Endorsement
Although not expressly endorsing the term, the Chambers legal directory in its 2008 edition recognised the move towards multi-jurisdictional offshore firms, and including a new ranking for offshore firms globally rather than by jurisdiction. Arguably this was the first formal attempt to frame a defined offshore magic circle, although the directory pointedly did not use the term.
That list included all the same names as the list produced by Legal Business for the putative offshore magic circle. The directory expressly stated that single-jurisdiction firms, no matter how good, would not be considered.
The Lawyer magazine produces a list of the top twenty offshore law firms by number of partners, published each February.
Read more about this topic: Offshore Magic Circle