Australian Family Lawyers enters into an agreement to acquire leading Melbourne Family Law Firm Kordos Lawyers

Excerpts from ASX Announcement: The Board of AF Legal Group Ltd (ASX: AFL) (Company or AFL) is pleased to announce that it has today signed a binding heads of agreement to acquire 100% of the assets of Kordos Lawyers (Kordos Lawyers). For the last 16 years, Berger Kordos has been a leading Melbourne Family Law Firm when they demerged from a National firm. Due to the retirement of the Berger Kordos partnership, Bill Kordos has continued the work and tradition of Berger Kordos under his firm Kordos Lawyers. The firm has offices in the Melbourne CBD and will merge 6 […]

2021-21 NSW Budget: Law and justice funding will have last impact

Law and justice funding announced in the 2021-22 NSW Budget will have a real impact on the lives of people who come into contact with the state‚Äôs justice system, including those impacted by family and domestic violence, people with a mental illness, Indigenous people, children and young people. President of the Law Society of NSW, Juliana Warner, commended the NSW Government for providing funding in the 2021-22 NSW Budget that aims to reduce the pressures on the justice system in the long term. Ms Warner welcomed the additional $60 million over two years to strengthen frontline domestic and sexual violence […]

A career of mastering legal technology – starting with Wang

Gloria Crittenden was just 16 years old when she joined Maurie and Ray Stack 50 years ago at their fledgling Taree law firm. She was freshly graduated from TAFE’s secretarial course and became Maurie Stack’s junior legal assistant. But Maurie recognised that Gloria had a talent for technology and assigned her the task of introducing the first computer into the office. Read more here

Wave of LegalTech IPOs

In one month three significant IPOs have progressed in Australia and the US. In Australia, the $3.3 billion PEXA float is about to take place. In the US, LegalZoom and Intapp are moving towards their respective IPOs.¬† Last year in Australia there was Nuix and thedocyard (now Ansarada). An IPO signifies the end of one phase and the beginning of a new phase for a company. Sometimes the new phase is not simple or smooth. thedocyard had to ‘merge’ with Ansarada to achieve scale. Nuix’s share price is significantly lower than its IPO price, although it is still capitalised at […]

Halo Group Holdings Acquires Leading Regulatory and Compliance Firm, The Fold Legal

Official announcement: Hamilton Locke‚Äôs holding company, Halo Group Holdings Pty Ltd (Halo Group) is excited to announce that it has acquired leading regulatory advisory firm,¬†The Fold Legal Pty Limited. Halo Group is the holding company of corporate law firm Hamilton Locke, outsourced company secretarial and governance business Emerson CoSec, outsourced legal counsel and HR services business, Source, and leading trade mark registration business, MacMillan Trade Marks. ¬†¬† The Fold Legal is a specialist industry-focused firm, providing regulatory, corporate and commercial advice to financial services and credit businesses nationally. Their unique offering combines deep industry knowledge with a commercial approach, supporting […]

UK Free Trade Agreement and Legal Services

Law Council President, Dr Jacoba Brasch QC: ‚ÄúThe announcement that the UK and Australian governments have agreed on the broad outlines of an Australia-UK Free Trade Agreement (FTA) is welcomed by the Law Council of Australia. The FTA will confirm that both Australian and UK lawyers can practise as foreign lawyers and provide arbitration, mediation and conciliation services in the other jurisdiction using their home qualifications and title. The Law Council, in a submission to the Department of Foreign Affairs and Trade (DFAT) and in subsequent meetings with the department, discussed ways in which the FTA can facilitate two-way mobility […]

From Chef To Legal Tech CEO – Taylah Allen’s Story Of Success

triSearch CEO, Taylah Allen, shares her ‘secret sauce’ of how she moved from the hospitality industry to the CEO of an award-winning legal tech company, all before the age of 25.¬† In a recent interview with the career specialist, David Woolstencroft of Novum Learning, Taylah Allen, triSearch CEO, has revealed her story of success. Starting her career as Chef and moving into a junior role in corporate business, it took Taylah a little over 5 years to reach the C-suite, learning from some of the best in a market-leading tech firm. Taylah quickly rose the ranks in Sales, selling legal […]

In the $3.3 billion PEXA float – practitioners combined total investment to be limited to only $30 million

The PEXA IPO is underway with an expected ASX listing date of 5 July 2021. The prospectus is now available at http://www.pexa.com.au/ipo¬† The prospectus share price is $17.13.¬† $1.175 billion will be raised in the IPO, valuing the company at $3.3 billion. Based on FY22 PEXA forecasts, this $3.3B is the equivalent of 30.8 x EBITDA or 154.6 x net profit after tax. Only $30 million worth of shares are being made available to Eligible Practitioners. Details are outlined in the prospectus. The tiny proportion allocated to practitioners will at least minimise the industry’s financial losses if the share price […]

Old people are our future

Tapping into Australia‚Äôs ageing workforce: insights from recent research The share of the workforce aged 55+ has more than doubled from 9% in 1991, to 19% in 2021, led by women re-entering work in mid-life and delaying retirement. By 2050, workers aged 55 and over are expected to make up about 40% of the adult population in Australia. A new research brief ¬†‚Äď Tapping into Australia‚Äôs ageing workforce: Insights from recent research ‚Äď ¬†published by the ARC Centre of Excellence in Population Ageing Research (CEPAR) presents the newest research insights and trends about Australia‚Äôs ageing workforce, in anticipation of the […]

Global software company Bundledocs expands into New Zealand market

Bundledocs, the cloud-based document bundling software provider, has officially announced its launch into New Zealand. Working primarily with the legal sector, the move to this new market comes as global demand for Bundledocs software increased¬†¬†by 40% over the past year, with businesses increasingly turning to digital and remote solutions.¬†¬† Bundledocs‚Äô¬†e-bundling solution streamlines the document creation process for lawyers and support staff, creating professional fully indexed, hyperlinked, and sectioned electronic bundles.¬†The company has also announced a range of new features that will help customers comply with the latest New Zealand Superior Courts¬†protocols, significantly reducing the time and manual processes needed to […]