King & Spalding Kramer Levin Naftalis & Frankel O'Melveny & Myers Paul, Weiss, Rifkind, Wharton & Garrison Proskauer Rose Quinn Emanuel Urquhart & Sullivan Reed Smith Steptoe & Johnson Skadden, Arps, Slate, Meagher & Flom Squire Patton Boggs Wachtell, Lipton, Rosen & Katz Weil, Gotshal & Manges Equivalent law firms outside the United States Australia Big Six. In 2012, three of these firms merged with overseas firms, and one other began operating in association with an overseas firm. As a consequence, it has proposed that the term is no longer applicable to the Australian legal profession, displaced by the concept of Global Elite law firms or International Business law firms. Canada (Toronto) Seven Sisters China (People's Republic) Red Circle, coined by The Lawyer magazine in 2014. Japan Big Four New Zealand Big Three Singapore Big Four comprising Allen & Gledhill, Drew & Napier, Rajah & Tann, and Wong Partnership South Africa Big Five United Kingdom (centered on the City of London) Magic Circle, firms with the largest revenues, the most international work and which generally outperform the rest of the London market on profitability. Silver Circle, the next tier below the Magic Circle (there is no Golden Circle) has firms smaller than those in the Magic Circle, though sometimes with similar level of profits per equity partner (PEP) and average revenue per lawyer. Offshore financial centers Offshore magic circle References Further reading Wald, Eli, "The rise and fall of the WASP and Jewish law firms." Stanford Law Review 60 (2007): 1803-1866 online External links Law firms of the United States Legal history