In a law firm career the way to the top is sideways

The idea of going lateral – or in normal language, switching firms – is not new. However, there might have been a time when switching from one firm to another, especially as a partner, raised eyebrows. Moving from one firm to another is now so normal that it has become the most common appointment to partnership. Here is the data to prove it The January 2019 AFR Law Partnership survey provided startling statistics. In the survey, 35 law firms reported appointing new partners. Of the 146 new partners, 90 were lateral hires and 55 were internal promotions. 62% of new […]

The most stressed out law firm in America or maybe the most realistic

A psychologist is in attendance at Hogan Lovells, two days a week in its Washington office and one day in its Baltimore office, reports Bloomberg Law. The role of the psychologist is to provide counselling and advice to the law firm’s staff. The psychologist, Dr George Wheeler has been working with law firms since 2006. He says that he has never seen a law firm where stress wasn’t high. If Dr Wheeler’s perception is correct, then that would make Hogan Lovells resident psychology service to staff is a case of accepting reality rather than being marked as America’s most stressed out […]

Same old, same old: Is this all there is in the life of a law firm?

By Peter Frankl Another year spins around. You’re getting the work; you’re doing the work and you’re getting paid. Well done but is that all there is in the life of a law firm? Of course not! 2019 could be the year to take a risk; do something differently; experiment, learn and maybe score big financially. But before we get too carried away, let’s pay our respects to the basics of legal practice. In a professional services business, nothing beats getting the basics right, such as: Anticipating and responding to client needs Getting your pricing right – whether fixed fee […]

Shine Lawyers makes investment in major family law firm

Shine Corporate Ltd (the Company) has announced the expansion of its family law practice through the acquisition of a majority interest in Carr & Co Divorce & Family Lawyers Pty Ltd (Carr & Co), which has practised in all areas of family law in Perth since being established by William Carr in 1995. As well as obtaining a significant position in the WA family law market, the acquisition is notable because it is an acquisition of 80% of the shares and not 100% which has been the norm for listed law firm acquisitions. No doubt the other 20% shareholding will […]

PEXA’s monopoly threatens competition and innovation says GlobalX CEO

One of Australia’s largest legal and conveyancing technology providers, GlobalX, is expressing concern that PEXA is taking advantage of its monopoly position in the Australian property industry. GlobalX chief executive Peter Maloney said boundaries need to be enforced on PEXAs activities. “In the absence of a proper regulatory framework, PEXA is free to do what it wants. The company was handed a gift by the Council of Australian Governments (COAG) to establish an Electronic Lodgement Network (ELN) and in the absence of any real regulation is well and truly capable of abusing this gift,” Mr Maloney said. “PEXA’s recent statement […]

This online court resolved 592 disputes in one month

The Civil Resolution Tribunal, or CRT, is Canada’s first online tribunal. The CRT currently resolves small claims disputes Can$5,000 and under, and strata property of any amount. On April 1, 2019, the CRT will also resolve motor vehicle accident claims Can$50,000 and under. For the month of October 2018, the CRT received 485 new disputes, very close to the average of 478 new disputes per month since April 2018. It completed a high number of disputes in October (592), resulting in a net reduction of 107 outstanding disputes. Outstanding disputes have been reduced by 226 since the end of June 2018. […]

The Market-Defining Aussie Law Firm Mergers of 2018

2018 was an exceptional year of merger activity amongst medium sized firms. In hindsight, the 2017 merger of Henry Davis York with Norton Rose Fulbright could have been seen as an early warning of the merger wave that was to follow in 2018.    In January 2018 we learned that TressCox would merge with HWL Ebsworth. The TressCox name ceased to be used. Read more. In early March 2018 it was announced that McCabes Lawyers and Curwoods Lawyers had agreed to merge on 1 July 2018. The firm is now known as McCabe Curwood. Read more. On 30 April 2018 the name […]

The Practical Guide to Finding Your Next Legal Job

By Jason Elias. No doubt you have worked hard to get where you are today. Achieving the required education and qualifications takes years of dedication and late nights. Life’s too short to be in a job you don’t enjoy. This holiday season is a great time to take stock of your career. Without the pressure of doing the work, you can make a considered strategic decision on your next career move. Taking the time to properly plan your legal career will have a significant impact on your long term career trajectory. The good news is that in Australia the legal […]

Legal Aid NSW hands out twenty seven thousand matters to private lawyers

Legal Aid NSW provided representation in 39,385 matters last financial year (17/18).  Of those matters, 12,351 were provided by in-house Legal Aid lawyers and 27,034 were delegated to private practitioners.  The number of matters delegated to private practitioners increased by 6.5% compared to the previous year however the funds allocated to private practitioners decreased by 1.5%. This would imply that more smaller matters are being outsourced to private practitioners or that the funds allocated to each matter has been reduced. In addition to the 39K matters, Legal Aid provided 197,038 Duty Lawyer services, of which 120,296 were handled by in-house […]

And then there were two – ASX listed IP firms

Qantm Intellectual Property Group and Xenith IP Group Limited will merge. Rival, IPH Limited also approached QANTM but was rejected. QANTM and Xenith will merge through an all-scrip scheme of arrangement whereby Xenith shareholders will receive 1.22 QANTM shares for each Xenith share they hold. The pro forma market capitalisation of the merged group will be approximately $285.2 million. On completion of the Transaction, QANTM and Xenith shareholders will own 55% and 45% respectively of the Merged Group. The merger creates with 349 professionals in Australia, New Zealand and Asia. The Merged Group has a FY18 pro forma EBITDA of […]