Slaughters does have high PEP (but also has a tiny partnership) and doesn’t operate in less profitable markets (Europe & Asia for example) which eats into PEP of the other MC firms (and the likes of Herbies, Ashursts)

Slaughters does get elite public M&A mandates no doubt in the UK, but globally, no. It’s not exactly Skadden, STB and so on.

Maybe an Electrum Circle and Slaughters is its only member.

Do you want fries with that?

I.e., they are not SC.

Eversheds is 100k NQ.

Clearly dont work at Dentons then

Slaughters is not Silver Circle. It needs a new category. Given its profitability (much higher than MC) and elite mandates, should it be Platinum Circle?

Why should they raise it? Slaughters are a full service SC firm that pays just about right for what they are

If you’re being pedantic, sure, the overarching question is the same. But there’s clearly a distinction between whether BCLP formed part of the SC two decades ago, i.e., did they originally belong, and whether they currently deserve to be ‘de-grouped’, seeing as many have long deemed them a SC-firm anyway, despite the historical contention.

Who?

BCLP is SC for real estate, and CMS/Shed/Pinsent etc. level for everything else lol

No it’s very much the same question. Don’t let platitudes get in the way of making a point.

Agreed – Ashurst, Travers Smith, Herbert Smith and Macfarlanes were the traditional Silver Circle.

Ashurst and HSF are legacy Silver Circle firms, now in a different grouping, with SM joining the Silver Circle. Quite the full circle considering SM is the “child” of Ashurst Morris Crisp.

Yes, they’re obviously still SC, it’s firms like BCLP that are questionable (whether they’ve ever been fully in the bucket is another question altogether)

The SC has fragmented like the MC:

Traditional SC (based on the original criteria): Macfarlanes, Travers (hanging on) and now Slaughter and May.
SC firms that have global “elite” ambitions (and no longer fit the SC criteria): Ashurst and HSF
Defunct: BLP
No one seriously considers SC: Mishcon, CMS etc.

Traver’s HR team rally with the downvotes

Eh, sort of, they’ve been a bit below HSF, HogLov and Macs for the last few review rounds anyway. A 9% raise in the current market isn’t awful. Doubt anyone is losing sleep over it!