Industry fund legalsuper has captured 30 per cent of the legal market following the acquisition of two funds.
The $142 million Victorian Bar Superannuation Fund and legal firm Blake Dawson's corporate superannuation fund have merged with legal profession superannuation fund legalsuper.
The merger boosts legalsuper's funds under management to more than $1.1 billion with more than 36,000 members.
The fund estimates it has now captured about 30 per cent of the legal profession superannuation market.
Legalsuper chief executive Andrew Proebstl has flagged further acquisitions.
"We will be looking at acquiring more funds. Mergers are an ongoing strategy for our fund," Proebstl said.
"But these things take time and at this stage we are simply involved in some early discussions with a number of funds."
In the past nine years, seven superannuation funds in the legal sector have merged with legalsuper.
"The more legalsuper grows, the better placed we are to deliver the particular products and services demanded by the legal profession," he said.
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