I would prefer the Magic Circle any day of the week over a top US firm, from a personal fit perspective. Nonetheless, should I be applying to the top US firms, for the detailed reasons?</p><p></p><p>Any comments or help is appreciated.</p></blockquote><p></p>
[QUOTE="themagician, post: 26699, member: 5436"] Hi everyone, I've read loads of posts on TCLA, read an article comparing the NY Elite and the Magic Circle, and spoken to a few trainees that I know, and all of it has painted a bleak picture for the Magic Circle over the next decade or so, with US firms seemingly gradually but inevitably 'taking over' top end London legal work. A lot of it has made it seem like the end is coming for all five firms and that they're going to fade away into obscurity. While recognising that each of the five firms are different, I think my work style and personality is far more suited to the Magic Circle. However, I'm just a little concerned after hearing so many negative things about their future competitiveness (or lack thereof?). Ultimately, I'm not sure what/who to believe. Are the Magic Circle really on an inevitable decline? Will they continue to be considered part of the world's elite? The problem I have described aside, I would prefer the Magic Circle any day of the week over a top US firm, from a personal fit perspective. Nonetheless, should I be applying to the top US firms, for the detailed reasons? Any comments or help is appreciated. [/QUOTE]
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Demise of the Magic Circle?
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