King & Wood Mallesons: Difference between revisions
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| practice_areas = General practice |
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| key_people =[[Wang Junfeng]]<br>(Global Chairman)<br>Zhang Dongqing<br>([[Communist Party of China|Party]] Head Branch Secretary)<ref>井冈山干部学院 (Jinggang Mountain Cadre Academy (2011). [http://www.celaj.gov.cn/html/shnews/ssnews/2011/0407/2683.html |
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《人民日报》刊发:金杜律师事务所党性锻炼专题培训班顺利结业] [= Published by [[People's Daily]]: King & Wood Mallesons Party qualities exercise special topic training class completes successfully]. Retrieved 13 May 2013.</ref><br>Stuart Fuller<br>(Global Managing Partner)<br><br>Stephen Kon<br>(Co-Deputy Chairman)<br>Stephen Minns<br>(Co-Deputy Chairman) |
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| revenue = $1 billion<ref name="revenue">[http://www.mallesons.com/publications/mediaReleases/2013/Pages/KING--WOOD-MALLESONS-AND-SJ-BERWIN-CONFIRM-COMMENCEMENT--OF-THE-FIRST-GLOBAL-LAW-FIRM-HEADQUARTERED-IN-ASIA.aspx Press release]</ref> |
| revenue = $1 billion<ref name="revenue">[http://www.mallesons.com/publications/mediaReleases/2013/Pages/KING--WOOD-MALLESONS-AND-SJ-BERWIN-CONFIRM-COMMENCEMENT--OF-THE-FIRST-GLOBAL-LAW-FIRM-HEADQUARTERED-IN-ASIA.aspx Press release]</ref> |
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| date_founded = 2012 (by merger) |
| date_founded = 2012 (by merger) |
Revision as of 11:47, 2 January 2014
Headquarters | The Landmark Hong Kong |
---|---|
No. of offices | 30 |
No. of attorneys | 2,700+ lawyers |
Major practice areas | General practice |
Key people | Wang Junfeng (Global Chairman) Zhang Dongqing (Party Head Branch Secretary)[1] Stuart Fuller (Global Managing Partner) Stephen Kon (Co-Deputy Chairman) Stephen Minns (Co-Deputy Chairman) |
Revenue | $1 billion[2] |
Date founded | 2012 (by merger) |
Company type | Four partnerships (Swiss Verein structure) |
Website | www.kwm.com |
King & Wood Mallesons (KWM, simplified Chinese: 金杜律师事务所; traditional Chinese: 金杜律師事務所; pinyin: Jīndù Lǜshī Shīwùsuǒ) is a multinational law firm. The firm is headquartered in Hong Kong and comprises four separate partnerships with 30 offices across Asia, Australia, Europe, the Middle East and North America. KWM is the largest law firm headquartered outside of the United Kingdom or United States.[3] In 2012-13, the firm's total global revenue was estimated to be AU$1 billion,[2] with profit per equity partner of $1.08 million in Australia,[4] and £565,000 in the UK.[5]
History
King & Wood Mallesons formed on 1 March 2012 as a combination of Chinese firm King & Wood PRC Lawyers and Australian firm Mallesons Stephen Jaques, following votes in November 2011.[6][7] The firm uses a Swiss Verein structure, and has four financially independent partnerships: Australia, Europe and the Middle East, Hong Kong, and mainland China (including the US and Japan offices).[8]
Mallesons Stephen Jaques
Mallesons Stephen Jaques was considered one of the Big Six law firms in Australia. The "Mallesons" part of the firm's name comes from one of the Melbourne founding partners - Alfred Brooks Malleson. Malleson was born at Richmond Hill, on the Surrey side of the Thames in 1831. As a 25-year-old London solicitor, Malleson borrowed £10 from his uncle to go to Melbourne, in 1856. Malleson was a leading practitioner. His obituary in The Argus in 1892 recorded that his expertise was especially "in company law and in the banking business. Several of the associated banks entrusted their legal affairs to the firm, as well as a large number of leading insurance and other companies, so that Mr Malleson had always as much as he could do". In 1858, the firm (then called "Muttlebury Malleson and Coster") handled the legal work to establish The National Bank of Australasia, which remains one of the firm's key clients as the present-day National Australia Bank.
