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’s 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 […]

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

Official announcement: Hamilton Locke’s 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: “The 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’s 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  – Tapping into Australia’s ageing workforce: Insights from recent research –  published by the ARC Centre of Excellence in Population Ageing Research (CEPAR) presents the newest research insights and trends about Australia’s ageing workforce, in anticipation of the […]

Governments to consider consistent electronic document execution

Law Council President, Dr Jacoba Brasch QC: “The Law Council of Australia is fully supportive of today’s [Friday 11/6/21] decision by Commonwealth, state and territory Treasurers to work together towards a common approach for electronic document execution. During the COVID-19 pandemic, the electronic execution of documents was a game changer, especially in the commercial law space. It will remain a game changer by offering real potential for trade and commerce to flow in a more efficient and cost-effective way. For the upheaval that was 2020, there have been positive outcomes in the service of document execution that will have long […]

NSW Conveyancing is up 44 per cent

Is your conveyancing up by 44%? It should be if it is following the NSW statewide trend. The number of LRS transfers for the combined months of March, April and May 2021 is 44% higher than the equivalent period of the previous year.  It is true that last year (in 2020) the property market had a case of covid. However, it does not change the fact that this year is up by 44%.  Furthermore, if we look back one more year to 2019 we will see that 2021 is up an even greater percentage compared to those three months in […]

Legal Regulatory Sandboxes – An Experiment that Might Reinvent the Legal Ecosystem?

This article has been written by Terri Mottershead*, Executive Director, at the Centre for Legal Innovation (Australia, New Zealand, and Asia-Pacific) at The College of Law and is published here with permission. The change agenda is well underway in the legal ecosystem. It hasn’t been transformative – well mostly not – it’s been more about using tech tools to improve efficiency rather than radical change. This post is not about arguing the case for change, that ship has sailed. It’s about reclaiming a spot for lawyers, so they are part of the solution and not the problem. It’s about finding a […]