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Magic Circle’s record partner numbers show push to keep stars: ‘Good people could get poached away’

Strong demand for legal services in 2021’s global M&A boom have kept top law firms in relatively good shape post pandemic

By James Booth
The five firms that make up London’s legal elite — Linklaters, Freshfields Bruckhaus Deringer, Clifford Chance, Allen & Overy, and Slaughter and May — promoted 152 partners globally in 2022, which was a leap of more than 25% from the same period last year
The five firms that make up London’s legal elite — Linklaters, Freshfields Bruckhaus Deringer, Clifford Chance, Allen & Overy, and Slaughter and May — promoted 152 partners globally in 2022, which was a leap of more than 25% from the same period last year Photo: Leonard Beard for FN

London’s Magic Circle law firms have promoted record numbers of partners in 2022, amid surging demand for legal services and fierce competition for talent.

The five firms that make up London’s legal elite — Linklaters, Freshfields Bruckhaus Deringer, Clifford Chance, Allen & Overy, and Slaughter and May — promoted 152 partners globally in 2022, which was a leap of more than 25% from the same period last year, an analysis by Financial News found.

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