CC circles Gilbert & Tobin to fulfil Aussie strategy

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  • Although a little on the small side, Gilbert & Tobin is a great firm and would provide Clifford Chance with an excellent entrée into the burgeoning Australian market.

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  • G+T have a formal alliance with Blakiston & Crabb in Perth, a top-notch boutique resources firm, which - if they come on board too - may make it even more attractive to CC.

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  • Really quite a random mid tier choice. Not exactly going to bolster CC profits or reputation.

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  • No doubt that CC will move in, much to Mallesons disappointment.

    In some respects, smaller firms like G&T, Corrs and JWS are better aussie prospects for magic circle firms as although as the merger would not be one of equals although the aussie firms have good clients.

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  • You have to wonder who on earth is advising CC in Australia. These options are lame. G + T provide no depth outside Sydney and the other supposed targets are too small. Corrs is a possibility, but at the same time, there are numerous other options CC could take to hit the ground running.

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  • Quote - "You have to wonder who on earth is advising CC in Australia. These options are lame. G + T provide no depth outside Sydney and the other supposed targets are too small. Corrs is a possibility, but at the same time, there are numerous other options CC could take to hit the ground running."
    This is exactly why CC would be looking at G+T. Does any magic circle firm really want an office in Brisbane or Adealide? Doubtful.

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  • You have it wrong, Anon. Sydney isn't enough. The international players need a presence in Sydney, Perth, Melbourne and possibly Brisbane to target the resources sector, as well as to provide an integrated network across Australia.

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  • G&T, JWS, Blakes or Corrs would be logical foreign takeover choices. G&T has excellent rep in Sydney but no presence in crucial resources markets (unless Blakistons joins up). Blakes has very strong resources practice esp. in Brisbane and Perth but its Sydney/Melb presence is weaker. Corrs has become very profitable, with good M&A practitioners but question is whether it has the client links (which presumably a firm like Clifford Chance would bring). In each cases, the firms wouldn't challenge the supremacy of the European partners. Mallesons, Allens or Freehills are too established for it to be a 'merger of equals'.

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