BOQ, Suncorp to face grilling at Royal Commission

The Bank of Queensland (ASX: BOQ) and Suncorp (ASX: SUN) are the next financial institutions set to face the music at the financial services Royal Commission. The third round of public hearings will discuss loans to small and medium enterprises, and will see BoQ and Suncorop face a grilling, alongside the major institutions. Running f...

High profile Brisbane businesswoman Jenny Hutson to face multiple ASIC charges

When she was the chair of childcare giant G8 Education, Jenny Hutson stood at the centre of the company's botched takeover bid of Affinity Education. Now, almost three years following the failed acquisition, Hutson is set to face the music in court against charges of dishonesty and misconduct during her tenure. Following an invest...

Storm Financial directors fined for breach of duties

The directors of Storm Financial, Emmanuel and Julie Cassimatis, have been fined $70,000 each by the Federal Court for breaching director's duties. The two, who were previously found by the Court to have breached their duties as directors, were also disqualified from managing corporations for seven years. The fines conclude ASIC...

DibbsBarker to shut up shop following partner exodus to Dentons

Longstanding mid-tier law firm, DibbsBarker, will not be operating beyond 30 April 2018 after 17 of its partners announced they were joining Dentons. The global heavyweight this morning announced it was acquiring 17 of DibbsBarkers' partners and other staff effective 1 May. Following the announcement, DibbsBarker revealed the loss of ...

Slater and Gordon investigates class against major banks

Law firm Slater and Gordon is investigating potential class actions against Australian banks on behalf of consumers who have been sold millions of dollars in "worthless" or "junk" credit card insurance. "We have found substantial evidence which suggests that a large number of people have paid tens of millions of d...

Shine Corporate doubles profit on digital strategy

Listed legal services company Shine Corporate (ASX: SHJ) has doubled its first half net profit to $7.83 million as it pointed to its "improved digital strategy" for the results.

The company also increased revenue by nearly 20 per cent to $88.23 million for the six months to December 31, 2017, compared to the prior corresponding peri...

WIN $10,000 Cash for best Launch Strategy with Travis Schultz Law

Travis Schultz Law is offering $10,000 and a 4-week intensive internship at award-winning ad agency YomConnect to the person who can develop the best strategy for the firm's launch in April. ENTER HERE The firm is looking to hit the ground running with this launch strategy.  When asked what they're looking for in the ...

Australian law firms healthy despite persistent competition and disruption

A new study into Australian law firms has revealed the Australian legal sector is healthy despite persistent problems. The seventh annual ALPMA Crowe Horwath Financial Performance Benchmarking Study indicated law firm profitability remains strong despite increasing disruption and a more competitive market. Profit margins remain strong...

FORMER MINTERELLISON PARTNER LEAVES TO OPEN NEW LAW AND BUSINESS FIRM

FORMER MinterEllison partner, Adam Merlehan, has left the multinational to establish a 'full service' multidisciplinary business and law practice. Merlehan Group, which will have offices in Brisbane, Sydney and Melbourne, will offer business strategy advice for growth or business optimisation. Merlehan's team will assist w...

HARD WORK PAYS OFF FOR HELIX LEGAL FOUNDERS

THE blood, sweat, and tears that has gone into creating Helix Legal have finally paid off for Director and Partner Janelle Kerrisk. The law firm, still in its infancy relative to other Queensland law firms, has gone from strength to strength since its inception. Recently, Kerrisk was awarded a National Association of Women in Construc...

AUSTRALIAN LAWYERS CLOCK NEARLY 3 MILLION PRO BONO HOURS OVER THE LAST 10 YEARS

OVER the past ten years Australian lawyers have contributed nearly 3 million pro bono hours of legal work. The Australian Pro Bono Centre's 10th Annual Performance Report shows Australian lawyers gave 2.86 million pro bono hours to the community over the last 10 years. 420,195 of those hours were contributed during the last financ...

REBEL WILSON RECEIVES MILLIONS IN DAMAGES FROM BAUER MEDIA

BAUER Media has been ordered to pay more than $4.5 million in damages to Australian actress Rebel Wilson. The Hollywood actress and comedian sued the German-owned magazine company for publishing a series of defamatory stories in 2015. In June, a six-person jury found that Wilson was defamed by Bauer Media in eight articles because the...

SLATER & GORDON BEGINS JOB CUTS AS MAJOR STRUCTURAL CHANGES ARE ANNOUNCED

EMBATTLED law firm Slater & Gordon (ASX: SGH) will cut around seven per cent of its workforce as it aims to reduce costs and make structural changes in the face of heavy losses and legal dramas.

The firm released a preliminary strategic and operational review and announced it has begun consulting with "impacted" employees a...

SLATER AND GORDON TO SETTLE CLASS ACTION FOR $36M

Slater and Gordon (ASX: SGH) has agreed to settle one of the class actions brought against it by angry shareholders which is expected to cost the firm $36.5 million.

The law firm says the Federal Court will mediate a settlement with thousands of shareholders led by investor Matthew Hall.

Slater and Gordon released a statement on Tue...

SLATER AND GORDON SHARES IN TRADING HALT AHEAD OF CRITICAL UPDATES

EMBATTLED law firm Slater and Gordon (ASX: SGH) has placed its shares in a trading halt ahead of an update on its legal dramas and a restructure proposal.

The company's shareholders are chasing compensation for the massive drop in the firm's value following its disastrous $1.3 billion acquisition of British professional services firm ...

AGED CARE OPERATOR AVEO MAY FACE CLASS ACTION FROM RESIDENTS

MADDENS Lawyers is considering a class action against retirement village operator Aveo after a Four Corners-Fairfax investigation revealed its complicated contracts and exorbitant fees.

