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Australian gold: Opportunities for international law firms

The Australian legal market presents numerous opportunities for international law firms, says Andrew Radford

17 February 2015

In our previous article on international expansion for law firms, we looked at the USA as a destination for growth. This month, we are exploring Australia. Its position in the Indian and Pacific oceans, historic links with the UK and proximity to Asia gives it the unique position of straddling both Western and Asian markets.

Legal market

The Australian legal market, which is based on the UK legal framework, is worth approximately US$21bn and employs more than 100,000 people. Before the 2007 recession, the market was dominated by
six big law firms.

More recently, there has been interest in M&A activity with Australian firms from law firms across the globe and there has been a flurry of new mergers, strategic partners and boutique fir...

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