On Monday, 8 February 2010, Magic Circle firm Allen & Overy sent shockwaves down the Australian legal profession by announcing that it would shortly open offices in Sydney and Perth. With 17 founding partners already announced, 14 of them from Clayton Utz, the firm's imminent arrival will drastically change the local and international legal services sector.
Lawyers Weekly will present the latest news and analysis on the Allen & Overy announcement as it happens. Check back here for developments and expert commentary.
We're all by now well acquainted with the fact that Allen & Overy will soon be just another firm in the Australian legal vernacular, but is London prepared to take Australia seriously? Angela Priestley writes
Clayton Utz has announced the appointment of key leadership positions, and declared that it will continue to promote and rehire in the wake of Allen & Overy's raid on its partner ranks.
The top three law firms in Australia appear confident they will retain their market positions in the legal segment, despite yesterday's announcement that Magic Circle firm Allen & Overy will soon be competing for the same work.
Partners and associates might be ready to jump ship for more lucrative opportunities potentially on offer at Allen & Overy
Sparke Helmore has announced the appointment of four Clayton Utz lawyers - including a partner - to its Canberra office, just 24 hours after Clayton Utz revealed it had lost 14 partners to UK firm, Allen & Overy.
Allen & Overy has flagged the prospect of further aggressive hiring as it seeks to consolidate its launch into the Australian market, following a 14-partner raid on Clayton Utz's corporate stable announced Monday.
The arrival of Allen & Overy will shake up the legal game in Western Australia, Perth-based lawyers told Lawyers Weekly.
Clayton Utz has confirmed today that 14 of its partners have resigned to join incoming UK Magic Circle heavyweight Allen & Overy, which has announced ambitious plans to enter the Australian market.