The law firm issued a statement late on Thursday calling on residents at Aveo facilities to get in touch with them if they feel they have been financially dis...

HOPGOODGANIM INVESTS IN EFFECTIVE GOVERNANCE

BRISBANE law firm HopgoodGanim has engaged Australia's largest governance advisory practice, Effective Governance, to complement the firm's traditional practice by providing clients with more than just legal advice.

HopgoodGanim clients will have access to an integrated suite of corporate governance solutions, from board and governanc...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one of the major shareholder class actions it has been backing since February.

Pending the court's approval, IMF announced it will withdraw its funding of William Roberts Lawyers' class action against Spotless Group (ASX: SP...

WAGERING GIANTS TABCORP AND TATTS GIVEN GREEN LIGHT FOR $11B MERGER

THE Competition Tribunal has approved Tabcorp's (ASX: TAH) $11bn takeover bid for Tatts (ASX: TTS) on the condition that it must divest its Odyssey gaming business in Queensland.

The announcement was made this morning after weeks of hearings and was delivered by Federal Court judge John Middleton.

Tabcorp applied to the tribunal for ap...

CLASS ACTION TO BE LAUNCHED AGAINST MCMILLAN SHAKESPEARE OVER 'WORTHLESS' VEHICLE WARRANTIES

AN $80 million class action will be launched against McMillan Shakespeare Group (ASX: MMS) over claims it issued "worthless" warranties to tens of thousands of customers who bought used cars and trucks from the company.

Global litigation funder Vannin Capital has engaged leading law firm Quinn Emanuel Urquhart and Sullivan to file t...

CLASS ACTION FILED AGAINST SURFSTITCH AFTER ANOTHER EARNINGS WIPEOUT

AS ONLINE retailer SurfStitch (ASX: SRF) battles for survival following another negative earnings forecast, a $100 million class action has been filed in the Supreme Court of Queensland on behalf of aggrieved shareholders.

On Monday, the Gold Coast-based company announced its losses will double to as much as $11.5 million this year, sending i...

COMMUNITY LAWYERS ON FUNDING CRISIS: BUDGET WAS A DECENT START, BUT MORE NEEDS TO BE DONE

While the Federal Budget may have reversed its initial plans to cut funding from community legal services nationwide, peak groups are saying more needs to be done to end the current justice funding crisis.

Organisations including the National Association of Community Legal Centres (NACLC) and the National Family Violence Prevention Legal...

BRISBANE LAWYERS TAKE PATENTED ANIMAL PAINKILLER TO THE WORLD

BRISBANE law firm Bennet & Philip Lawyers has contracted a multi-million-dollar deal to help take a unique Aussie painkiller for animals to the global market.

Bennet & Philip's Michael Bigg and Lance Pollard contracted a deal between Australian company Animal Ethics and UK-based Dechra Pharmaceuticals to launch Animal Ethics&...

QUEENSLAND FIRMS ANNOUNCE MERGER

SAJEN Legal and Ferguson Cannon Lawyers have announced that their firms have officially joined forces in Queensland.

The firms, which both have offices in Brisbane, officially merged on May 2 under the combined brand of Sajen Legal which has retained all existing directors from both firms.

Comprising the new board is Kyle Kimball, Glenn Fe...

LEGAL PROCUREMENT DISRUPTOR SECURES $500,000 FUNDING BOOST

IT'S ONLY been two years since Warwick Walsh left a career in private practice to establish Lawcadia, a tech-based legal procurement company that has already drawn serious attention from the industry, not to mention serious funding.

The entrepreneur noticed a gap in the market around the way that companies procure and manage legal service...

FAMILY LAWYER DISPELS THE LEGAL PROFESSION'S UNHAPPINESS COMPLEX

WHEN it comes to finding happiness in the legal profession, Brisbane Family Law Centre director Clarissa Rayward is among the top authorities. Often required to deal with unpleasant situations and hard life scenarios as a family lawyer, Rayward has spent years unlocking the secrets to staying happy amid the daily turmoil that comes with t...

MCCARTHY DURIE ACQUIRES BOUTIQUE ARANA HILLS FIRM

IN A move to boost its commercial and corporate business transactions team, McCarthy Durie has acquired boutique firm Eaton Lawyers based in Arana Hills. The acquisition marks almost exactly a year since McCarthy Durie took over Toogoods Lawyers and merged its entire workforce into the firm's corporate fold. Through these two deal...

EXCLUSIVE Q&A: CORPORATE LAW EXPAT PARTNER RETURNS TO BRISBANE

FOR nine years, corporate specialist Andrew Clark (pictured) called London home while he worked as a partner at Reed Smith LLP, one of the world's largest law firms. Resolving complex multinational matters became a speciality for Clark. In the morning, he would negotiate joint ventures with Kazakhstan, at lunch he would do business de...

CARTER NEWELL CELEBRATES INDUSTRY RECOGNITION

THE team at Carter Newell are celebrating the achievements of 11 of the firm's staff who have been named in the Best Lawyers in Australia listing for 2017. The lawyers are recognised for excellence in their specific practice in areas ranging from corporate law to natural resource law. Senior Partner Paul Hopkins is among the names...

KENNEDY SHINES AS BARRY NILSSON SCOOPS ACCOLADES

BRISBANE based law firm, Barry Nilsson has gained recognition as 18 of its lawyers have been recognised in the 2017 Best Lawyers in Australia listing, a peer reviewed system recognising excellence in the legal profession. Insurance and health, property, family law and commercial law were all categories in which lawyers from Barry Nilsson&...