The sixth annual Euro 100 survey suggests clients are turning their backs on the magic circle in favour of smaller, cheaper firms. RAVINDER CASLEY GERA reports. Research by LAURA VEVERS.
This year’s Euro 100 Survey shows the effect the recession has had on the European legal market. For the first time since the survey began, all the magic circle firms – as well as several elite US firms – have fewer mentions than previous years. Smaller UK firms mostly see increased mentions, suggesting clients are making good on their frequent promises to focus more on value when selecting law firms.
Full surveys available soon...