Margo has surfaced as the likely candidate for the Australian Labor Party, according to The Australian, but a final decision will not be made until the nominations are made next month.

Similar to the other high-achieving lawyers also rumoured to be in the running, the barrister joins the race with the right credentials.

Called to the NSW Bar in 1983, after emigrating to Australia from South Africa in 1977, Margo obtained a Bachelor of Laws from the University of Witwatersrand in South Africa and, like Turnbull, was a Rhodes Scholar achieving a Master of Arts at Oxford University.

As the President of the NSW Board of Jewish Deputies, Margo is considered a strong candidate for the seat of Wentworth which has a large Jewish community.

The Australian also reports that Margo was an anti-apartheid activist in South Africa during the 1970s, having his passport suspended for five years.

Margo will provide some stiff competition for the likes of Slater & Gordon lawyer Steven Lewis who confirmed his intention to run for pre-selection earlier this month.

And with names popping up like Margo, Lewis, lawyer Gabrielle Upton and barrister Mark Speakman, it seems likely that the Wentworth seat will handover to yet another lawyer-turned-politician.