find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Doing deals over golf par for the course

Doing deals over golf par for the course

If you spy a lawyer checking in golf clubs at the airport, chances are they are an Ashurst partner off to a business meeting.

Folklaw was an interested attendee at an M&A breakfast conference in Sydney last week (21 May).

Despite everyone being in jolly spirits due to the delicious smoothies and macadamia-infused butter on offer to smother hot pancakes, once the four senior law firm partners started talking shop, the time for largesse was over.

“It is a pretty tough world we live in,” said Ashurst private equity specialist Mark Stanbridge (pictured), who was obviously at the back of the pancake queue, when kicking off the whole panel discussion, just to get everyone in the right frame of mood.

The next 40 minutes saw Peter Dunne from Herbert Smith Freehills, Jonathan Algar from Clayton Utz and Nick Humphrey from Sparke Helmore share anecdotes comparing the domestic M&A market to the maiden voyage of the Titanic.

However, Folklaw’s ears pricked up when Stanbridge provided a glimpse into the glamorous, jet-setting lifestyle of an M&A partner at a global firm.

“I was in South Carolina and I was playing golf [and my playing partner] was a big real estate player down in the south, and he has never had it better,” said Stanbridge, who recently returned from a business trip to North America, where he had previously noted that the Canadian mining sector was “all but dead”.

Finally some good news then, as Folklaw looked expectantly to Stanbridge wanting to hear more about why the real estate big fish down south had “never had it any better”?

“Then you have to find out what is causing [the demand], and that is people moving out of the northern states and more expensive cities and moving to the south where life is seen as a bit cheaper, and where people nearing the ends of their careers can come and make ends meet more sensibly than other times.”

Bummer.  No rainbow at the end of that anecdote then.

Having previously relayed that his American practice had shrunk from receiving two to three calls a week five years ago to around one call a quarter now, Stanbridge, like a lot of transaction lawyers, is spending more time in the rough than on the green these days.

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

Doing deals over golf par for the course
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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 & ...