Interesting Articles – Australia and Ireland
July 5, 2010 by Damian
In this job, I read a lot of articles about the world of legal practice. The vast majority are reasonably dull but I came across a couple this morning which I found to be very interesting.
The first one relates to the Irish legal market. I found this interesting, not only because it relates to my home country, but also because it highlights the ever changing nature of legal practice and contrary to what was thought a year or so, the continuing global outlook of many firms.
http://www.thelawyer.com/1004872.article
It seems as if many firms are not going to retrench and concentrate on their home jurisdictions in the face of the GFC. Instead they will continue to look overseas for new revenue streams and opportunities to expand and grow. From talking to some of my friends in legal practice in Ireland, there is a fear that the market as it currently stands is unsustainable. It will be very interesting to see what effect these new players will have.
The second article of interest comes from the Australian edition of Rollonfriday –
http://www.rollonfriday.com/AussieWeek/AustralianNews/tabid/336/Id/739/fromTab/335/Default.aspx
This concerns the on/off/on/off/on/off talks between UK heavyweights Clifford Chance and Australian giants Mallesons. This has been going on for longer than anyone cares to remember but it looks like it could be finally heading up the aisle to the altar. However, the technical arrangements outlined in this article would lead one to believe that it is more likely to end up in a messy divorce than a happy ever after fairytale.
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