The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Clifford Chance partners Down Under are walking along Bondi Beach screaming “strewth” this morning after hearing the worst news to hit the island (look, it’s Jubilee weekend so we’ll call it what we like) since Harold Bishop went missing.
The magic circle giant has emerged as the only UK firm with an Australia presence not to be listed on the government’s slashed legal panel, which has given coveted places to the likes of Allen & Overy, Ashurst, Norton Rose, DLA Piper and a splash of local firms.
We’re all sick of the old quip about didgeri-due diligence, but surely Clifford Chance should have spent a little more time on tender pitches and less on cricket pitches when it launched in Oz last year. After all, the Aussie government spent £425.8m on legal expenses in 2010-11, including around £180m to law firms. Ten firms earned 89 per cent of these fees, with DLA snatching around £20m and Norton Rose (formerly Deacons) roughly £8m.
There is a slight reprieve: the Australian government will assess new applications twice a year, with the next deadline set for this September. Given that the panel covers work for all government agencies and, with 68 members, basically includes the great and the good of the Australian legal market, Clifford Chance will surely want to try again next time.