Allen & Overy is breaking through the Magic Circle glass ceiling, proving once and for all what it has been insisting for a while: it is no longer just one of the Magic Circle quintet.

As anyone who is part of the legal industry undoubtedly knows by now, the British elite firm is merging with Shearman & Sterling, a move the two firms announced over the weekend. Together, they will have more than $3 billion in revenue globally and almost 4,000 lawyers worldwide.

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