Australia’s Freehills signs Chinese alliance

The arrangement between the two firms is non-exclusive agreement and will see them work together on deals as preferred co-counsel.

Freehills has developed close ties with a number of People’s Republic of China (PRC) clients including sovereign wealth fund Chinese Investment Corporation (CIC).

During the summer the firm advised the sovereign wealth fund on its AUS$200m (£104.5m) participation in property company the Goodman Group’s finance facility with Macquarie Bank.

The move comes after PRC firm TransAsia entered into an alliance with Tokyo firm TA Lawyers GKJ in February.

Last month Bird & Bird formed an alliance with Beijing IP boutique Xiang Kung Law Firm, with the aim of strengthening its contentious capabilities in China (21 August 2009).

Lovells has a two-year-old alliance network with a group of Chinese firms, aimed at capturing work generated across the Chinese market as well as out-bound mandates (3 September 2007).

Australian firm Gilbert & Tobin formed an alliance with PRC firm King & Wood in 2007 (8 November 2007).