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Editorial

Overview

New Zealand has been described as a ‘rock-star economy’ because of its rapid growth compared to other developed economies. The rebuild of Christchurch – for which the government has now allocated NZ$15.4bn of an estimated NZ$40bn – and strong investment flows from Asia, particularly into the agricultural sector, are strong drivers of growth. The country remains the world’s biggest exporter of dairy products, which attracts the interest of countries such as China that are seeking to achieve food security. With their ability to tap into strong regional footprints, DLA Phillips Fox and Minter Ellison Rudd Watts are well positioned to capitalise on these investment flows.

The market dominance of elite firms Bell Gully, Chapman Tripp and Russell McVeagh is increasingly being challenged; Simpson Grierson (now the largest firm by headcount) is among the leading firms in areas such as employment and intellectual property. In other news Anderson Lloyd has opened an office in Auckland with a team of nine lawyers from Russell McVeagh.

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