find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Mallesons, China's King & Wood, plan alliance

Mallesons, China's King & Wood, plan alliance

Mallesons Stephen Jaques is discussing a strategic alliance with a leading Chinese law firm KIng & Wood. _x000D_

MALLESONS Stephen Jaques is discussing a strategic alliance with a leading Chinese law firm KIng & Wood. 


The talks, first reported by Bloomberg this morning, have been confirmed by sources at both firms. 


Robert Milliner, Mallesons' Sydney-based chief executive partner, said in an email obtained by The Asian Lawyer that the firm had been exploring a number of possible alliances with firms around the world as part of a broader internationalization strategy. "We have spoken to King & Wood as one of a number of Asian firms," he said. 


"However, we continue to review the best option for the long term future success of our firm."


Beijing-based King & Wood said discussions between the firms had been "on-again, off-again" over the past several months. "Right now, they're on again," he told The Asian Lawyer. 


The proposed move underscores the growing integration of the Australian and Chinese economies. 


Chinese investment in Australia has fed a boom in natural resources. British law firms have been eager to capture that work, and Clifford Chance, Norton Rose and Allen & Overy have all opened offices here. 


King & Wood is reported to also be interested in doing work for Chinese clients looking for investments in Australia.


King & Wood has an existing relationship with Gilbert + Tobin, but it is understood this would be superseded by a Mallesons deal. 


Both Mallesons and King & Wood have around 1,000 lawyers, and Mallesons has built a substantial China practice in recent years, with offices in Hong Kong, Beijing, and Shanghai.


King & Wood told The Asian Lawyer that the possibility of a deal between the two firms range from a simple "best friends" referral agreement to a potentially more controversial pooling of resources into a financially separate entity operating in China under a Swiss Verein structure.


This structure could also allow King & Wood and Mallesons to operate jointly in China, despite official restrictions barring foreign law firms from practicing Chinese law. 

Like this story? Read more:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending


Mallesons, China's King & Wood, plan alliance
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Debate rises over Victorian judiciary attack
Jan 24 2018
Debate rises over Victorian judiciary attack
The Victorian Bar has become the latest to go on record condemning recent political attacks on the V...
Michelle Quigley QC
Jan 24 2018
Vic Barrister who helped stop major heritage redevelopment joins Supreme Court
Michelle Quigley QC, who assisted a coalition to oppose the redevelopment of St Heliers villa estate...
Building, construction
Jan 24 2018
Building for NSW coroner’s complex slated for early 2019
Efforts to relocate the state coroner’s facilities from Glebe to Lidcombe are on track, according ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...