Despite growth slowing amid a stuttering deal market in 2023, the Global London law firms have cut a swathe through the City over recent years, with their purchasing power enabling them to consistently acquire market share in London.
The Legal 500 rankings offer detailed insight into the scale and focus of this growth – as a group, the Global London firms have increased their number of top-tier Legal 500 rankings by almost 40% over the past five years – a stark comparison to the Magic Circle, where tier one rankings have remained flat.
