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Magic Circle firms losing out to US in talent war

American law firms have been on an aggressive hiring spree in London in recent years, as they have followed corporate clients, private equity firms and fund managers

Magic Circle firms losing out to US in talent war
Photo: Getty Images

The coronavirus crisis has sparked a war for top legal talent in London — and the City’s elite Magic Circle firms are losing.

US legal giants are splashing out millions of dollars to poach partners in the capital whose pay has taken a hit amid the pandemic, according to top legal bosses and recruiters.

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