47:
and now owned by Key Media). At the time, the Seven
Sisters dominated the Canadian M&A legal advisory rankings. However, by 2006, Black stated "the moniker may have run its course and that some people argue the Seven have shrunk to two or possibly three." Later that year,
1139:
52:
reported the Seven
Sisters term was no longer valid, explaining that "as the Canadian pool of major companies boils down to a thin concentrate, the upper legal tier has also shrunk." It noted that "most observers agree the reigning top players are
77:
rankings for
Canadian law firms confirm that it's time to retire the notion that "Seven Sisters" dominate Canadian law firms." As of 2022, only five of the original seven have become national law firms in Canada – the aforementioned four plus
89:
reported that the market had changed markedly from the early 2000s: "Elite U.S. legal shops blanket the top 25 firms for M&A, taking 13 of the top spots on the chart." According to
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1310:
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The term "Seven
Sisters" was originally coined by John Alexander Black, founder of Lexpert Magazine (previously owned by
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202:
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118:
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Lexpert
Magazine publishes a yearly list of The 30 Largest Law Firms in Canada ranked by total number of lawyers.
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93:(FY 2021), the top 10 legal advisors by volume for M&A transactions with any Canadian involvement were
173:), signalling the integration of Canada into the larger North American and international market. The same
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2022 Global 200, first published in 2018, included a total of eight
Canadian law firms, excluding
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16 Guelph, ON; 16 London, ON; 31 Vaughan, ON; 31 Waterloo, ON; 21 Regina, SK; 10 Saskatoon, SK
177:(FY 2021) report shows the top 10 M&A legal advisors by deal count in Canada consisting of
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1239:"Drew Hasselback: 'Seven sisters' no longer rule the Bay Street roost"
1161:"Drew Hasselback: 'Seven sisters' no longer rule the Bay Street roost"
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1140:Évolution des cabinets d'avocats et de leur organisation au Canada
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which operates as two separate partnerships across the
Atlantic.
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In alphabetical order, the historical Seven
Sisters included:
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158:
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1263:"Foreign law firms, banks moving up Canadian M&A ranks"
1311:"The 2022 Global 100 Ranked by Profits Per Equity Partner"
220:The 'club of nine' was a similar term used in the
267:
1374:
1280:"Bloomberg Global M&A Legal Rankings 2021"
1187:"Key Media – Leading Global b2b Media Company"
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31:, the majority of which have head offices in
23:refers to a historical collection of seven
1211:"Clouds darken legal horizon, Black warns"
1158:
1297:"The 2022 Global 200 Ranked by Revenue"
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1353:"Canada's Largest Law Firms | Lexpert"
303:Profit per Equity Partner (PPP, US$ )
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1335:"About the Structure of Gowling WLG"
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1272:
13:
1159:Hasselback, Drew (28 March 2014).
14:
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876:38 Hamilton, ON; 51 Waterloo, ON
16:Canadian group of large law firms
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297:Revenue per Lawyer (RPL, US$ )
67:Blake Cassels & Graydon LLP
63:Osler Hoskin & Harcourt LLP
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1217:
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268:The American Lawyer Global 200
207:Cassels, Brock & Blackwell
1:
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224:until it was replaced by the
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1135:Big Four law firms (Japan)
689:Canada's Largest Law Firms
306:Number of Equity Partners
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705:Total Number of Lawyers
111:Sullivan & Cromwell
1299:. The American Lawyer.
1315:Law.com International
1265:. The Globe and Mail.
1227:. The Globe and Mail.
1213:. The Globe and Mail.
922:Norton Rose Fulbright
55:McCarthy Tetrault LLP
211:Kirkland & Ellis
151:Kirkland & Ellis
135:Latham & Watkins
59:Stikeman Elliott LLP
27:with offices across
1383:Law firms of Canada
1115:Silver Circle (law)
273:The American Lawyer
1110:Magic Circle (law)
315:Number of offices
300:Number of Lawyers
87:The Globe and Mail
50:The Globe and Mail
1125:Big Six law firms
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75:Chambers Global
45:Thomson Reuters
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21:Seven Sisters
1360:. Retrieved
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1194:. Retrieved
1190:
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1169:. Retrieved
1164:
1154:
726:Québec City
692:
656:290,433,000
610:363,537,800
564:388,815,000
548:2000 merger
518:474,120,000
502:2000 merger
472:519,300,000
426:534,979,100
380:582,300,000
334:669,240,000
288:Global Rank
285:Canada Rank
271:
235:
226:Magic Circle
219:
84:
69:." In 2014,
42:
20:
18:
1339:Gowling WLG
1167:. Postmedia
848:Gowling WLG
675:Toronto, ON
587:Toronto, ON
583:Calgary, AB
277:Gowling WLG
183:Gowling WLG
167:Freshfields
1388:Neologisms
1377:Categories
1362:2022-12-20
1320:2022-12-20
1248:2022-12-20
1196:2022-12-20
1146:References
717:Vancouver
429:1,043,000
337:1,073,000
232:Membership
723:Edmonton
714:Montréal
309:Leverage
175:Bloomberg
91:Bloomberg
85:In 2015,
80:Torys LLP
25:law firms
1171:4 August
1104:See also
1069:Stikeman
812:McCarthy
720:Calgary
708:Toronto
659:589,000
613:772,000
606:Stikeman
567:847,000
521:637,000
475:624,000
383:880,000
376:McCarthy
343:921,000
258:Stikeman
250:McCarthy
246:Goodmans
199:McCarthy
195:Stikeman
958:Dentons
711:Ottawa
629:Toronto
537:Toronto
491:Toronto
445:Toronto
399:Toronto
353:Toronto
165:), and
39:History
885:Blakes
775:Fasken
468:Fasken
330:Blakes
260:, and
242:Davies
238:Blakes
213:, and
203:Davies
187:Blakes
179:Fasken
127:Blakes
103:Davies
29:Canada
1283:(PDF)
1032:Osler
702:Name
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640:1952
594:1922
456:1862
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410:1855
364:1856
291:Name
262:Torys
254:Osler
191:Osler
159:Torys
95:Osler
1173:2017
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616:471
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585:and
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