Data from Thomson Reuters already shows that Australia deals have risen by 42 per cent so far this year in comparison with 2014. A higher level of M&A activitiy is being fed by London, New York and various parts of Asia. The large global law firms are increasingly chasing multi-practice, cross-border work which is also higher margin. 

Chinese regulation

The main difficulty that multi-nationals are facing relates to Chinese compliance said  Mr Damian, now involved in the Aus$1.3b takeover of Australian food manufacturer Goodman Fielder by Wilmar International and First Pacific. He said: 'Chinese approvals are increasingly required on lots of deals and people would be surprised at the application of those rules.' Source: Lawyers Weekly