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A&O to make seagulls out of top-tier

The top end of the Australian legal market will become so competitive with the arrival of Magic Circle firm Allen & Overy that top-tier firms will become "like seagulls fighting over chips",…

user iconLawyers Weekly • 10 February 2010 • NewLaw
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The top end of the Australian legal market will become so competitive with the arrival of Magic Circle firm Allen & Overy that top-tier firms will become "like seagulls fighting over chips", according to Sparke Helmore managing partner Jesse Webb.

 
 

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Speaking to Lawyers Weekly Wednesday, Webb said the market for legal services, particularly within the mining and resources, corporate and M&A sectors in which Allen & Overy intends to operate, will become even more competitive.

"It's a tight market as it is with the top eight firms. There is only so much work to go around so I think it will certainly place some pressure on those firms operating in that area," he said.

Webb's comment is in contrast to those offered by many top-tier firms, whose general sentiments have reflected a lack of concern in relation to their market position and client retention.

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