Ashurst prepares for October vote over Oz merger

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  • Really think the timing of the financial merger is a less than perfect one...

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  • Very odd timing. The legal industry in Aus is in recession, with their two major papers (AFR/The Aus) yesterday reporting on lay-offs over the past 12 months (circa 10% at big firms, both partners and non-partners). Things will only get worse as mining capex declines, with experts now speculating a national recession in 2014 or 2015. Add to that the rising quid, and one is baffled how the PEPs could possibly equalise within the next half-decade at least.

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  • I bet Freehills are busy taking notes...

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