Baker McKenzie is not going to be holding one other vote of its Australian partnership about integrating with the agency’s Asian follow.
A latest vote of the Australian partnership on monetary and administrative integration with the Hong Kong-headquartered Asian partnership fell wanting the 75% of companions required.
Whereas media stories advised the agency would maintain one other vote, a supply with information of the state of affairs stated the choice of integration wouldn’t be put to the companions once more following the defeat.
In Australia Baker McKenzie has round 70 companions in Australia, down from 87 firstly of final yr.
“The narrative that any partnership modifications we’re experiencing are associated to any inside discussions round international alignment is solely improper. Partnership actions happen for quite a lot of causes,” Baker McKenzie’s nationwide managing associate Anne-Marie Allgrove stated in an announcement.
“We proceed to carry out strongly yr on yr as evidenced by rising income, following on from double digit income progress in FY24, and main shopper mandates.”
She has beforehand said the drop in associate numbers is partly the results of generational shifts, the agency’s technique, efficiency points and the pure market attrition that different corporations are additionally going through.
Baker McKenzie, which is structured as a Swiss Verein, has been on a drive to extend international integration. Agency chair Milton Cheng, a Baker McKenzie lifer who joined in 1990 and has practiced in London, Singapore and Hong Kong, has pushed to get Baker McKenzie’s companions to work extra as a world staff, to lift the efficiency stage on the agency’s workplaces world wide to the identical excessive commonplace, and to financially combine the agency’s international workplaces as a lot as attainable.
