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Offshore magic circle
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Offshore magic circle : ウィキペディア英語版
Offshore magic circle

The offshore magic circle refers to a number of law firms practicing in offshore jurisdictions which are considered to be amongst the leaders in the field. The term was adopted as an imitation of the more well-recognised London Magic Circle law firms. The concept of an offshore magic circle was first suggested in the wake of a series of cross-jurisdictional mergers and expansions by various firms.
Although there is some disagreement over exactly who should constitute the offshore magic circle, an article in 2008 in ''Legal Business''〔Issue 181, ''Offshore Review'', February 2008.〕 suggested that an offshore magic circle might constitute the following firms:
* Appleby
* Bedell
* Carey Olsen
* Conyers Dill & Pearman
* Harneys
* Maples and Calder
* Mourant Ozannes
* Ogier
* Walkers
== Criticism ==

In the wider legal community, it has been suggested that the 'magic circle' label is a little self-aggrandising. Not only does the group suggested by ''Legal Business'' seem fairly big (with nine firms, as opposed to the five firms in the original magic circle) but it also appears to contain a fairly high percentage of the total number of offshore firms, including almost all the significant Channel Islands firms.
The major offshore firms recognise this criticism and do not use the 'magic circle' terminology. Edward Fennell, a legal columnist for ''The Times'', has expressed slightly irreverent views of law firms designating themselves as part of an offshore magic circle.〔http://www.timesonline.co.uk/article/0,,28012-2208456_2,00.html〕 However, the concept of an offshore magic circle has gone down very well with some of the smaller firms involved, and the phrase is actively promoted by legal recruitment consultants who earn substantial fees by persuading city lawyers to spend a few years working in an offshore jurisdiction.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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