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
Capital markets activity remains robust

Capital markets activity remains robust

Despite slowing conditions in the US and China, Australian capital markets teams are being kept busy, a partner at a global firm believes.

Craig Andrade, a Baker & McKenzie partner, told Lawyers Weekly current conditions are favourable for Australian lawyers involved in equity markets.

“We've seen headwinds with China and headwinds with capital markets in America – there wasn't a single IPO in January in North America,” he said.

“But from our perspective, we're seeing a lot of activity and I'd be surprised if most firms aren't going through the same very busy period.”

As part of Baker & McKenzie’s capital markets team, Mr Andrade has recently been involved in a number of high-profile transactions, including equity raising to fund a $9 billion takeover bid by Qube consortium.

“Because of the Aussie dollar and commodity prices being where they are, you're seeing a lot of opportunities [for firms],” Mr Andrade said.

“A lot of foreign buyers are looking at this market, particularly the Japanese and Chinese.”

While commodity-exposed and mining services sectors remain in “balance sheet repair” mode, Mr Andrade said a number of other sectors were picking up.

“On the whole, we still have a number of listed corporates who are looking at M&A activity across the board,” he said. “Whether it's agribusiness or financial services – which both seem to be hot sectors – you're likely to see this continuing.”

Baker & McKenzie recently added two high-profile partners to its capital markets practice – Lauren Magraith, formerly of Herbert Smith Freehills, and Hoda Nahlous, formerly of King & Wood Mallesons.

Ms Magraith suggested the opportunity to join a “firm wanting to grow its strength in capital markets” was a major motivating factor.

“The opportunity that creates for me as a partner is something I couldn't turn down,” she said.

Mr Andrade said Baker & McKenzie aimed to make capital markets a “first-class practice area” in all major finance centres, citing the firm’s top ranking by Thomson Reuters' most recent M&A report.

“Finding the right people to grow a capital markets practice is really hard – the right people with the right skill set and the right temperament and alignment of values,” he said. “These things take time to build.”

Both Ms Magraith and Ms Nahlous, who each have children, pointed to flexibility as a key consideration when deciding to switch firms.

In Mr Andrade’s view, younger partners were heralding a “generational changing of the guard” in firms.

“I think younger partners who are helping influence leadership positions and the culture of the firm are all starting to look for and wanting to create environments that take into account and acknowledge the realities of what young working mums go through,” he said.

“I think law firms traditionally have tried to grapple with that issue. But I think there is a generational issue around how law firms tackle flexibility in a meaningful way.”

He added: “People define success however they want – from my perspective it's a life in balance, not a life driven by extraordinary billable hours and the dollars in your pay check.”

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

Capital markets activity remains robust
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
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....
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...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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'...
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...
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 & ...