Alternate firm opens fourth Australian office

By Justin Whealing|26 February 2014

AdventBalance has opened an office in Brisbane.

The firm, which has abolished the billable hour and places lawyers on its books in secondments to clients at a fixed rate and length in time, has added Brisbane to its domestic offerings in Sydney, Perth and Melbourne.

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“This year, we will focus on consolidating and growing our offering for both international and national businesses, and Brisbane will play a key role in our expansion plans,” said Ken Jagger (pictured), the firm’s chief executive.

AdventBalance also has offices in Singapore and Hong Kong.

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The firm has been able to fund its push into Brisbane on the back of a 25 per cent increase in revenue for FY13.

Speaking to Lawyers Weekly last year, Jagger, a former partner at Herbert Smith Freehills, said that law firms need to adapt to clients that have significant cost pressures.

“For existing Australian top-tier firms, it's the risk that niche global entrants and high-quality boutiques pose to both their client base and talent pool,” he said.

AdventBalance has around 130 lawyers throughout its network.

Alternate firm opens fourth Australian office
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