Ashurst LLP

It has 31 offices in 15 countries apart from the United Kingdom, across Asia, Australia, Europe, the Middle East and North America, and employs around 1,600 legal advisers.

[5] The firm also has practices in other areas including investment funds, antitrust, energy, transport and infrastructure, intellectual property, IT, dispute resolution, financial services, tax, real estate, regulatory, telecommunication and employment.

[8] After rebranding as Ashurst LLP in 2003, the firm was faced with profits lagging its peer group and the risk of a contracting work force.

The firm was also able to make more progress in building up its core M&A practice, in particular improving its investment banking links, and dealing with quality problems in its foreign network.

The credit turmoil that gripped financial markets in the summer of 2007, which became a full-blown banking crisis and recession the following year, had a substantial impact on Ashurst's core practice lines.

From the early years, these two firms played a significant part in the legal system in Victoria and New South Wales, with a substantial commercial, litigation and property practice.