When China’s King & Wood and Australia’s Mallesons Stephen Jaques announced their ground-breaking combination last year, one firm was conspicuously left out in the cold: Sydney-based Gilbert + Tobin, which had been in an alliance with the Chinese firm for the previous five years.
How’s it holding up? Just fine, it seems. The firm says its revenue grew from $127 million in 2010 to $146 million last year, representing a 15 percent increase. Moreover, the 239-lawyer firm has racked up a series of high-profile deals that has made others sit up and take notice. In recent, separate meetings in Australia with The Asian Lawyer, the heads of two other major firms both said Gilbert + Tobin could emerge as an Aussie version of London’s Slaughter and May, the Magic Circle firm that has largely eschewed global expansion to focus on building the most premium practice at home.
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