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There's a new name doing the rounds for those big four UK firms that sit of the top of The Lawyer UK 200.
No longer shall they be known as the magic circle, or even the global elite. At Travers Smith at least, Clifford Chance, Linklaters, Freshfields and Allen & Overy have been christened the 'factory firms'.
"It's something to do with the ranks of faceless, grey drones working all hours without sunlight for days on end," said one (nameless) Travers partner. While reclining on a sun lounger in the firm's garden. Sipping Pimms. Probably.
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