Lawyers Weekly - legal news for Australian lawyers

Recession

What law firms will be most attractive for private equity investments?
Amid trade wars and a potential US recession, an economic downturn may see increased demand for legal services. Such an...
21 March 2025
By Jerome Doraisamy
default image
BigLaw firms ‘must keep developing people’ in uncertain markets
In economic turbulence, leaders must “keep developing people”, according to Colin Biggers & Paisley managing...
19 September 2023
By Lauren Croft
Will private equity solutions become commonplace for firms amid recession?
A year on from selling a 30 per cent stake of its business to a private equity firm, Wotton + Kearney has experienced...
04 August 2023
By Lauren Croft
Smaller firms should be ‘hustling’ and ‘staying proactive’ amid economic uncertainty
While sole practitioners are confident they will fare well if a recession hits Australian shores, there are a number of...
13 July 2023
By Lauren Croft
Sole practitioners can ‘navigate economic turbulence more effectively than larger law firms’
With the number of sole practitioner firms increasing last year, will smaller firms fare well during a potential...
06 July 2023
By Lauren Croft
RBA reveals July 2023 cash rate call
After 12 rate rises in the last 14 months, will the new financial year bring a different approach from the RBA board?...
04 July 2023
By Jerome Doraisamy
Will lawyers’ hours increase in a recession?
In a declining economy, some law firms are likely to demand more from their staff in a bid to maintain profitability,...
03 July 2023
By Lauren Croft
Vast majority of SME firms forecast revenue increase despite declining economy
A new report has revealed that despite a potential recession being one of the main challenges for smaller firms, the...
29 June 2023
By Lauren Croft
Some lawyers ‘are going to be disappointed’ in the upcoming salary review period
Last year, salaries in the profession reached an all-time high — but moving into the new financial year, this...
02 June 2023
By Lauren Croft
Fewer firms looking to negotiate above-CPI wage increases this year
Balancing the tough labour market against a period of rising inflation is tough for Australian law firms; however, it...
19 May 2023
By Jerome Doraisamy
Will pay bumps be more conservative or remain above CPI this year?
Law firms, big and small, have much to consider in determining how generous the increases in salary for fee earners...
05 May 2023
By Jerome Doraisamy
RBA makes May 2023 cash rate call
Is the Reserve Bank (RBA) rising rates again after last month’s pause? In this special announcement brought to you by...
02 May 2023
By Jerome Doraisamy
‘Companies will face larger financial headwinds than in the GFC,’ says insolvency partner
One partner foreshadows the bleak outlook for companies for 2023, predicting a sharp rise in...
24 March 2023
By Jess Feyder
How small firms can boost their reputations (given the looming recession)
Several firm leaders discuss the importance of reputation for building an SME firm and the best ways to build...
16 March 2023
By Jess Feyder
Workplace partners ‘inundated’ with huge uptick in work
As one BigLaw partner in employment and workplace relations told Lawyers Weekly, “I have just come off my biggest...
15 March 2023
By Jerome Doraisamy
RBA makes March 2023 cash rate call
A perfect 10? In this special announcement — brought to you by Legal Home Loans — find out if the Reserve Bank has...
07 March 2023
By Jerome Doraisamy
‘IPO could rebound in 2023 if recession doesn’t hit,’ says report
A BigLaw report suggests the initial public offering market could rebound in mid to late 2023, if Australia’s economy...
06 March 2023
By Jess Feyder
Law firms not likely to be recommended by in-house teams
New research from Lawyers Weekly and Momentum Intelligence shows that, while corporate counsel are largely satisfied...
20 February 2023
By Jerome Doraisamy
Poaching teams is all the rage right now. Why?
Legal recruiters have noticed elevated interest in acquiring whole teams as opposed to individuals as of late. There...
09 February 2023
By Jerome Doraisamy
ChatGPT, poachings and policies: What’s hot in law this week (30 Jan to 3 Feb)
From new artificial intelligence (AI) to growth for firms of all sizes, here is your weekly round-up of the biggest...
03 February 2023
By Jerome Doraisamy
lw logo standard
Be the first to hear the latest developments across the legal profession
SIGN UP TO OUR NEWSLETTER
Momentum Media Logo
Most Innovative Company