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	<title>Beaton Blog &#187; Legal</title>
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		<title>Headline: A risky first for Herbert Smith?</title>
		<link>http://www.beatonglobal.com/blog/2012/02/headline-a-risky-first-for-herbert-smith/</link>
		<comments>http://www.beatonglobal.com/blog/2012/02/headline-a-risky-first-for-herbert-smith/#comments</comments>
		<pubDate>Sun, 05 Feb 2012 00:11:39 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Professional Services]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[#lawfirmmergers]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1244</guid>
		<description><![CDATA[Beaton Capital&#8217;s analysis indicates that Herbert Smith has never done a merger of any size to enter a new country. Let alone one with a firm the size of Freehills http://amlawdaily.typepad.com/amlawdaily/2012/02/herbert-smith-confirms-merger-talks-with-freehills.html.  The London silver circle firm has 19 offices in 14 countries, all opened by Herbert Smith and not by merger, as far we are [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>It&#8217;s not just another acquisition</title>
		<link>http://www.beatonglobal.com/blog/2012/02/its-not-just-another-acquisition/</link>
		<comments>http://www.beatonglobal.com/blog/2012/02/its-not-just-another-acquisition/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 23:58:19 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Professional Services]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[#Slater&Gordon]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1238</guid>
		<description><![CDATA[Some in the general business media are asking what the acquisition of the UK&#8217;s Russell Jones Walker by Slater &#38; Gordon is all about. Surely, these commentators say, this is just another everyday acquisition, the more interesting aspects of which are the valuation and investors&#8217; early responses. I disagree. My reasons are set out in [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What&#8217;s Slater &amp; Gordon&#8217;s UK acquisition mean?</title>
		<link>http://www.beatonglobal.com/blog/2012/01/whats-slater-gordons-uk-acquisition-mean/</link>
		<comments>http://www.beatonglobal.com/blog/2012/01/whats-slater-gordons-uk-acquisition-mean/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 06:04:10 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[#alternativebusinessmodels]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1233</guid>
		<description><![CDATA[On January 28th The Economist speculated it might happen Psst, wanna buy a law firm?. Then the tweeting started within minutes of the ASX announcement late in the afternoon on Monday 30 January. By early evening AEST the UK&#8217;s Legal Week had the story: Courtesy of the UK&#8217;s Legal Services Act, Slater &#38; Gordon had made [...]]]></description>
		<wfw:commentRss>http://www.beatonglobal.com/blog/2012/01/whats-slater-gordons-uk-acquisition-mean/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is it too late to lock up your daughters?</title>
		<link>http://www.beatonglobal.com/blog/2012/01/is-it-too-late-to-lock-up-your-daughters/</link>
		<comments>http://www.beatonglobal.com/blog/2012/01/is-it-too-late-to-lock-up-your-daughters/#comments</comments>
		<pubDate>Sat, 21 Jan 2012 02:01:03 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Professional Services]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[#globalising law firms]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1215</guid>
		<description><![CDATA[It was a Perth band, End of Fashion that adapted the lyrics Don’t Delay, Lock Up Your Daughters from the 18th century London comedy about the naive Hilaret who left the protection of her father&#8217;s house to elope with Captain Constant. She charges Ramble, a ladies&#8217; man, with rape and in turn her maid charges [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Why American law firms will accelerate Asian strategies</title>
		<link>http://www.beatonglobal.com/blog/2012/01/why-american-law-firms-will-accelerate-asian-strategies/</link>
		<comments>http://www.beatonglobal.com/blog/2012/01/why-american-law-firms-will-accelerate-asian-strategies/#comments</comments>
		<pubDate>Sun, 08 Jan 2012 04:41:52 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[#lawfirmsAsia]]></category>
		<category><![CDATA[#lawglobal]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1195</guid>
		<description><![CDATA[It&#8217;s clear that the pace of globalisation by US law firms will accelerate. Data from the US Department of Commerce reveals several compelling insights (see http://bea.gov/ for the many easy-to-use data sets). The legal sector&#8217;s real value added (a proxy for revenue) is in secular decline and is lower now than it was in 2000. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Comment on ALB Fast 10 in Australia</title>
		<link>http://www.beatonglobal.com/blog/2011/12/commennt-on-alb-fast-10-in-australia/</link>
		<comments>http://www.beatonglobal.com/blog/2011/12/commennt-on-alb-fast-10-in-australia/#comments</comments>
