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Accounting Firms Archive

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Losing its Religion; Clayton Utz Crucified By More Partnership Defections

16 March 2010

By our count, the following things have happened at besieged national law firm Clayton Utz in 2010: 14 very profitable, well respected partners defected from the firm to build two Australian offices of Magic Circle firm Allen & Overy; the firm sacked over 30% of its Melbourne graduates; a former employee has been given leave to pursue further claims against the firm for alleged sexual harassment and bullying; the firm was stripped of its credentials as an employer of choice for women by the Equal Opportunity for Women in the Workplace Agency; and a librarian has created considerable controversy by hording an inordinate amount of firm fruit. Holy moly! We are particularly upset at the sacking of the graduates. This is frankly a disgrace and all partners concerned shoul...

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Partner Salaries Exclusively Revealed: Australia’s Top 10 Most Profitable Law Firms

16 September 2011

Shock! Horror! Australia's "top-tier" law firms are not necessarily its most profitable according to an exclusive FS salary summary, based on statistics published in the latest BRW . Pre...

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Big4 Accounting Firm Parental Leave Policies & the Freehills (in)Significant Cost

13 May 2010

A couple of weeks ago, the AFR published an interesting article profiling parental leave policies amongst the Big4 accounting firms. In that article, the following was written: From July 1, KPMG w...

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Trimming the DLA Phillips FAT; Small Teams Slim Down as Merger Concerns Gain Weight

11 May 2010

In late August 2009, the AFR broke the story that DLA Phillips Fox was seeking a formal merger with its international affiliate DLA Piper. Since that story, we published an exclusive report (later ...

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Billion Dollar Bull Dust! Giam “Germ” Swiegers Shouts Staffers Day Off After “Execution” FAIL

17 May 2012

With the ink barely dry on his gutwrentchingly poor decision to warn sh*t-scared staffers that "you execute, or you're executed", Deloitte CEO Giam (pronounced "Germ") Swiegers realised that someth...

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Simon Alroe & The Jeopardy of the Minter Ellison Thawing Pay Freeze

15 January 2010

We reported in late December the revelation that Minter Ellison was intending to lift its pay freeze. At the time, we thought that the thaw was dubious, however, because only particular staff would be given good news in the "letter notifying them of the result of their review". Sounds a lot like Minters & Chief Executive Partner John Weber only intend to increase the wages of those members of staff it is fearful of losing. Over the break the Firm Spy received some disastrous gossip for the small few who genuinely hope to get a pay rise after the review. This from an anonymous - and apparently high-ranking - Minters spy: recently exiled Minter Ellison partner Simon Alroe has had the criminal charges against him dropped. This must be one hell of a slap in the face to his former...

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Merger Ake Bhursts: Blake Dawson Finally Lands International Suitor in Ashurst Link-Up

6 September 2011

On Friday, Blake Dawson Chief Executive Partner John Carrington apparently sent a firm-wide email confirming the substance of an AFR report of the same day (2/9) that Blake Dawson and Silver Circle...

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Walk On! PwC Rumoured to be Implementing Across-the-Board “Promotions”

19 May 2010

The outpouring of vitriol for big4 accounting firm PwC shows no sign of ending. Disillusionment, of the highest order, appears to have taken hold at the firm, despite what appears to be... err, goo...

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How Much Do Freehills Partners Earn – AFR Law Firm Profit Survey

22 September 2009

Thanks to AFR for the following profile: Partner Remuneration Survey Performance-based, full equity partnership. Partner Pay 2008/09 The top partners are said to draw $1,900,000.00 after bonu...

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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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