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Given the number of western firms that have tapped Australia for a tie-up over the past couple of years, you’d be forgiven for thinking that by now the country must be sucked dry of independent practices open to mergers. Not so.
Serial acquirer K&L Gates has confirmed that it is the latest in a long, long line of firms to discuss a merger with an Aussie mate (see story). The US firm is in talks with Middletons, a Melbourne-based firm with an estimated £74.5m turnover and 213 lawyers. K&L Gates’ turnover, meanwhile, is reportedly £636.4m and the firm has around 1,700 lawyers. So, there’s no prizes for guessing what the name of the combined firm will most likely be.