Did you know, I did not, that of the top 50 Asian law firms, Australian headquartered law firms occupy seven of the top ten, sixteen of the top fifty, spots? You can find the source data here.
Now some might argue that this is in fact a bad thing! However, it is part of our competitive base in looking to our future in Asia.
Two very different things contribute to our current base.
The first is the size and sophistication of the Australian economy. The second may surprise you. Nearly all the top global law firms come from common law countries.
It's not that common law countries are more litigious, although that may be the case. Rather, common law is good at dealing with things that are uncertain, evolving. And that's just the current position in international cross-jurisdictional law.