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Archive for October, 2009

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PwC Pay Reduction; Workers to Lose Money in GFC First

24 May 2009

As if losing hundreds of your work-friends and being denied a pay increase wasn't enough, it has emerged in another Firm Spy exclusive that PwC employees are actually set to lose a significant perc...

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Firm Spy Downlow Award – Allens Arthur Robinson

23 September 2009

We thought it appropriate, in this huge week of Australian Rules Football, to pay homage to our national sport with the inaugural Firm Spy Downlow Award. Whereas the Brownlow is awarded to the fai...

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Clayton Utz Redundancies are a ‘Conscious Choice to Keep Resources’

17 June 2009

In the current edition of BRW, Clayton Utz chief executive partner David Fagan makes the following comments: We've gone through a period where recruiting staff has been a difficult exercise, so we...

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Leaked PwC Email Reveals Desperate Attempt to Stem Flow of Workers

24 March 2010

In what is developing into a pattern amongst Big4 Accounting firms, PwC has become the latest firm to institute measures to stem the flow of talented staff. Yesterday, we heard that Deloitte Chi...

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Double-Dilution Dismay; Major Developments in Clayton Utz/Allen & Overy Defection Debacle

11 February 2010

We reported yesterday on the astute comments from an anonymous spy that the A&O foray into Australian soil might do no more than dilute its healthy equity pool. It is, of course, a huge risk. And while A&O risks the dilution of its equity, it appears that the defection may also soon result in a major additional strain on the remaining value of the equity points at Clayton Utz. This incredible update from an anonymous Clutz spy last night: I am told that a group of my colleagues, ranging from senior associates to senior lawyers, met privately yesterday to discuss the demands they would place on the Clayton Utz partnership to remain at the firm. I suspect, though I cannot be certain, that the senior associates/lawyers remaining in the affected (defective?) groups will be ...

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EXCLUSIVE: Firm Spy One-on-One Interview With Retiring Mallesons Chief Executive Partner Robert Milliner

4 November 2011

Since our inception many moons ago we have tended, rightly or wrongly, to single out the figureheads, or Chief Executive Partners, of the various firms about which we write.  The Spy takes the vie...

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No Thaw in Sight; Mallesons Pay Freeze Set to Stay

20 November 2009

We received the following insight from an anonymous Mallesons spy last night: When the Mallesons pay freeze was introduced it was implemented on the basis that it would be reviewed in December against how the firm was tracking against budget. In recent centre by centre reports on a detailed employee survey (the Vibe) Mallesons undertakes every two years, presenters were at pains to point out that the firm was NOT tracking towards budget, with the hidden implication being that the pay freeze will continue. This is of course news to those lawyers in some sections who are exceeding their budget consistently and are being paid well below people in other firms who get to go home at 6 each night. 6pm?! Who leaves the office at that unreasonably early hour? Certainly not Mallesons lawyers....

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Firm Spy Case Summary: Mitchell v Clayton Utz & Ors (No.1)

13 December 2010

Mitchell v Clayton Utz & Ors (No 1). In July 2009, Magistrate Hennessy of the NSW Administrative Decisions Tribunal (ADT) considered an application filed by Mr Mitchell for leave to proceed ...

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Big 4 Graduate Intakes to Soar in Accounting Firm Growth Rebound

23 February 2011

The AFR yesterday published a fascinating insight into the financial state of the Big4 in 2011. In summary, things are looking much better. Graduates and talented laterals are very much back in dem...

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Fox in the Night; Pests Shot in DLA Phillips Fox Redundancies

22 November 2008

A total of 20 staff have been made redundant at DLA Phillips Fox in recent weeks in a move that has shattered a perception of economic stability held by many at the firm. Foxes shot. Confidence ...

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