For a UK law firm to do this in a market, where it's just harder to make money, that's a hell of a statement. It's going to cost them. They don't really need to do this. It can only really be for prestige. - Scott Gibson, director of London-based legal consultancy Edwards Gibson...
Ria Karnik, a London-based legal recruiter for Major, Lindsey & Africa, said that Linklaters and Freshfields are making 'bold move[s],' and that it's 'reasonable to expect the other Magic Circle firms to follow suit.'
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