Silver Circle (law firms)

The Silver Circle is a group of elite corporate law firms headquartered in London, United Kingdom. The firms are each outside the Magic Circle, and have a lower turnover than the members of that group, but consistently have an average profits per equity partner (PEP) and average revenue per lawyer (RPL) far above the UK average. The term was coined by The Lawyer magazine in 2005.

As defined by The Lawyer magazine, the Silver Circle comprises Ashurst, Berwin Leighton Paisner, Herbert Smith Freehills, Macfarlanes and Travers Smith. Their 2012/13, 2013/14, and 2014/15 turnover and profits per equity partner are shown below:

Hogan Lovells, Norton Rose Fulbright and Simmons & Simmons are also sometimes included as members of the group.

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