Ashurst Approves Full Merger with Australian Partners
Two years after first announcing a combination with Australia’s Blake Dawson, Ashurst will implement a full merger, including complete financial integration, on Nov. 1.
In September 2011, London-based Ashurst and the former Blake Dawson announced they would combine their Asia operations, with the latter firm rebranding itself under the Ashurst name. The Australian and U.K. partnerships would remain separate though the two firms said at the time that they planned to be fully integrated by early 2014.
They proved slightly ahead of schedule. In a statement released Thursday, Ashurst said the two partnerships—Ashurst and what was called Ashurst Australia—had gone ahead and approved a integration, creating a firm with 1,800 lawyers in 28 offices worldwide and revenues of $870 million.
Post-merger, the firm will use a single profit pool allocated on a managed lock-step system, as well as a single management structuring operating under the Ashurst brand.
Elections for the firm’s chairman, vice chairman, and a 14-member board of directors “will take place shortly,” Ashurt said in its statement.