Like their colonialist ancestors, the U.K.’s Magic Circle firms have spread around the world, jointly employing more than 10,000 lawyers and grossing more than $5 billion last year. But the London giants are struggling to figure out the U.S. market. Emblematic of the struggle is that, while most of the big London firms have New York offices, only Freshfields and Clifford Chance have ventured into Washington, despite the District’s reputation as a lawyer’s paradise. One has to wonder: What’s wrong with D.C.?
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