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
Norton Rose nabs trio of Corrs partners

Norton Rose nabs trio of Corrs partners

Three corporate partners from Corrs Chambers Westgarth have joined Norton Rose for its international network, reigniting discussion on the viability of large independent firms.

The head of Corrs’ private equity practice, Richard Lewis (pictured), has returned to Norton Rose after a 10-year absence. He will join the global firm’s Sydney office, along with fellow private equity partner Steve Johns and Iain Laughland, who specialises in capital markets.

Lewis told Lawyers Weekly that, like the Australian legal market, his practice is globalising and being part of an international firm like Norton Rose can offer opportunities that are not available at a domestic firm like Corrs.

“An increasingly large proportion of investments made in Australia by private equity firms are being made by offshore firms, and more clients are taking businesses offshore and expanding into Asia,” he said.

“A global offering presents new opportunities in a competitive market and we can also tap into [Norton Rose’s] global networks and contacts.”

Lewis said it remained to be seen whether Corrs’ independent firm model would succeed in a globalising legal market. “Fewer firms are following that approach and it certainly has its risks,” he said, pointing to growing demand from multinational corporations for a ‘one-stop shop’ of legal services.

Professional services consultant Ted Dwyer told Lawyers Weekly in February that large domestic firms are under threat, with recently-merged global firms more likely to snap up premium work from big corporates.

“Large domestic firms run the risk of losing income because they’re no longer as attractive to international companies as the global firms,” Dwyer said.

Lewis also cited Norton Rose’s tie-up with US heavyweight Fulbright & Jaworski, due to take effect in June, as having influenced his decision to join the firm. He said US private equity clients are becoming increasingly active in the Australian market, with a growing number of international corporations setting up in Australia to take advantage of growth prospects in the Asia-Pacific.

Being part of a global network will also help to attract overseas pension funds, continued Lewis. He explained that large pension funds in Europe, for example, are investing directly in Australian projects and are familiar with the Norton Rose brand.

Prior to joining Corrs in 2003, Lewis was a partner with legacy firm Deacons and helped set up the firm’s private equity practice group.

Norton Rose merged with Deacons in 2009.

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

Norton Rose nabs trio of Corrs partners
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 ...
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'...
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...
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 & ...