find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Firms challenged to “hold their nerve” in 2009

Firms challenged to “hold their nerve” in 2009

The biggest challenge for small and boutique firms during a very rocky 20009 has been to "hold their nerve", according to John Kain, director of Adelaide firm Kain Corporate +…

The biggest challenge for small and boutique firms during a very rocky 20009 has been to "hold their nerve", according to John Kain, director of Adelaide firm Kain Corporate + Commercial.

According to Kain, the key to pulling through 2009 has been staying focused, keeping a long-term perspective, and making decisions accordingly.

"I shudder when I hear of firms panicking when faced with a short-term drop off in work and responding by accepting work which is outside their core skill-set, or taking on clients who do not fit their preferred client profile, or, worse, letting go of quality team members."

Meanwhile in-house lawyers have been put to the test this year, having been faced with unique legal challenges with significantly fewer resources to manage them. Australian Corporate Lawyers Association CEO Peter Turner explained: "[There has been] pressure to do more with less, to significantly reduce costs, to get it right the first time, to cut corners and work harder, longer and more efficiently."

Mallesons Stephen Jaques' chief executive partner, Robert Milliner, explained that this added pressure on in-house counsel had flow-on effects for top-tier law firms throughout the year. "Work volumes were affected across most practice areas and with less work on offer the marketplace was even more competitive, with client expectations heightened around price and value," he explained.

In the final issue of Lawyers Weekly for 2009, hitting desks on Friday 11 December, legal leaders from across the spectrum of the legal profession speak candidly about what have been the greatest challenges during 2009, and what's on the horizon for 2010. See Lawyers Weekly for the full story.

- Zoe Lyon

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

Firms challenged to “hold their nerve” in 2009
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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 & ...