Categories:Australasia

A&O launches in Australia

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  • This is going to lead to a profound shake up of the very crowded (and cosy) Australian legal market.

    A&O have just rolled-out the model, and kudos to them for that.

    Why merge with a 200 partner Australian law firm when you can just poach from among the top people in the most lucrative practice areas.

    The next two years are going to see things really shaken up. Watch this space.

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  • Looking at the list of hires from CU, it seems structured capital markets and derivatives will be a major focus for A&O Sydney.

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  • Many people say that Australia is a booming economy. But what about China, I say?

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  • Aussie Aussie Aussie - A&Oi... Oi... Oi...

    Plenty more of 'magic' this to come too. Look out South America, Scandanavia and the rest of the US.

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  • To "Don't Go to Shepherd's Bush": whether it's more or less, it will still be around half the amount as the number of Brits in Sydney. Fool.

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  • If you can count them (as in the Australians) then it's not "more or less" it's "more or FEWER"

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  • @ Tired.
    RE xenophobia - I don't think there was any implication that he was actually scared of Australians, he probably just doesn't like them very much.

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  • ...and did we mention India?

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  • Exciting move by A&O. Thomas Brown is a visionary.

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  • First - this will not impact A+O profit wise because they will cap what their partners earn and they will not have to pay their staff same rates as in UK. Despite what many people in the UK think the top Australian firms operate at excellent margins above 40% (I know as I was a partner at one). Second, this move is not about Japan (as some suggested above) it is about providing (in relative terms) a lower cost platform that can provide high quality lawyers in reasonable bulk to support A&O in China, Indonesia, Singapore and India - it provides perfect funnel to move quality lawyers to these offices at much lower cost than resourcing from the UK. And if anyone knew the region they would also know that China investment in Australia is growing by the day and resource sector is key - what better way to grab a lot of China outbound work than to have a good operation in Beijing and Shanghai and a good sizeable "real" office in OZ.

    I think it is an exceptionally smart move.

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