find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Real Estate & Projects Lawyer (6+ years PAE)
Category: Property Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier firm with offices nationally · High profile clients
View details
More global firms on horizon

More global firms on horizon

Magic circle firm Linklaters is “monitoring market developments” in Australia, but has refused to comment on whether the firm’s plan to axe up to 70 partners from its European offices is a precursor to a merger with an Australian firm.

The Lawyer reported yesterday (17 January) that the global firm is planning to cull up to 70 partners under an equity “restructure”.

When contacted by Lawyers Weekly, a spokesperson for Linklaters’ Asian offices said the firm would not comment on whether the downsizing - which it would also not confirm - was in preparation for a possible merger with an Australian firm.

“Linklaters has a large Australian client base and we do a lot of work for international clients in relation to Australia,” said the spokesperson. “We work closely with all the leading Australian law firms. We are monitoring market developments but we have not altered our approach to the Australian market.”

In December, Lawyers Weekly spoke to Allens Arthur Robinson chief executive partner Michael Rose about the possibility of the blue-chip firm merging with a global firm. He said he would be meeting with firms Allens knows well “on a weekly basis”, and that included Linklaters.

“What people sometimes forget is that for major European and US firms, we have many clients in common, so we talk to them a lot,” said Rose. “The idea that people from Allens are meeting people from Slaughers, Linklaters, Freshfields or Cravath, Swaine & Moore is an everyday occurrence.”

Industry speculation is rife that Linklaters is looking to secure an Australian tie-up, along with magic circle firm Herbert Smith.

Legal Week reported yesterday (17 January) that Herbert Smith and Freehills are in preliminary talks about a merger, with the firms engaged in “exploratory discussions”.

However, the parties are staying tight-lipped about any official plans, with a Freehills spokesperson telling Lawyers Weekly late last year that the firm does not “comment on speculation”.

 

Like this story? Read more:

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

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

More global firms on horizon
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
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 & ...