The "Stephen" part of the firm's former name, Mallesons Stephen Jaques, comes from the Sydney founder - Montague Stephen. He was the second son of Sir Alfred Stephen who was Chief Justice of the Supreme Court of New South Wales from 1844 to 1873. Montague Stephen founded the Sydney practice in 1849. One of his earliest (1853) clients was the "Australian Mutual Provident Society". Today AMP Limited remains one of the firm's key clients. The "Jaques" part of the firm's name comes from a second "Alfred" - Alfred Jaques. He became a partner of the Sydney firm in 1878. In 1888 the firm's name changed to Stephen Jaques & Stephen - the name which continued until the 1980s.
In 1974, Stephen Jaques & Stephen merged with Davies Bailey & Cater of Canberra. This firm had been established in 1926 - predating the opening of the Federal Parliament in Canberra. Soon after, in 1976, the firm established its London office. In 1982, Stephen Jaques & Stephen merged with Stone James of Perth. The merged firm was called "Stephen Jaques Stone James". Stone James had been established in 1832 by a third "Alfred" - Alfred Stone, Western Australia's first solicitor. The merger reflected the growing importance of the vast mineral resources of Western Australia and its large offshore energy projects.
In 1987, Stephen Jaques Stone James merged with Mallesons. The firm subsequently adopted the name of "Mallesons Stephen Jaques". At the time of the merger, Stephen Jaques Stone James - one of the leading Sydney based firms - had 79 partners and 251 solicitors (a total of 330 lawyers) and Mallesons - one of the leading Melbourne based firms - had 37 partners and 83 solicitors (a total of 120 lawyers). The 1987 merger was driven by an assessment that Sydney, Australia's international business centre and largest city, and Melbourne, the traditional home to many of Australia’s major corporations and financial institutions, had become one legal market. This had happened as a result of advances in telecommunications and computer technologies. In addition, it was felt that the merger of the two firms - with their similar cultures and backgrounds, and with many shared clients - would give the firm the necessary depth of legal talent, and the level of technological and know-how support, to be able to assist key clients internationally, as well as in Australia. The merger enabled the firm to look after clients in Sydney, Melbourne, Perth and Canberra.
Mallesons Stephen Jacques established its Hong Kong office in 1989, and Beijing office in 1993. The firm also established an alliance with Posman Kua Aisi Lawyers of Port Moresby, Papua New Guinea in 1995. In 2004 the firm strengthened its Beijing resources by taking on some lawyers and support staff from the former local office of Denton Wilde Sapte. Later that year Mallesons merged with the Hong Kong and Shanghai corporate boutique Kwok & Yih
King & Wood PRC Lawyers
King & Wood was among the first law firms established in the People’s Republic of China during the modern era. In 1993, King & Wood’s founding partners were still working with a state-sponsored organization, the China Council for the Promotion of International Trade, when the central government permitted private ownership of law firms, allowing them to create the firm.
The name of the firm is an example of Western-oriented marketing by a Chinese firm. There is no "Mr King" or "Ms Wood" among the founders of the firm, the names having been chosen for their "ear appeal" among prospective Western clients. The corresponding portion of the Chinese name is 金杜 ("Jin Du"), which likewise do not refer to a specific "Mr Jin" or "Mr Du".
The firm’s clients included Citigroup, China Life, Wal-Mart, PetroChina, Bank of China, the Beijing Organizing Committee of the 2008 Summer Olympics.[9] Prior to merging with Mallesons Stephen Jacques, King & Wood maintained an alliance with Australian law firm Gilbert + Tobin.[10][11]
SJ Berwin
In 2013, King & Wood Mallesons and British-headquartered law firm SJ Berwin announced that from 1 November 2013 SJ Berwin would merge with King & Wood Mallesons by joining the Swiss Verein as a fourth member.[12]
SJ Berwin was founded by lawyer Stanley J. Berwin along with 15 lawyers in 1982.[13] It was driven forward by Berwin until his death in 1988,[14] after which he was succeeded by Christopher Haan. In 1992, leadership of the firm was handed over to David Harrel, who led the firm for 13 years. Harrel oversaw SJ Berwin's strategy of European expansion. The management of the firm passed to fund formation partner Jonathan Blake in 2005, who took on the senior partner role alongside existing managing partner Ralph Cohen. During 2009 the firm opened three new offices in Hong Kong, Dubai and Shanghai. In 2010 Ralph Cohen stood down as Managing Partner and was replaced by Rob Day, who took office in November 2010.
