find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Six-minute units don’t belong in modern practice

Six-minute units don’t belong in modern practice

The latest senior partner to defect to Hive Legal told Lawyers Weekly that time-based billing is an antiquated feature of the large law firm model.

The latest senior partner to defect to Hive Legal told Lawyers Weekly that time-based billing is an antiquated feature of the large law firm model.

Peter Monk (pictured), the former head of DLA Piper in Melbourne, joined Hive Legal as a principal last week (9 May).

Speaking with Lawyers Weekly, Monk said he made the move to free himself, and his clients, from the constraints of traditional law firms, including high overheads and time-based billing.

“The concept of time costing and legal services being delivered by six-minute intervals is a historical rather than contemporary phenomenon.”

The alternative is a value-based billing model that offers fixed fees and cost certainty, he added.

Monk is the latest in a string of senior partner defections from global firms. Tony O’Malley, the former Australian head of King & Wood Mallesons and Tim Blue, a former M&A managing partner, have started the Sydney-based boutique firm LCR Advisory.

Lawyers Weekly broke the story in February that corporate partners Mitzi Gilligan from Minters and Simon Davidson from DLA had ditched their respective firms to start Hive Legal.

Gilligan and Davidson worked at Minters together from 2000 to 2008. Monk was also a partner at Minters at that time, quitting the firm for DLA in 2007.

Monk said he has known the founders of Hive for “a very long time”. The move to join Hive had been in pipeline for some time, but Monk stayed on at DLA to complete a number of transactions and projects.

“I wanted to see my responsibilities through,” he added.

 

Home free

Like a number of other start-ups, Hive offers its clients value pricing and its lawyers a flexible working model.

Monk said he is not tied down by the administration of practice and other non-client facing activities that tend to fill a partner’s day in large law firms.

“It’s refreshing and motivating to get back to basics around client care and legal service delivery,” he said.

“There’s no requirement to be chained to a desk for appearance purposes.”

The Hive model has also attracted interest from ambitious young lawyers keen to carve out a different career path to what traditional firms can offer, said Monk.

Monk has worked in large firms for more than 20 years, joining DLA in 2007 as head of the firm’s corporate practice in the Middle East. Prior to DLA, Monk was a partner at Minters for 11 years.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Six-minute units don’t belong in modern practice
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...