Herbies’ Australian tangle

Herbert Smith Freehills dominates this week’s headlines. First, the merged firm sent Sydney-based global corporate head Mike Ferraro to London on a mission to revamp legacy Herbies’ corporate department.

Then the firm’s litigation practice saw two partners exit for Quinn Emanuel Urquhart & Sullivan to launch its first move into the Australian market.

Most recently, The Lawyer revealed that legacy Herbert Smith issued a cash call of up to £20m to all equity partners aiming to boost its capital structure to bring it into line with its Australian merger partner Freehills.

Undoubtedly, both sides need to sort out a few challenges ahead of their full financial integration but both are moving toward that unified goal.

Looks like the tie-up between the firms is having the desired effect.

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