Finance Monthly - Legal Awards 2023

‘BigLaw’, similar to the UK’s ‘Magic Circle’, is a term coined to describe the leading law firms in the US and internationally. While the exact factors that mark a firm as ‘BigLaw’ may vary, most will employ over 100 lawyers and offer staff the most competitive salaries in the sector. Making partner at one of these firms has long been a common career goal of lawyers in the US, with the prestige and remuneration of these positions compensating for the long hours and exceptional standard of work expected of them. In this feature, we take a deep dive into the concept of BigLaw as a phenomenon in the legal sector, studying its characteristics and how its influence has come to define the professional landscape of the modern era. Written By Oliver Sullivan Finance Monthly BIGLAW A BRIEF HISTORY OF SPECIAL FEATURE 22

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