“红圈” means “red circle,” and “所” is short for “律所” (lǜsuǒ, meaning “law firm”). The idea of “red circle law firms” was first raised by Asian Legal Business (ALB), a top legal journal in Asia, in an article in 2014. Emulating the “magic circle,” which refers to an elite group of five London law firms with their focus on corporate and finance work, the red circle includes eight top Chinese law firms with the biggest annual revenues. These are KWM, Jun He, Fangda Partners, Jingtian & Gongcheng, Commerce & Finance, Global Law Office, Haiwen & Partners and Zhong Lun.
Nǐjiě zhǎodào mǎnyì de gōngzuò le ma？
Has your elder sister found her dream job?
Zhǎodào le，tā de xīn dōngjiā shì běijīng yījiā hóngquānsuǒ。
Yes, she has. Her new employer is a red circle law firm based in Beijing.