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.
Norton Rose Fulbright has axed 30 jobs across its Australian offices, in a move that took effect earlier this month (14 November).
A total of 12 fee earners and 18 support staff were affected, but the firm is yet to disclose which offices and practice areas are involved.
The firm said the raft of redundancies are a response to local market conditions.
A spokesperson commented: “Like other professional services firms in Australia, we have responded to changes in the local market. We will continue to concentrate on our primary areas of growth: financial institutions, energy, infrastructure, mining and commodities, transport, technology and innovation, and life sciences and healthcare.”
A number of recently-merged firms have made redundancies in Australia over the past year. Last December Ashurst made an undisclosed number of job cuts in reaction to poor market conditions (13 December 2012), while DLA Piper’s partner headcount dropped from 114 to 107 between July 2012 and July 2013. King & Wood Mallesons also reportedly made a number of staff redundant in Australia in May.
Over the course of the 2012/13 financial year, Ashurst Australia, Clayton Utz and King & Wood Mallesons saw turnover fall by 2.4 per cent, 4.1 per cent and 3.2 per cent respectively.