The offshore magic circle is the set of the largest multi-jurisdictional law firms who specialise in offshore financial centres, especially the laws of the British Overseas Territories of Bermuda, Cayman Islands, and British Virgin Islands, and the Crown dependencies of Jersey, Guernsey and The Isle of Man.
Edward Fennell, a legal columnist for The Times, has expressed dim views of law firms designating themselves as part of an offshore magic circle.
[14] The Lawyer magazine produces a list of the top twenty offshore law firms by number of partners, published each February.
* Carey Olsen was formed by the merger of two roughly equivalent sized firms from Jersey and Guernsey.
Mourant Ozannes was formed by a merger of firms from Jersey, Guernsey and the Cayman Islands.