Law firms Back in the machine – opportunity and threats amid much-changed debt markets Jaishree Kalia · 1 May 2014 · 41 min read Financial services Magic Circle After years in the post-Lehman doldrums, the finance markets are springing back to life. Legal Business assesses the forces powering the upgraded ‘Doomsday machine’Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this category‘You don’t need to know the answers to everything’ – Monzo’s legal chief on AI, crisis control and staying curiousIn-HouseTheresa Hargreaves10 Apr 2026Pinsent Masons promotes 23 new partners, with six in LondonLaw firmsWill Lewallen31 Mar 2026How Pinsents’ forensic accounting partners doubled their billingsLaw firmsWill Lewallen30 Mar 2026‘After Lehman collapsed, salaries still went up’: Magic Circle NQ pay rises as market coolsLaw firmsHolly McKechnie17 May 2023New brooms from the Magic Circle: Moore adds new law string to his bow as Braham set to chair M&GLaw firmsCharles Avery1 Mar 2022Comment: Last orders – The final reflections of a veteran legal punditLaw firmsAlex Novarese9 Oct 2020Transatlantic firms outstrip peers on five-year PEP growth, LB100 data revealsLaw firmsAlex Ryan20 Dec 2024The LB100 ranked by PEP: firms push partner profits to new heights as associate pay debate rumbles onLaw firmsAlex Ryan18 Dec 2024A good time to be mid-tier: private equity interest on the rise as mid-market thrivesLaw firmsTom Cox18 Dec 2024