Longstanding mid-tier law firm, DibbsBarker, will not be operating beyond 30 April 2018 after 17 of its partners announced they were joining Dentons.
The global heavyweight this morning announced it was acquiring 17 of DibbsBarkers' partners and other staff effective 1 May. Following the announcement, DibbsBarker revealed the loss of the partners will result in the law firm having to shut up shop.
A spokesperson from DibbsBarker told Lawyers Weekly that remaining partners are either retiring or pursuing other opportunities elsewhere.
"The client, practice and cultural synergies that exist between the two firms are significant, and the agreement reached with Dentons provides a wonderful opportunity for those joining to be part of a leading global firm," says the spokesperson.
"We thank all of our clients for their support of DibbsBarker over many years. We also thank our staff for each and every contribution they have made to our firm's success during its long history."
There are currently 25 partners at DibbsBarker, with 17 joining Dentons in partner roles. One of the 17 is joining Dentons in a director role.
Two of the remaining eight partners will be joining HWL Ebsworth.
The acquisition of the 17 DibbsBarker partners will strengthen Dentons' east coast presence in Australia.
The agreement will see Dentons add 10 new partners in Sydney, two new partners in Melbourne, and five new partners in Brisbane from 1 May 2018.
Ian Dardis (pictured), Dentons CEO Australia, says the addition of the DibbsBarker partners represents the group's strategic growth strategy in Australia.
"This acquisition will add further depth to our already significant financial services, real estate and corporate practices," says Dardis.
Business News Australia
Get our daily business news
Sign up to our free email news updates.