The reputation executioner

When a lawyer’s name is mentioned in a disciplinary matter, it is often made newsworthy regardless of the seriousness of the breach. The internet algorithms become the final executioners and the lawyer’s reputation is shot to pieces. In Australia, the professional bodies and disciplinary boards do a decent job of building a barrier against the search engines but it is only a matter of time until there their walls will be breached. Why publish names at all if they don’t come up easily in a regular Google search?  Each State law society and statutory authority that is involved in publishing […]

The good times rolled-on for US mid-size law firms through 2020 Covid

Average profits-per-equity-partner grew 5.8% in 2020, double the pace of 2019. Lower rate increases (but still increases!) created potentially favorable pricing vs. larger firms Demand finished 2020 on an upward trend, leading to a strong start for 2021   Midsize law firms proved surprisingly resilient through the turmoil of 2020, and according to the 2021 Report on the State of the Midsize Legal Market, issued today by the Thomson Reuters Institute, these firms may possess unique and significant advantages, compared with their larger competitors, as the legal market emerges from the effects of the pandemic. Demand for midsize law firm […]

Conveyancing: ARNECC has new cyber security obligations. Is your firm compliant?

by InfoTrack. Last month, ARNECC released an updated version 6 of its Model Participation rules where section 7 strictly addresses ‘obligations regarding system security and integrity’ and explains that a Subscriber must “ensure that each of its Users has received training …including cyber security awareness training covering as a minimum: secure use of the ELN, secure use of the Subscriber’s Systems and secure use of email and other electronic communication.” Since May 2020, ARNECC has recommended cyber security training after conducting a security review. The reason being that “Cyber security is of broader relevance to Subscribers and is not limited to […]

Booming employment market in perspective

Job ads are on a sharper upward trend than ever before but is it really a boom? Figures have been released showing that Australia-wide for all occupations, the number of job advertisements (on the internet) was 16% higher in February 2021 compared to February 2020. February 2020 was still pre-Covid. From next month, the previous years comparisons will be to Covid periods.  Job ad numbers in the legal sector have been slower to rise compared to the rest of the economy. However, now solicitor job ads are also rising significantly but still 23% below that of one year ago. In […]

Surprising positive outcome for small law firms through Covid

Results from Smokeball State of Small Law Australia Survey COVID has impacted the business revenue of the Australian small law sector more positively than negatively and leaves the sector set for considerable growth in 2021, findings from the Smokeball State of Small Law Australia Survey shows. 57 per cent of respondents to the survey saw a positive impact in their business revenue over last year with technology adoption and the increased appetite for property purchase the key drivers at 92 per cent and 69.5 per cent of positive impact felt respectively, followed by managing staff remotely (64 per cent) and […]

Cap on fees in family law matters

The Law Council does not agree with the Joint Select Committee’s findings in relation to the need to further regulate legal fees in family law proceedings, including a proposed cap save in exceptional cases on fees for property matters of $50,000 or 10 percent of the combined value of the parties’ identified property and superannuation (whichever is higher). Law Council President, Dr Jacoba Brasch QC: “The Law Council supports a number of the 29 recommendations in the Joint Select Committee on Australia’s Family Law System second interim report. In particular, the Law Council endorses the recommendation that the Australian Government […]

Elias Recruitment Legal Jobs Advertised Tracker

Lawyer positions advertised in NSW and Victoria Area QTR Sept 20 QTR Dec 20 % change Banking & Finance 1 17 1,600% Corporate / M&A 10 31 210% Construction 7 12 71% Employment 10 17 70% Family 1 1 0% Financial Services / Funds 9 9 0% In House 126 123 -2% Insurance / Reinsurance 42 39 -7% Litigation / Dispute Resolution 25 28 12% Real Estate 7 13 86% Regulatory 1 2 100% TOTAL 239 292 22%         Seniority QTR Sept 20 QTR Dec 20 % change Department / Div Head 5 7 40% Director / […]

The Family Court of Australia and the Federal Circuit Court of Australia COVID-19 List has been expanded

The Family Court of Australia and the Federal Circuit Court of Australia (the Courts) have expanded the COVID-19 list to provide for a broader range of circumstances. The Courts anticipate that the vaccination of children against COVID-19 may become an issue of dispute between separated parents and may require priority attention. In addition, families may be experiencing relatively sudden changes to their financial position as government support measures change. These, and other types of issues that have arisen as a direct or indirect result of the pandemic, can be assessed and dealt with quickly through the Courts’ COVID-19 list. In […]

ASX listed Australian Family Lawyers to acquire NSW Law Firm Watts McCray

Excerpts from official announcement to ASX: Grant Dearlove Executive Chairman of AFL commented, “We are excited to merge with the Watts McCray team. …. This merger also expands our combined offering to a new more ‘affluent’ segment of the legal market such as wealthy complex large estate and asset disputes for clients locally and around the globe.” Jackie Vincent Managing Director of Watts McCray commented, “We have observed how successfully AFL has disrupted the family law market and grown its national footprint since listing on the ASX. Our team shares the same strategic vision for the family law market both […]

99 people to go in DWF Australia retrenchments

From Official Announcement: DWF, the global provider of integrated legal and business services, today issues the following update on current trading and some changes to its Australian footprint. Management has continued to review operations and performance levels to ensure all locations align with the Group strategy.  The decision has been taken to rationalise the Group’s Legal Advisory operations in Australia, with an orderly closure of those operations in Melbourne, Sydney and Newcastle. The Brisbane office and the Group’s Connected Services operations in Sydney, Melbourne and Brisbane will be retained. These changes will enable a leaner Australian business to focus on […]