find the latest legal job
Senior Associate - Competition, Policy & Regulatory
Category: Other | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Work with a well regarded Partner · Sydney CBD
View details
Commercial Litigation Senior Associate
Category: Litigation and Dispute Resolution | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Lawyers Weekly Australia Partner of the Year 2016, Insolvency
View details
MULTIPLEX Regional Legal Counsel (Vic) | 7 to 10 years + PQE
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Career defining in-house role · Tier One international contractor
View details
Junior Lawyer - Personal Injury Law
Category: Personal Injury Law | Location: Parramatta & Western Suburbs Sydney NSW
· Highly specialized practice · Challenging role with great opportunities
View details
IR Advisor/Member Advocate
Category: Industrial Relations and Employment Law | Location: St Leonards NSW 2065
· Permanent (0.8-1.0 FTE) role in a developing team
View details
Mallesons/Clayton Utz launch regulation teams

Mallesons/Clayton Utz launch regulation teams

Following a spate of proposed regulatory reforms coming off the back of the financial crisis, Mallesons Stephen Jaques and Clayton Utz have formed specialised, multi-disciplinary, market…

Following a spate of proposed regulatory reforms coming off the back of the financial crisis, Mallesons Stephen Jaques and Clayton Utz have formed specialised, multi-disciplinary, market regulation teams.

Both firm's teams pool the skills of partners from different practice groups. Mallesons' team comprises 20 core partners from the banking and finance, taxation, competition and M&A teams, while Clayton Utz's team is made up of six partners from competition, corporate, litigation, and tax.

The influx of reforms being proposed present a unique challenge for law firms, as they are not neatly contained to just one legal specialist, but span a spectrum of practice areas.

Mallesons' finance partner Scott Farrell explained: "Part of the new reality is that regulation of the financial markets is going to change globally, and ... it's not linked only to one particular discipline or specialty of law. We worked out that this is not a job that any one specialist could do, so the team was established."

Clayton Utz competition partner Joanne Daniels added that clients were not only seeking advice about the black letter law of the reforms, but also the policy, and likely response of the relevant regulators. As a result, she said the partners in the team were selected specifically on the basis on their long standing relationship with the relevant regulator in their field of specialty.

"We noticed that clients were after not just advice on what the law says, but advice on actually how to deal with the regulator, and that includes their culture, their likely approach to something, their prosecutorial discretion - all those things you can only get from longstanding rela­tionships with the regulators," she said.

- Zoe Lyon

See the In-house supplement in this week's Lawyers Weekly for a full report on law firms' response to proposed regulatory reforms.

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

Mallesons/Clayton Utz launch regulation teams
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Human body, illegal organ trafficking, ALHR
Sep 22 2017
Australia poised to combat illegal organ harvesting: ALHR
The Australian Lawyers for Human Rights are calling for changes to the law so that organ trafficking...
Online service, barristers, BarristerSELECT, Stephen Foley
Sep 22 2017
New online service leverages barristers’ clerks to aid briefing
A new online tool has been launched to help NSW solicitors find the most suitable barristers for the...
NSW District Court judge, Tim Gartelmann SC, next appointment,
Sep 22 2017
Silk replaces outgoing NSW District Court judge
A barrister has been named as the next appointment to the NSW District Court, following the retireme...
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 & ...