		<pubDate>Wed, 21 Dec 2011 01:13:11 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Professional Services]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[#alternative business structures]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1158</guid>
		<description><![CDATA[Beaton&#8217;s recent &#8216;Bigger. Better. Or Both?&#8217; First Movers seminar analysed the merits of size and growth (Bigger) versus focusing on clients&#8217; needs (Better) and being rewarded for success. In this context it&#8217;s interesting to note that of the 10 firms recognised by ALB only half are conventional (ABL, H&#38;W, MO, WH, WK). The others are [...]]]></description>
		<wfw:commentRss>http://www.beatonglobal.com/blog/2011/12/commennt-on-alb-fast-10-in-australia/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Appreciating Australia&#8217;s place in the Asian Century</title>
		<link>http://www.beatonglobal.com/blog/2011/12/appreciating-australias-place-in-the-asian-century/</link>
		<comments>http://www.beatonglobal.com/blog/2011/12/appreciating-australias-place-in-the-asian-century/#comments</comments>
		<pubDate>Tue, 20 Dec 2011 02:29:21 +0000</pubDate>
		<dc:creator>Eric Chin</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Professional Services]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1145</guid>
		<description><![CDATA[“Whoever is first in the field and awaits the coming of the enemy will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted” Sun Tzu, The Art of War Sun Tzu’s quote best captures the advantages of being the first mover. The Asian Century [...]]]></description>
		<wfw:commentRss>http://www.beatonglobal.com/blog/2011/12/appreciating-australias-place-in-the-asian-century/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2012, a year of danger for law firms</title>
		<link>http://www.beatonglobal.com/blog/2011/12/2012-a-year-of-danger-for-law-firms/</link>
		<comments>http://www.beatonglobal.com/blog/2011/12/2012-a-year-of-danger-for-law-firms/#comments</comments>
		<pubDate>Sun, 18 Dec 2011 21:10:39 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1140</guid>
		<description><![CDATA[Whether you sense straws in the wind or read tea leaves, there can be no doubt 2012 will see more change for Australian law firms than any previous year. Combine tougher economic times–forecast by more than 50 managing partners in Beaton&#8217;s Commonwealth Bank-sponsored research–with competitive aggression, the rise and rise of alternative business models (LPOs, [...]]]></description>
		<wfw:commentRss>http://www.beatonglobal.com/blog/2011/12/2012-a-year-of-danger-for-law-firms/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Are large Australian law firms obsolete?</title>
		<link>http://www.beatonglobal.com/blog/2011/12/are-large-australian-law-firms-obsolete/</link>
		<comments>http://www.beatonglobal.com/blog/2011/12/are-large-australian-law-firms-obsolete/#comments</comments>
		<pubDate>Tue, 13 Dec 2011 04:27:28 +0000</pubDate>
		<dc:creator>Eric Chin</dc:creator>
				<category><![CDATA[Beaton Benchmarks]]></category>
		<category><![CDATA[Legal]]></category>
		<category><![CDATA[Professional Services]]></category>
		<category><![CDATA[client-rated performance]]></category>
		<category><![CDATA[International legal market]]></category>
		<category><![CDATA[performance]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1100</guid>
		<description><![CDATA[For the 39 largest law firms in Australia, there is no correlation between size (number of partners) and client service excellence (as measured in 2011 Beaton Benchmarks). R²=0.0076. In fact, smaller firms score highest as the accompanying chart shows. &#8220;But&#8221;, we hear largest firms arguing “we don’t compete with firms of under 50 partners&#8221;. When [...]]]></description>
		<wfw:commentRss>http://www.beatonglobal.com/blog/2011/12/are-large-australian-law-firms-obsolete/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New York Law Firm Leaders Forum shows challenges are universal</title>
		<link>http://www.beatonglobal.com/blog/2011/11/new-york-law-firm-leaders-forum-shows-challenges-are-universal/</link>
		<comments>http://www.beatonglobal.com/blog/2011/11/new-york-law-firm-leaders-forum-shows-challenges-are-universal/#comments</comments>
		<pubDate>Fri, 18 Nov 2011 21:31:49 +0000</pubDate>
		<dc:creator>George Beaton</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Professional Services]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[International legal market]]></category>

		<guid isPermaLink="false">http://www.beatonglobal.com/blog/?p=1089</guid>
		<description><![CDATA[On 16/17 November 2011 over 100 managing partners and chairmen of the largest law firms with origins in the USA met in closed session in New York. The themes were identical to those faced by firms in Australia, the UK and elsewhere: adverse economics, price-down client pressures, how to persuade workaday partners about the need [...]]]></description>
		<wfw:commentRss>http://www.beatonglobal.com/blog/2011/11/new-york-law-firm-leaders-forum-shows-challenges-are-universal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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