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It's more your positioning relative to the Atlantic Ocean- I don't think it's correct to say the work itself is less sophisticated
I always thought: White Shoe = New York style swagger, Magic Circle = London style swagger
I would like to see a visual of this
The color of their shoes? And wizarding ability?
Magic circle firms are bigger, pay less, and do less sophisticated work as a rule
Magic Circle refers to the London headquartered big firms (A&O, Linklaters, Clifford Chance, Freshfields and Slaughter & May). White shoe referred to the old line WASP dominated law firms that have been around for 100+ years.