Australian Legal Firms

In fact, many companies see opportunities in a potential economic downturn, with a slowdown in economic activity likely to lead to more trade disputes, sales of distressed assets, and a resulting resumption of M&A activity. We work with an international mindset and our Australian team works closely with colleagues in DLA Piper`s global network in over 40 countries. We focus on transparently providing a global «one-stop shop» for our clients` legal needs and have a proven track record delivered in the highest quality and consistency expected by our clients. NDAs are used by law firms, large corporations and start-ups. They are almost all the same, but can waste valuable time that lawyers, in-house legal teams, and founders could spend on more important and strategic work. Prior to 2012, the following firms were generally considered the Big Six (listed alphabetically)[12] Since the 2012 changes and due to the expansion of other competing law firms, the Australian legal landscape has been increasingly characterised by the concept of world-class law firms. [7] The main law firms are Allens, Ashurst, Clayton Utz, Corrs Chambers Westgarth, Gilbert + Tobin, Herbert Smith Freehills, King & Wood Mallesons and MinterEllison. [8] [9] [10] [11] The majority of the six law firms were among the 100 largest law firms in the world. In terms of revenue, these were: Overall, the market is still dominated by the Big Six, including Allens, Clayton Utz, Ashurst, Gilbert + Tobin, King & Wood Mallesons and Herbert Smith Freehills – all large companies that combine the banking force with extensive expertise. International players like Baker McKenzie have a strong foundation, particularly in transactional work and the growing technology space, while companies like White & Case and Clifford Chance continue to expand their presence.

A number of national companies, including Johnson Winter & Slattery, Minter Ellison and Corrs Chambers Westgarth, are also strong performers, often challenging the traditional Big Six for leading mandates. In 2020[update], Australia`s leading law firms are (listed alphabetically):[34][35][36][37] While other regions were slowing down their hard-earned profit gains, Australia – which certainly experienced a slowdown from the previous year – experienced a year-over-year pace that remained extremely stable throughout the year, despite a decline in Q4. Taken together, these factors suggest that the Australian legal market has good reason to continue to see itself as a beacon, as a guide on how large modern law firms can cope with such crises. London-based Magic Circle with offices in Australia, Clifford Chance and Allen & Overy, are not considered part of the same group as leading Australian law firms. Following mergers and association agreements announced in 2012 and 2013, Freehills and Blake Dawson are now part of the UK-based Silver Circle firms, while Allens now signs an association agreement with a law firm Magic Circle. After these major changes in the Australian legal scene, the term Big Six is less widely used, and blue-chip law firms are now the preferred descriptor of Australia`s largest and most profitable law firms. [8] [13] However, this resilience has recently shown some signs of collapse, as the legal world has been plagued by new uncertainty over inflation, international conflicts, and a deep lack of legal talent. This time, as law firms around the world began to weather another storm, the Australian legal market was no exception. Some of these predecessor companies were also leading companies in the Asia-Pacific region in general. In 2007, Allens Arthur Robinson, Clayton Utz, Freehills and Mallesons Stephen Jaques were the top five Asia Pacific companies in mergers and acquisitions, ahead of Magic Circle`s Linklaters. [17] Business Review Weekly (BRW) listed these firms in its tables of the top 500 private companies based on gross revenue:[18] In the Australian fiscal year 2011/2012, the most profitable law firms were:[19] MinterEllison is an international law firm headquartered in Australia and is considered one of the leading law firms in the Asia-Pacific region.

Our teams work together in Australia, New Zealand, Asia and the UK to achieve exceptional results. The report shows that despite the current turbulent business conditions, the fundamentals of the Australian legal market are solid, with record growth pushing revenue growth to 10.0% for the 2022 financial year, even with a slowdown in demand in the second half of the year.