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Bolstered BigLaw firms and ongoing gender issues: What’s hot in law this week (6-10 Mar)

Another rate rise started the week, as the legal services marketplace appears to be battening down the hatches amid ongoing economic uncertainty. Here is your weekly round-up of the biggest news stories for Australia’s legal profession.

user iconLawyers Weekly • 11 March 2023 • Big Law
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For the week from 6 March to 10 March, these were the 10 most-read stories on Lawyers Weekly (in case you missed them):

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  1.   RBA makes March 2023 cash rate call
In its March interest rate decision — the second for 2023 — the board of the Reserve Bank of Australia decided to increase the cash rate by 25 basis points, to 3.60 per cent.

  1.   McCabes adds 4 insurance principals
National law firm McCabes is shoring up its insurance ranks, having recently appointed four new principals.

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  1.   Lehrmann defamation case may be seen as ‘de facto criminal proceeding’
The proceedings being brought by former political staffer Bruce Lehrmann against Network Ten and Lisa Wilkinson “could well be seen by the public, and reported by the media, in a similar way” to a criminal trial, litigators tell Lawyers Weekly.

  1.   Most BigLaw firms are supporting the Voice to Parliament
With the referendum on an Indigenous Voice to Parliament potentially drawing near, Lawyers Weekly spoke with a number of BigLaw firms to understand which are, and which are not, publicly pledging their support.

  1.   Barry Nilsson expands Adelaide presence with team from Sparke Helmore
National law firm has bolstered its presence in Adelaide with the appointment of a team of senior lawyers, including two new principals, from fellow BigLaw practice Sparke Helmore.

  1.   Being open to ChatGPT is ‘the most important tool in a young lawyer’s arsenal’ 
With the changing landscape of legal and AI tech comes evolving skill sets, something which young lawyers, in particular, need to be aware of early on in their careers.

  1.   Male lawyers more satisfied with their firms than female counterparts
On every metric surveyed, men in law firms appear to have greater levels of satisfaction with the performance of their private practice employers than women, according to research from Lawyers Weekly and Momentum Intelligence.

  1.   ‘Human lawyers are more relevant than ever’
“The rise of artificial intelligence should give us pause to reflect on the value of lawyers — but not for the reasons many would have you believe,” says Lander & Rogers’ chief client experience officer.

  1.   ‘Active interventions needed’ to bridge gender pay gap in law
In conjunction with International Women’s Day, four legal association presidents discuss the plausibility of equal pay for women in Australia’s legal profession, the factors contributing to gender pay disparity, and the solutions.

  1. Law departments shouldn’t act like a ‘mini law firm’
LawVu’s chief legal evangelist Shaun Plant advised in-house counsel to change their traditional approach and ingrain themselves in their business to gain respect from senior executives.

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