Post-merger, SJ Berwin changed its name to "King & Wood Mallesons", but it trades for a transitional period as "King & Wood Mallesons SJ Berwin" in Europe and the Middle East.
Offices
King & Wood Mallesons has 30 offices across Asia, Australia, Europe, the Middle East and North America.
Main practice areas
- Banking and finance
- Competition and antitrust law
- Mergers and acquisitions
- Employment law and industrial relations
- Energy, resources and projects
- Government and public law
- Insolvency and restructuring
- Intellectual property
- International trade and investment
- Investment management
- Litigation and dispute resolution
- Real estate, construction and environment
- Securities and capital markets
- Taxation, superannuation and pensions
- Telecommunications, media, entertainment and technology
Pro bono
King & Wood Mallesons has a dedicated human rights group[16] and, in conjunction with the Ted Noffs Foundation, provides free legal advice for people aged from 14 to 25.[17]
Recognition
Recent awards won by King & Wood Mallesons include:
- 'Regional Firm of the Year' and 'Australian Firm of the Year' at the 2013 International Financial Law Review's Asia Awards.[18]
- Named as one of the world's leading mergers and acquisitions firms for 2013 by Who's Who Legal.[19]
- 'Law Firm of the Year' at the 2013 Australian Banking & Finance Magazine Awards.[20]
- 'International Law Firm of the Year' at the 2012 The Lawyer Awards.[21]
- Highest-ranked Chinese law firm by Japanese corporate legal departments in the December 2013 Nihon Keizai Shimbun survey.[22]
Notable cases and transactions
Australia
- Successfully defended Macquarie Infrastructure Investment Management Ltd against a writ of prohibition in Truth About Motorways v Macquarie.
- Represented Gina Rinehart in her protracted litigation against Rose Porteous.
- Unsuccessfully defended former Treasurer of New South Wales Max Willis against suspension from the New South Wales Legislative Council in Egan v Willis.
- In Australian National Airways Pty Ltd v Commonwealth, the firm successfully defended Australian National Airways against forced nationalisation by the Australian Government.
- Successfully challenged the conferral of state jurisdiction on the Federal Court of Australia in Re Wakim; Ex parte McNally .
- Advised Glencore and Xstrata on their merger.[23]
China
- Advised on the initial public offering of PetroChina, which was then the largest IPO in Chinese history, allowing the company to temporarily become the highest valued company in the world at over US$1 trillion.[24][25]
Alumni
The following list includes people who have worked or consulted for King & Wood Mallesons, or its predecessor firms:
Judicial appointments
- Federal Court of Australia
- Supreme Court of New South Wales
- Ashley Black
- Julie Ward
- Reginald Ian Barrett
- David Davies
- Nigel Rein
- Lucy McCallum
- Richard White
- Henric Nicholas
- Patricia Bergin
- Supreme Court of Victoria
Politics
- National Committee of the Chinese People's Political Consultative Conference, People's Republic of China
- Wang Junfeng, Communist Party of China delegate
- Australian House of Representatives
- Paul Fletcher, Member for Bradfield
- Josh Frydenberg Member for Kooyong
- John Howard, Chairman of the International Democrat Union and former Prime Minister of Australia
- Peter Costello, Chairman of the Independent Advisory Board to the World Bank and former Treasurer of Australia
- Australian Senate
- Bob Carr, Senator for New South Wales and Minister for Foreign Affairs[26]
- Matt Thistlethwaite, Senator for New South Wales
- House of Commons of the United Kingdom
- Jonathan Djanogly, Member for Huntingdon
- Victorian Legislative Council
- Jenny Mikakos, Member for the Northern Metropolitan Region
- David O'Brien, Member for the Western Victoria Region
Community and public service
- Gillian Triggs, President of the Australian Human Rights Commission
- Belinda Gibson, Deputy Chairman of the Australian Securities and Investments Commission
- Cheryl Bart, Board member of the Australian Broadcasting Corporation
- Christopher Roper, Director of the St James' Institute
Business
- Jack Rodman, Shanghai-based property advisor and consultant
- David Coe, Founder of Allco Finance Group
- Piers Linney, CEO of Outsourcery
Academia
- Joellen Riley, Dean of Sydney Law School
- John Humphrey, Dean of Queensland Institute of Technology's Law Faculty
- Ian Ramsay, Harold Ford Professor of Commercial Law at Melbourne Law School
- Rosamund Grady, CEO of the Centre for International Finance and Regulation at the University of New South Wales
- Caron Beaton-Wells, Director of the Competition Law & Economics Network at Melbourne Law School
- Margaret Somerville, Samuel Gale Chair in Law at McGill University
References
- ^ 井冈山干部学院 (Jinggang Mountain Cadre Academy (2011). [http://www.celaj.gov.cn/html/shnews/ssnews/2011/0407/2683.html 《人民日报》刊发:金杜律师事务所党性锻炼专题培训班顺利结业] [= Published by People's Daily: King & Wood Mallesons Party qualities exercise special topic training class completes successfully]. Retrieved 13 May 2013.
