A recent article in The Times outlines the future growth prospects of the Australian legal market as demonstrated by A&O expansion as well as the Norton Rose merger with Deacons.
One interesting bit about the article includes the inference of Australia as a “ rival” to India as a “cost effective location for outsourcing international legal work”
While to date there has not been a significant push for outsourced legal services from Australia, it does appear to be geography of growing interest for UK and US firms facing downward pressure on their pricing structures.
At the very least, it remains just another sign of the increasingly globalised nature of legal services.
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