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Legal industry

Today

CBA’s Matt Comyn loses his right-hand man, the meticulous David Cohen

Over 15 years at the bank, David Cohen has seen it all. On his retirement, he provides a potted history of CBA’s numerous troubles and its transformation.

  • James Eyers

Yesterday

Pritchard

Flexibility, part-time work needed for better bench, says judge

Court of Appeal judge Janine Pritchard has called for greater flexibility in the judiciary to stop top women candidates self-selecting out of a judicial career.

  • Maxim Shanahan
Gina Cass-Gottlieb says consumers will be the losers of some current reform proposals.

ACCC rejects Treasury’s attempts to copy US, NZ merger laws

The competition watchdog has warned Treasury that two of the government’s three proposals for merger reforms would fail to fix systemic problems, leaving consumers, small businesses and farmers worse off.

  • Hannah Wootton

This Month

Olivia Clark says that clients increasingly expect firms to have a substantive pro bono team.

The security situation is intense: Life as a lawyer in South Africa

Olivia Clark normally works as a lawyer for DLA Piper in London, but is on a secondment in South Africa.

  • Updated
  • Ciara Seccombe and Maxim Shanahan
Liz Ruddle says more concentrated efforts are needed to improve gender equity.

‘Incredibly disappointing’: Pay gap for female barristers at four-year high

Women practitioners got just 20 per cent of the $1.65 billion the Bar charged in fees, prompting calls for quotas, mandatory reporting and tougher targets.

  • Hannah Wootton
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Christopher Lovrien, new Australian managing partner of law firm Jones Day.

Aggressive regulators creating legal demand, says new law firm leader

Jones Day’s new Australian partner-in-charge says increased regulatory activity is presenting opportunities in an uncertain market.

  • Maxim Shanahan
Baker McKenzie partner Cécile Baume has left the firm.

Two exit Baker McKenzie’s capital markets team

Street Talk understands Transactional Practice Group partner Cécile Baume and special counsel Stephanie Glass have left the firm. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Is the party over for the world’s most profitable law firm?

A boom in private equity meant bumper pay and rapid promotion for Kirkland & Ellis partners, but competition is growing as dealmaking slows.

  • Will Louch
Gilbert + Tobin lawyers Matthew Coe and Kasia Dziadosz-Findlay.

Young lawyers want to holiday, not work, in New York

Flat demand and apprehensiveness about an intense overseas working culture are spelling an end to the post-pandemic exodus of Australian lawyers.

  • Maxim Shanahan
On trial:  (from top left) Matt Bekier, Paula Martin, Greg Hawkins, Harry Theodore, John O’Neill, Katie Lahey, Richard Sheppard, Gerard Bradley, Sally Pitkin, Ben Heap and Zlatko Todorcevski.

ASIC sued Star’s board a year ago. The case will be heard in 2025

ASIC’s case against Star’s board, launched 12 months ago, has come to a standstill because a judge is so busy he can’t hear it until February 2025.

  • Michael Pelly
ANZ and Suncorp are facing the ACCC at the Australian Competition Tribunal. A decision is due late February.

The fate of ANZ and Suncorp deal is in the hands of these three people

The high-stakes legal battle over whether the $4.9 billion transaction should proceed is half done. And so far, it is unclear who’s on top.

  • James Eyers
Law partnership survey Genevieve Collins.

Two law firms hit gender parity – and credit WFH

Lander & Rogers and Hicksons are leading the trend of more female partners, but firms including Arnold Bloch Leibler and Thomson Geer are behind the curve.

  • Maxim Shanahan
The High Court found indefinite detention of immigration detainees was illegal.

Three potential problems with new detention laws

If the government goes too far, it will be inviting the courts to strike down the new law for “preventative detention” of refugees and asylum seekers.

  • Michael Pelly
Bendigo said it could make a “compelling” offer for Suncorp Bank that would be value accretive to both sets of shareholders.

Bendigo says it can make ‘compelling’ offer for Suncorp Bank

The Australian Competition Tribunal’s hearing, starting on Monday, will reconsider the ACCC’s rejection of ANZ’s takeover of Suncorp Bank.

  • James Eyers

November

Federal Court Justice Wendy Abraham.

Court blocks telehealth consultations for euthanasia

Federal Court judge says a Commonwealth law banning the use of the phone or internet to “counsel” suicide prevails over state laws.

  • Michael Pelly
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As if Nick Bolton didn’t have enough spinning plates to keep airborne.

Magellan agitator Nick Bolton fights bankruptcy notice

Nick Bolton claims the notice was “mischievous and defective”, and part of “a long-running dispute” in which he asserts he previously overpaid his lawyers.

  • Myriam Robin

What this legal team learned from the All Blacks

Organic growth and a raft of acquisitions have helped this professional services firm expand.

  • Agnes King
The High Court found indefinite detention of immigration detainees was illegal.

Why two judges thought High Court went too far

Should the court have waited until its reasons were ready in the landmark case on immigration detention?

  • Michael Pelly
Elizabeth Avery warns that forcing companies to convince the ACCC that every deals isn’t anticompetitive is “draconian”.

‘Draconian’ merger plan risks killing good deals: lawyers

Treasury’s proposal to force companies to prove that planned mergers won’t harm competition is “an unwarranted interference in commercial activity”, legal experts warn.

  • Hannah Wootton
Acting PwC Australia general counsel Karen Evans-Cullen.

PwC turning away risky work after tax leaks scandal

The firm’s top lawyer says PwC has turned away work that is “not consistent to our new risk profile”.

  • Edmund Tadros