Freshfields Bruckhaus Deringer LLP (informally Freshfields, or FBD), founded in 1743 is a multinational law firm headquartered in London and a member of the Magic Circle of elite British law firms. Freshfields is the oldest firm within the Magic Circle and is reported to be the oldest international law firm in the world. Its origins can be traced back to the early 18th century when it was appointed solicitor to the Bank of England. It continues to advise the Bank of England today. Freshfields is the top ranked law firm for European, UK and Asia-Pacific M&A. As of 2015, it is the only magic circle firm to feature in the top five law firms in the world by deal value and is the highest ranked law firm by value in European M&A. In Thomson Reuters' UK M&A charts for 2014, Freshfields closed 91 transactions worth over $118 billion, over 50% more by value than the second ranked law firm.