Australian firms are facing a tough time trying to grow. Faced with huge competition from the UK and US firms, many are finding that establishing specialist niche practices in Asian countries such as China is their best bet, writes Helen Mooney
August 28, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
“On the UK firms’ merger radar I would say that we come after the US, Canada and even South Africa,” says one managing partner of a top six Australian law firm.
The statement underlines the dose of economic realism that Australia’s ‘golden circle’ have had to swallow in the past year or so. This has indeed become a theme among Australian lawyers who see themselves as a very small cog in the international legal wheel.
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