Mid-Tier Australian Firms On the Up says the Lawyer!

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The increasing number of partners joining mid-tier practices in Australia is a reflection of the strong growth recently ­witnessed in mid-market domestic work says Yun Kriegler from the Lawyer.

It also ­signals a ­structural change in the legal market Down Under.

The most recent and eye-catching personnel movement has involved international firm Norton Rose and Australian ­independent outfit Gadens.
In the middle of last month, the UK firm’s 13-member retail leasing team led by partner Cameron Cooling left to join Gadens in Brisbane. The departures marked the ­closure of ­Norton Rose’s Brisbane retail leasing practice.

Norton Rose Australia managing partner elect Wayne Spanner said this was a managed transfer of his firm’s high-volume ­leasing business in Brisbane to Gadens.
“It’s a part of our strategy of wanting to focus on high-end, complex real estate work,” said Spanner.

While top-tier firms, both newly entered global firms and traditional national leaders, are realigning their practices to reflect intensifying competition at the higher-end, established mid-tier firms are reaping the benefits and luring in quality partners.