A merger of equals? Blake Dawson and UK firm Ashurst agree to tie the knot in an $800 million merger of their Asia Pacific practices this week.
Blake Dawson will adopt the Ashurst name. Both firms will full vote on a full merger of their remaining UK and Australian divisions in 2014.
Charlie Geffen, the UK manager of Ashurst, said that:
“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.”
The move underscores industry sentiment that growth in the Asian market is likely to outstrip the Northern American and European markets for the foreseeable future.
– SECTION EDITOR