Nice article from Lawyers Weekly on the challenges facing the large Australian firms published this week (see here). Even more fuel on the fire comes from ALB Magazine with their analysis of the "Hottest Australian Firms to Watch in 2011" (here). Two of the top three in the "watch list" being Allen & Overy and...wait for it...Clifford Chance. We predict that a repeat of Allen & Overy's successful entrance model (the wholesale partner raid) will be seen soon in 2011. Change is inevitable in a market where "we'll be alright mate" won't cut it for too much longer - watch this space for the inevitable rise of the "Global Panel" approach from in-house legal.
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