Think those big American law firms are credentials-obsessed? They are paragons of open opportunity in comparison to the hiring practices of the Magic Circle firms.

U.K.’s Legal Week reports that 38 percent of recent law school grads training at the Magic Circle firms (Allen & Overy, Clifford Chance, Slaughter and May, Freshfields Bruckhaus Deringer, and Linklaters) hailed from Oxford or Cambridge in the last two years. And at Slaughter and May, arguably the most elite of the elite in the U.K., “the figure rose to almost half (48%), with Freshfields Bruckhaus Deringer not far off at 44%.”

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