Clifford Chance To Open in Australia
February 21, 2011 by Damian
I have written a couple of blogs about Magic Circle firm Clifford Chance’s desire to establish a presence in Australia and after a few years of courting and woo-ing of a number of firms, they have finally taken the plunge and have acquired two boutique corporate firms, one in Sydney and one in Perth, who will become Clifford Chance in May 2011 –
http://www.lawyersweekly.com.au/blogs/top_stories/archive/2011/02/16/clifford-chance-enter-australia.aspx.
This is huge news for the Australiasian legal market, coming on the back of Norton Rose and Allen & Overy’s entry into the market last year and DLA Piper finally bringing DLA Phillips Fox Australia into its family earlier this year.
I have read a number of articles on the potential impact of these firms coming to Australia and the general consensus is that these few firms may be just the beginning because where one goes, most of the rest are sure to follow as was the case in Asia, Central Europe and the Middle East.
Watch this space!