Another UK law firm preparing for IPO gold rush

Listing a law firm, where partners cash-in their equity, is attracting the interest of a new contender, Mishcon de Reya. Mishcon is a London firm with 156 partners and 500 fee earners in total. The firm covers broad areas of law for both corporates and individuals.  The first UK law firm to go public was Gateley in 2015. There were five other law firm IPOs in 2017 and 2018. The largest of them all was in 2019 with DWF.  Sky News has reported: Sources said this weekend that Mishcon’s leadership team was yet to make any formal decisions about raising capital […]

From solo to 15 people in four years

Diana Foye was working from home in 2016 in her Wollongong legal practice. Now, occupying commercial premises, her team is comprised of 15 people. Diana Foye spent more than a decade working for well-known personal injury firms in Sydney that acted for insurance companies and defendants in compensation matters. Now, back in Wollongong, she has switched sides and is representing plaintiffs. The experience of acting for defendants is something that she says gives her an edge in getting great results for her clients.  Foye Legal has been named a state finalist in the Telstra Business Awards Mrs Foye said she has […]

Janders Dean’s 2019 Legal Horizons Conference Launch

After a hugely successful sell-out London event in June, the Janders Dean team is bringing the #JDHorizons conference to Sydney this month. Known by delegates as being the most diverse, educational and dynamic legal event in Australia, the Janders Dean conference is now in its 11th year in Australia. The coveted event will take place at Pier One on the 24th- 25th July 2019 and will bring over 40 speakers from across Australia and around the world to share real life experiences and relevant content with the 300 law firm and in-house legal team attendees. Janders Dean experiences are exclusively […]

Thomson Reuters Launches ‘TR IGNITE’ the Asia Pacific Technology Investment Programme, offering startups the opportunity to pitch for up to US $250,000

Thomson Reuters announced the launch of its technology investment programme, TR Ignite, for early stage start-ups in the legal and regulatory space across Asia Pacific. Founders of start-ups in these areas are invited to apply to the programme from now until 16 August 2019 by visiting tr.com/ignite. Successful applicants will be invited to pitch at the TechLaw.Fest in Singapore on 5-6 September 2019. The investor pitch day will provide start-ups from all over Asia Pacific with the chance to secure a potential investment of up to US $250,000, alongside strategic collaboration with Thomson Reuters through its virtual incubator programme. Through […]

It’s Offical: Conveyancers are Smiling Again

The volume of housing sales has risen, ending a two-year steep decline. This is not just a monthly statistic blip. It is the result of a series of factors, one of which acting alone might not have made a difference, but together are powering a rescue mission for property sales. The most important factor and probably the most underrated was the annual CPI (inflation) rate of 1.3% announced in April 2019. Then in May 2018, a benign federal election result was followed by two monthly interest rate reductions. Now the news is that housing values have increased month-on-month in June […]

Boost for Legal Expense Insurance in Australia through leading global provider

ARAG launches operations in Australia ARAG Services Australia Pty Ltd is a wholly owned subsidiary of the German ARAG Group and is starting operations as an underwriting agency in Sydney in respect of legal expense insurance products, underwritten by HDI Global Specialty SE – Australia. ARAG Services Australia has been appointed by the insurer HDI Global Specialty SE – Australia to act under a delegated authority agreement allowing it to enter into policies and handle claims for legal expense insurance on the insurer’s behalf. The Australian ARAG subsidiary offers innovative legal expense insurance products targeting insurance brokers and other intermediaries. […]

Employment growth in big law firms at risk of boom and bust scenario

Is 41% employment growth over one year in the number of non-partner fee earners sustainable? This is the percentage increase derived from The Australian’s statistics published on 5 July 2019. The growth in the numbers employed in law firms has displayed a consistent trend in both six month halves. We previously estimated that partner numbers increased by a net 3% over the same period. The partner level increased by 3%, while at the same time, non-partner levels increased by 41%. It is quite a contrast. It implies that law firm partners have had to increase staffing resources for the work […]

MinterEllison announces 83 Senior Appointments – largest Australian independent by fee-earner

Official announcement: MinterEllison has announced 83 senior appointments, including 14 Partners, 22 Special Counsel and 47 Senior Associates. With a total of 1,311 fee-earners (256 Partners and 1,055 non-Partners) across its Australian network, MinterEllison is Australia’s largest independent firm. Over half of the total senior appointments were female (49). Ten of the 14 new Partners were also women. “I’m particularly proud of the high representation of females coming through our senior ranks,” said Annette Kimmitt, MinterEllison Managing Partner. “The fact that 70% of our new Partners are women is great evidence that the work we are doing to build gender […]

The Dark Side of Law Firm Partner Appointments

AFR has published its June/July annual partnership survey. The survey lists the largest and best known law firms in Australia. Our analysis of the statistics published in the survey confirms our expectation that 2018/19 financial year was a good year for these types of law firms. Some firms did better than others. Some merged ‘out of existence’. Some did badly but on the whole it was a year of growth.  We don’t have the final figures for the growth rate in 2018/19 GDP but it was likely to be around 2%. For the group of 53 firms listed in the […]

West Australia immigration firms scale-up with merger

The West Australian: Two of Perth’s most established immigration law firms are to merge, creating one of the biggest organisations of its type in WA. Australian Migration and Citizenship Services and Easymigrate, which have both existed for more than 20 years, will merge on July 1 to become Easymigrate. The newly merged firm will be backed by Loughton Yorke Lawyers, which means any Australian immigration issue can be taken from the Department of Home Affairs level through to the High Court if necessary. [Read more]