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Editorial

Overview

New Zealand is heavily reliant on agricultural exports and the fall in commodity prices has therefore impacted the country’s economy. Infrastructure projects continue to fuel growth however the multibillion-dollar rebuild of Christchurch after the earthquakes of 2010 and 2011 is reaching the peak of its construction phase.

In the legal market, the firms traditionally regarded as the local elite – Bell Gully, Chapman Tripp and Russell McVeagh – have strong brands and remain dominant in many practice areas, though in sectors such as corporate and employment law there is growing room for boutique practices to flourish. The newest niche practice is corporate firm Flacks & Wong formed by two lawyers from Bell Gully. Simpson Grierson, one of the market leaders in employment and intellectual property, is the largest firm by headcount.

DLA Piper New Zealand and Minter Ellison Rudd Watts are well positioned to handle the flow of international capital into the country, particularly from Asia. Anderson Lloyd has steadily increased its profile nationally, particularly in real estate and projects, following the opening of its Auckland office in 2014. Anthony Harper is the fastest growing firm and is now among the 10 largest.

 

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