Many strategic plans collect dust, typically failing at the stage of implementation. That's often the case because of lack of buy-in by various stakeholders.
The term "Magic Circle" has historically denoted the most prestigious law firms in the UK, known for their prestigious client base and lucrative practices. However, as competition intensifies, these firms are attempting to rebrand themselves as "Global Elite," aiming to expand their influence beyond traditional markets and adapt to a globalized legal landscape.