In the U.K. mergers and acquisitions market, the favoured narrative that pitches U.S. firms as merciless interlopers has lately been quieted, however briefly, with the Magic Circle this year unseating the storied Wall Street elite as the market’s most active group.

The Magic Circle and other U.K. firms took the top six slots in 2018 for U.K. M&A activity, according to data gathered by Mergermarket for Legal Week. The familiar top-of-the-table U.S. firms fell down the rankings for the first time since 2014. After taking the top three places in 2017, Kirkland & Ellis, Davis Polk & Wardwell and Skadden, Arps, Slate, Meagher & Flom dropped to 12th, seventh and ninth respectively last year.