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
Bakers, clients to debate future regulation

Bakers, clients to debate future regulation

More than 370 Baker & McKenzie partners and 200 of their clients will descend upon Sydney next week for the firm's annual Asia Pacific meeting.

MORE than 370 Baker & McKenzie partners and 200 of their clients will descend upon Sydney next week for the firm's annual Asia Pacific meeting.

Participants will debate how the global financial crisis has brought into sharp relief the chance for Asia Pacific to become the new growth engine and centre of gravity for the global economy. How that shift will affect Australian and regional investment will be discussed and debated.

The conference comes after yesterday's release of a report by the OECD that found Australia needs to lift regulatory constraints and ease regulatory infrastructure bottlenecks in the future.

The OECD report, entitled Australia: Towards a Seamless National Economy, found Australian had weathered the global economic downturn better than other nations thanks to strong regulatory frameworks, however.

It suggested a boost in productivity to return long-term sustained growth was essential.

"An efficient regulatory system is a main step to achieve that goal," said OECD secretary-general Angel Gurria.

The report argues for the need to maintain the current commitment to regulatory reform.

Recent initiatives include Commonwealth fiscal reforms that give greater autonomy to states, a sharper focus on States performance and financial incentives to the States to undertake reforms over a five year period, the report found.

It said the reform agenda is likely to yield substantial economic benefits in the years to come.

Success will depend on continued co-ordinated actions by a number of agencies at state level, as well as Australian parliaments passing and amending state laws. Productive Commonwealth-state relationships are therefore crucial for the reform agenda.

Baker & McKenzie chairman Bruce Hambrett said the conference brings lawyer from across the firm's 14 Asia Pacific and 67 global offices together with clients to explore how Asia Pacific opportunities and challenges can be navigated over the coming year.

The OECD report recommends Australia should ensure that national institutional arrangements can support ongoing regulatory reform, including by developing formal arrangements for ongoing consultation with business.

A future challenge will be to coordinate regulation of national markets, the report said. This needs to ensure that new barriers are not created and so that all jurisdictions regulate with regard to the national interest without requiring the current financial incentives, maintaining a seamless national economy.



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

Bakers, clients to debate future regulation
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Consultation
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
IBA
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
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 & ...