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Successfully exporting Australia's legal services



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FOR IMMEDIATE RELEASE WEDNESDAY 4 MARCH

SUCCESSFULLY EXPORTING AUSTRALIA'S LEGAL SERVICES

Australia can capture a greater share of the international market in business law services and tap into potential export earnings, a new report from the Services Industries Research Program has found.

Releasing the report, "Australian Business Law Services" today, the Minister for Industry, Technology and Commerce, Senator John Button, said a key feature of the Program was that the research funded under the Program was private sector-led and reflected commercial priorities.

"This particular project was funded jointly by the Commonwealth and the Law Council of Australia with the aim of enhancing Australia's international competitiveness and potential export earnings in this area," he said.

Undertaken in co-operation with the Australian Coalition of Service Industries (ACSI), the report found the standard of Australian business law services compared favourably with other countries. It does, however,

suggest three specific measures to enhance Australia's international business law servicing capability. These are s

.more Australian lawyers should be encouraged to gain overseas accreditation; .foreign lawyers should be encouraged to locate their practices in Australia; and .the formation of multinational partnerships in

Australia should be allowed.

The report concludes that the adoption of these initiatives would be a major step in establishing Australia as a regional centre for business law services.

"A further five projects received funding under the Service Industries Research Program in 1990-91 and these will be released progressively over the next several months", Senator Button said.

"In addition, the Commonwealth will make available a further $270,000 under the Program for research into service sector issues. The allocation of funding to particular projects is currently being finalised."

ACSI Judith King (03) 663 2996

CANBERRA (NR315) Contact: DITAC

Rodney Bourke (06)276 1078

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