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 categoryMeet the 35 GCs making the grade in first-ever Legal 500 UK Powerlist Hall of FameIn-HouseTheresa Hargreaves20 Apr 2026Former SEC enforcement director joins Barclays as new legal headIn-HouseTheresa Hargreaves20 Apr 2026‘We see more of the market than any other firm’ – why Latham’s City finance team wants to have it allLaw firmsWill Lewallen17 Apr 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