Australia’s 35 largest law firms took in a combined total of more than $6 billion during the 2011-12 fiscal year, according to a recent report by Australian business periodical Business Review Weekly.
The revenue rankings come on the heels of a year that has seen four of the country’s “Big Six” firms pursue major strategic initiatives with overseas rivals. In the latest of those moves, partners at Australia’s Freehills and London-based Herbert Smith approved in June a merger that will create a 2,800-lawyer firm under the name Herbert Smith Freehills that is set to go live as of October 1.
