K&L Gates to acquire Australian law firm, continue overseas expansion
By Thomas Olson
Published: Tuesday, Dec. 4, 2012, 10:06 a.m.
K&L Gates LLP said Tuesday it is acquiring a 300-attorney law firm in Australia, the latest deal in a trend toward law firm globalization.
The law firm, one of the largest in Pittsburgh, will expand its global reach to five continents by acquiring Middletons. The transaction, whose financial terms were not disclosed, is effective Jan. 1.
The deal marks K&L Gates' foray in Australia, where it will locate in four offices: Melbourne, Sydney, Perth and Brisbane. The firm, founded in Pittsburgh, has about 400 attorneys in Asia, about 300 attorneys in Europe and 30 attorneys in the Middle East or Brazil, along with about 1,500 lawyers in the United States.
“Our firm strategy is to align our business with the businesses of clients in an era of intense consolidation and globilization,” said K&L Gates Global Managing Partner Peter Kalis in an e-mail.
“Many of our clients do business globally, and they rightfully expect us to be there for them when and where they need us,” Kalis said.
Middletons will be renamed “K&L Gates.” The combination will bring K&L Gates' stable of attorneys to about 2,400 in 46 offices on five continents, including 190 lawyers in Pittsburgh.
The deal is also K&L Gates' second foreign acquisition this year. The firm acquired Marini Salsi Picciau Studio Legale, a boutique law firm in Milan, Italy, last February.
Expansion abroad by American law firms has been going on for about a decade, said Aric Press, editor in chief at ALM Media Properties LLC, which publishes American Lawyer newspaper in New York.
“The principal reason for it is firms have or want clients who have needs in multiple jurisdictions, and they want to be able to serve them at that end of the market,” Press said.
“Both K&L Gates and Reed Smith have expanded aggressively and successfully (abroad) in the last 10 to 15 years,” he said.
Reed Smith, based in Pittsburgh, in early October opened an office in Singapore, which it staffed with four attorneys. With offices already in Hong Kong, Beijing and Shanghai, Reed Smith says it has one of the largest legal footprints in Asia.
The firm has more than 1,700 attorneys in 23 offices worldwide, including 235 attorneys in Pittsburgh. Reed Smith opened its office in Shanghai, China's largest city, in July 2011. It also has offices in the Middle East and Europe.
Thomas Olson is a staff writer for Trib Total Media. He can be reached a 412-320-7854 or at email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Marcellus shale driller Noble Energy Inc. sinks roots into Pittsburgh
- ‘Fresher, different, lot more fun’ guide changes at Kings Family Restaurants
- Minorities crucial to filling Marcellus shale gas drilling jobs
- Dick’s Sporting Goods benefits from winter as 4Q profit rose 7%
- Profit falls at American Eagle Outfitters on sales decline, charges
- Sbarro again files for bankruptcy reorganization
- Stocks dip on gloomy data from Asia
- Diaper makers do due diligence
- Weather worsens McDonald’s sales struggles
- 1,500 Bangladesh factories set to be inspected by August
- Regular IRA or Roth? Pick either