Finance & Accounting

Latest news – Human rights on the agenda; 5 ways to promote gender advancement; Small rises for in-house salaries

[Australasian Law Management Journal,Finance & Accounting,General Management,Marketing & Business Development,Strategy & Leadership] July 4, 2017

Legal profession sets out core human rights principles The Law Council recently launched its Policy Statement on Human Rights and the Legal Profession, laying out core principles and commitments of behalf of the Australian legal profession. The statement sets out a framework for evaluating the merits of legislation, policy and practice by reference to international […]

Low wages growth, more employee flexibility, paralegals in demand – a snapshot of law firm trends

[Australasian Law Management Journal,Finance & Accounting,General Management,People Management(HR),Strategy & Leadership] June 6, 2017

Some of the key challenges facing Australian law firms have been revealed in the 2017 ALPMA Legal Industry Salary & HR Issues Survey Report. More than 285 law firms employing more than 9600 staff completed the survey. About 20 per cent of responses came from each of New South Wales, Queensland, Victoria and Western Australia, […]

Q&A: Lachlan McKnight – “Lawyers who are terrified of risk are rarely good lawyers.”

[Australasian Law Management Journal,Finance & Accounting,General Management,Marketing & Business Development,People Management(HR),Strategy & Leadership] May 15, 2017

In this Q&A, LegalVision Australia chief executive officer Lachlan McKnight explains how the start-up firm has grown from two to 75 staff in five years; why it is so important to take risks in business; and how machine learning represents the firm’s next competitive move. A lot of new firms, including LegalVision, have emerged in […]

Ignore the cost of production at your peril

[Australasian Law Management Journal,Finance & Accounting,General Management,Strategy & Leadership] May 11, 2017

Gaining a better understanding of the cost of production in law firms – and how to minimise it – is a must for ambitious leaders and managers as they seek to succeed in a highly competitive and disrupted legal market, writes Neil Oakes. Not that long ago, law firms were price-setters. They decided what profit […]

Latest news – Property lawyers ride the wave; Firms going for growth; More work for fewer practices in US

[Australasian Law Management Journal,Finance & Accounting,General Management,Marketing & Business Development,People Management(HR)] April 6, 2017

High demand for property lawyers If you are a mid to senior-level construction or property lawyer in Australia, you are in luck. The latest Quarterly Report from recruitment firm Hays shows that private practice, in-house and government organisations want more lawyers in these fields. The emphasis is on finding candidates “who have come from highly reputable […]

Latest news – Campaign to stop unconscious bias; Marketing push in North America; Mid-tier firms in positive mood

[Australasian Law Management Journal,Finance & Accounting,General Management,Marketing & Business Development,People Management(HR),Strategy & Leadership] March 7, 2017

Law Council out to counter unconscious bias The Law Council of Australia has launched a major new program to help lawyers understand and address unconscious bias. It has been working with diversity and inclusion specialists, Symmetra, to construct an unconscious bias program customised for the legal profession. The program is now being offered to all […]

Managing succession in large firms – lock(step), stock and barrel

[Australasian Law Management Journal,Finance & Accounting,General Management,People Management(HR),Strategy & Leadership]

In the second part of a series about succession planning for law firms, Sam Coupland explains how to handle incoming equity partners. When it comes to handling succession in larger firms, there are a number of facets that need to be considered. They include the transition of clients from one generation to the next, the […]

Latest news: Council reveals law student data; ‘Blended workforces on the rise; Lawyers, clients at odds on value for money

[Australasian Law Management Journal,Finance & Accounting,General Management,Strategy & Leadership] January 8, 2017

Debate ‘uninformed’ on law student numbers The Council of Australian Law Deans has played down speculation about a perceived mismatch between the growth in the number of law students and job outcomes for law graduates. Figures from a recent council survey of the 39 law schools across Australia reveal that the total number of Australian law […]

World Masters: The digital evolution of GE and what it means for law firms

[Australasian Law Management Journal,Finance & Accounting,General Management,Marketing & Business Development,Strategy & Leadership,Technology] September 9, 2016

In the latest of a series of articles covering the recent World Masters of Law Firm Management conference in Sydney, ALMJ reports on global conglomerate GE’s embrace of the Industrial Internet and lessons law firms can learn from its experience. At World Masters, Karim R. Lakhani, a Professor of Business Administration at Harvard Business School, […]

Latest news – Register now for ALPMA Summit; Workforce evolution an opportunity for lawyers; ABA wants changes to legal profession

[Australasian Law Management Journal,Finance & Accounting,General Management,Marketing & Business Development,People Management(HR),Strategy & Leadership] August 10, 2016

ALPMA Summit offers blueprint for future Law firms can learn how to create a blueprint for change at the 2016 ALPMA Summit from September 7-9 in Melbourne. The summit features a world-class program of international and local speakers delivering practical insights on the people, process and technology strategies required to keep firms competitive in a […]