- ^ a b Press release
- ^ http://www.thelawyer.com/king-and-wood-mallesons/414856.supplier?storycode=3003344#crumbtrail
- ^ Australian Financial Review (2013). King & Wood Mallesons. Retrieved 10 November 2013.
- ^ Legal Week (2013). SJ Berwin-King & Wood Mallesons merger gets green light creating $1bn global giant. Retrieved 10 November 2013.
- ^ Financial Times (2011). Australian law firm votes for Chinese merger. Retrieved 28 November 2011.
- ^ The Lawyer (2011). King & Wood and Mallesons plan for post-merger globalisation. Retrieved 28 November 2011.
- ^ The Lawyer (2012). King & Wood and Mallesons iron out confidentiality issues ahead of merger. Retrieved 1 March 2012.
- ^ see the Chambers Global Editorial 2010.
- ^ Australian Financial Review, "Mallesons firms up Asian link", 7 October 2011, p. 20.
- ^ The New Lawyer (2011). Mallesons, China's King & Wood, plan alliance. Retrieved 7 October 2011.
- ^ KING & WOOD MALLESONS AND SJ BERWIN COMBINE TO CREATE FIRST GLOBAL LAW FIRM HEADQUARTERED IN ASIA. 2013-07-31
- ^ Chambers Student Guide 2012
- ^ The Lawyer
- ^ SJ Berwin eyes Riyadh launch post King & Wood Mallesons Merger. The Lawyer, 28 October 2013.
- ^ http://www.mallesons.com/community/Pages/HumanRights.aspx
- ^ http://asklegal.com.au
- ^ http://www.thelawyer.com/news-and-analysis/events-and-awards/king-and-wood-mallesons-wins-regional-firm-of-the-year-at-2013-iflr-asia-awards/3001949.article
- ^ http://www.thelawyer.com/news-and-analysis/practice-areas/corporate/whos-who-legal-recognises-king-and-wood-mallesons-as-world-leading-ma-practice/3001627.article
- ^ http://www.mallesons.com/publications/mediaReleases/2013/Pages/King--Wood-Mallesons-crowned-Law-Firm-of-the-Year-at-AB-F-awards.aspx
- ^ http://www.thelawyer.com/the-lawyer-awards-mishcon-de-reya-brick-court-scoop-top-prizes/1013087.article
- ^ "企業が選ぶ弁護士ランキング 企業法務1位は中村氏". Nihon Keizai Shimbun. 16 December 2013. Retrieved 16 December 2013.
- ^ http://au.legalbusinessonline.com/site-search/kwm-scores-twice-in-xstrata-and-glencore-merger/108128
- ^ Now, From China, the World's Biggest Company - U.S. News & World Report
- ^ SEC Info - Petrochina Co Ltd - SC 13E3/A - Jilin Chemical Industrial Co Ltd - On 12/23/05 - EX-99.(C).5
- ^ Bob Carr is included in his list by virtue of his role as consulstant to Mallesons Stephen Jaques (as it then was) from 2006-2012: Senator the Hon Bob Carr – Parliament of Australia