On 16 December 2011, King & Wood announced a combination with Australian law firm Mallesons Stephen Jaques. The tie-up will take effect on 1 March 2012.
With over 380 partners and 1,800 lawyers, King & Wood Mallesons will be the largest law firm in the Asia-Pacific region. The combination is driven by the desire to support clients who are seeking a streamlined service to help them to realize opportunities in Asia-Pacific markets.
The ground-breaking tie-up is the first significant amalgamation of a mainland law firm and a Western counterpart. Jerome Cohen, a Chinese-law professor at New York University School of Law, called the deal an “innovative accommodation to China’s restrictions on foreign firms’ law practice”.