Australia’s Mallesons and China’s King Wood are joining together to create one of the world’s biggest law firms. The two firms’ partnerships voted on the move last week and it will become effective from March next year under the name Mallesons King Wood, according to a joint statement issued on Friday.
The deal is structured as a Swiss verein, which is a form of alliance that will allow the two firms to maintain distinct profit pools while offering more streamlined advice to clients through offices in Australia, Hong Kong and China. With more than 380 partners and 1,800 lawyers, the combined entity will be the biggest law firm in Asia...
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