Ask anyone at Herbert Smith and they will tell you the firm is part of the magic circle. It has been a sensitive issue for a long time.

In reality, the firm is not generally regarded in quite the same class as the elite five. Much of this is due to its corporate practice, which acts for clients including Warner Music, Essar and Standard Life but lacks the same prowess as its larger rivals bar A&O. It also holds nothing like the same investment banking links or international presence.