Australian law firms have traditionally aligned themselves with the US or the UK and they’re structured not to turn on a dime. That’s why the merger between Australia’s Mallesons Stephen Jacques and Hong Kong’s King & Wood is so significant. It doesn’t just mark a game-changing legal merger that forms the largest firm outside the US or the UK, but heavily underlines the growing importance of China and Australia’s proximity to it. Meanwhile, Nine Entertainment chief executive David Gyngell is reportedly set to win big if the network’s hedge fund lenders can get owner CVC Asia Pacific out of the way. Meanwhile, Yanzhou Australia is thinking bigger is better in 2012 when it comes to its expected float, Tox Free Solutions has made it two acquisitions in as many days by snapping up assets from Dolomatrix and Sir Ron Brierley’s return to the ring has hit a snag.
Mallesons Stephen Jacques, King & Wood