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Lauded King & Wood Mallesons managing partner appointed Macquarie GC
Financial Services 2021-10-29 3:26 pm By Bianca Hrovat

The Australian managing partner of King & Wood Mallesons, Evie Bruce, is set to join Macquarie Group as its next group general counsel and head of the legal and governance group, where she will lead a team of 400 lawyers and governance professionals.

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Gilbert + Tobin to give all lawyers 10% pay rise as competition for talent heats up
Business of Law 2021-10-28 4:33 pm By Cindy Cameronne

Big Six law firm Gilbert + Tobin has announced it will give all legal staff who have been with the business since July a ten per cent pay rise and increase parental leave to 26 weeks to lure talent in a competitive market.

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Law firms accused of negligence say Dover not entitled to recover $1.2M penalty
Professional Negligence 2021-10-27 6:01 pm By Cindy Cameronne

Two law firms accused of providing negligent advice to Dover Financial over a so-called client protection policy found to be “highly misleading” have argued the defunct financial advisor should not be able to recover the $1.2 million penalty it was ordered to pay.

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Piper Alderman’s demand for $119,000 in unpaid fees from Aurora Funds set aside
Corporate 2021-10-25 9:30 pm By Cindy Cameronne

Asset manager Aurora Funds has won its bid to toss a demand by law firm Piper Alderman for $119,335 in allegedly unpaid legal fees, with a judge finding the terms of a settlement deed between the parties may operate as a “penalty” for defaulting on payments.

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All HWL Ebsworth partners to be named in ex-partner’s $4.4M lawsuit
Business of Law 2021-10-22 2:29 pm By Miklos Bolza

A judge won’t make HWL Ebsworth managing partner Juan Martinez the representative defendant in a former partner’s $4.4 million lawsuit against the firm, saying Martinez’ interests and those of the other partners could diverge.

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Law firms need to do more to boost diversity in legal profession, NSW Law Society says
Business of Law 2021-10-22 9:47 pm By Cindy Cameronne

The NSW Law Society says law firms should consider equitable briefing and setting quotas to improve cultural diversity in the legal profession, saying more needs to be done to make the industry more inclusive.

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‘Elephant in the room’: Judge questions conduct of some lawyers for Banksia legal team
Business of Law 2021-10-19 9:54 pm By Christine Caulfield

Last week’s judgment denouncing the scandalous behaviour of the legal team running the Banksia Securities class action cast a spotlight on the conduct of lawyers for some of the defendants, asking whether “untenable” defences were maintained beyond an acceptable point in the case.

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Colin Biggers & Paisley swallows up Melbourne law firm
Business of Law 2021-10-18 5:30 pm By Cat Fredenburgh

Law firm Colin Biggers & Paisley has pulled off a merger in the middle of lockdown, acquiring a Melbourne law firm that will boost its partner count by six.

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Lawyer who helped expose Banksia scandal questions reliance on self-regulation
Class Actions 2021-10-15 9:32 pm By Christine Caulfield

The solicitor behind the successful challenge to the claim for ill-gotten spoils by the Banksia Securities class action legal team says he draws little comfort from the conclusion by the judge who strongly condemned the misconduct that the legal system is capable of regulating itself. More needs to be done to root out the systemic causes of the arrogance on display in the case, he says.

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Banksia class action judgment shows force of Vic’s overarching obligations
Legal Ethics 2021-10-14 10:44 pm By Editor

This week’s judgment referring the conduct of lawyers behind the Banksia class action to prosecutors shows the effectiveness of unique legislative provisions in Victoria that should serve as a blueprint for federal reform, says barrister and University of New South Wales adjunct professor Dr Peter Cashman.

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