find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Infrastructure ‘boom’ drives up NSW legal activity

Infrastructure ‘boom’ drives up NSW legal activity

Chris Redden Norton Rose Fulbright

A healthy pipeline for infrastructure – particularly in asset recycling – is creating opportunities, but competition among firms is fierce.

Norton Rose Fulbright partner Chris Redden (pictured), from the firm’s Sydney banking and finance practice, believes asset recycling at a state level has made infrastructure a major growth sector.

“It's fair to say that across the board we're seeing an infrastructure boom in New South Wales, probably for the next decade,” Mr Redden said.

He pointed to the privatisations of Port Kembla, Port Botany and the Port of Newcastle, as well as the $20 billion “poles and wires” project.

“That asset recycling, particularly in New South Wales, drives a lot of M&A activity,” Mr Redden said. “Apart from the M&A and banking and finance legal teams, other practice areas in a law firm get heavily involved in due diligence and other specialist aspects of those deals.

“Lawyers will be very busy, for a long period of time. I think the work is across disciplines within law. And it's not just private practice – it's government and in- house lawyers too.”

Mr Redden credited premier Mike Baird with pushing a strong development agenda.

“Baird is passionate about getting New South Wales to a place where it has the infrastructure it requires, not just now but for the future,” Mr Redden said.

He also pointed to other infrastructure projects, such as private asset sales, public-private partnerships (PPPs) and greenfield developments, as strong growth areas in the state and predicted that social projects such as prisons or hospitals were also in the works.

National perspective

In other states, infrastructure activity lags behind New South Wales.

Norton Rose Fulbright Melbourne construction and engineering partner James Morgan-Payler believes the Victorian infrastructure sector is also seeing strong activity, but not at New South Wales levels.

He believes the market remains cautious after the planned East-West link was blocked by a change of government.

"While Victoria does have projects such as Melbourne Metro, level crossings and Vic Rolling Stock it’s not the same sort of pipeline or level of investment,” Mr Morgan-Payler said.

Asset recycling in Queensland, meanwhile, has been stymied by a government elected on a ‘no privatisation’ platform, Mr Redden said, suggesting its market was likely to focus on PPPs.

Western Australia, on the other hand, may begin to consider asset-recycling programs as mining activity weakens and the government faces a deficit.

Overall, Mr Morgan-Payler suggested the trend has been towards mega-deals, which amps up competition between firms.

“There will be those that are involved in the projects and those that aren't involved. They have multiple bidders and multiple roles, so there is going to be a lot of activity. But the need to get on these projects is increasing.”

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

Infrastructure ‘boom’ drives up NSW legal activity
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Violence
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
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 & ...