Ashurst and Blake Dawson have announced plans to combine their
businesses in Asia and merge their operations globally, creating a
new and powerful legal presence in the international market under
the Ashurst name.
Under the arrangements, Ashurst and Blake Dawson have agreed:
- To combine their businesses in Asia under the Ashurst brand;
- That Blake Dawson will rebrand as Ashurst in Australia; and
- To merge by 2014.
This follows a positive vote of both partnerships, which took place
on 23 September 2011.
Ashurst and Blake Dawson have a shared vision to build a premier
global law firm. At the outset, the firms will combine their
practices in Asia to offer scale, depth and reach in the fastest
growing region of the world. The combination will provide
significant opportunities and competitive advantages, building on
the firms' established stronghold in the energy & resources,
infrastructure and financial services sectors.
The Asia combination and rebranding of Blake Dawson is planned to
take effect by March 2012. The full merger is conditional on a
further vote of the partnerships. It is expected that the merger
will be considered in early 2014.
Charlie Geffen, senior partner of Ashurst, commented:
"There is a great deal of synergy between Ashurst and Blake Dawson
in terms of practice area expertise and growth strategy. This is an
exciting opportunity for two firms who share an ambition to develop
their business both in Asia and internationally. We are confident
that the initial combination will materially strengthen our
businesses in the Asia Pacific region and also allow us to create
significant momentum in achieving our goal of being among a small
group of premier global firms."
Blake Dawson's chairman Mary Padbury said:
"Ashurst and Blake Dawson see this as a significant opportunity to
take a bold step towards becoming one of the premier global law
firms which will lead the legal market in coming years. This is
also a first for an Australian top tier firm. Combining our
operations with a leading international firm will deliver
significant competitive opportunities for both businesses, a
greatly expanded international capability for our clients and
exciting career prospects for our people."
Geoffrey Green, who the
firms have appointed to chair the combined Asian business, said:
"Our firms have worked together successfully in Asia for nearly 10
years. This combination is a natural development of our
relationship, giving Ashurst scale and depth of resource in Asia
and providing our Blake Dawson colleagues with greater
international reach for their important client base. We both look
forward to full integration."
Ashurst - key facts
- Number of partners: 229
- Total number of lawyers: 915
- Office locations: Abu Dhabi, Brussels, Dubai,
Frankfurt, Hong Kong, London, Madrid, Milan, Munich, New York,
Paris, Rome, Singapore, Stockholm, Tokyo, Washington DC.
- Revenue 2011: £303 million / AUS$462 million
Blake Dawson - key facts
- Number of partners: 192
- Total number of lawyers: 828
- Office locations: Adelaide, Brisbane, Canberra,
Melbourne, Perth, Sydney, Shanghai, Singapore, Port Moresby, Tokyo
and an associated office in Jakarta
- Revenue 2011: AUS$380 million / £250 million