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Corrs Chambers Westgarth Archive

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Freehills Says ‘Trend is Up’; Mallesons Says ‘Recovery Not Likely’

11 December 2009

When you've implemented a redundancy scheme that has given rise to a 25% constriction in the number of senior associates populating the office, it is time to speak out in media, ramp up the PR machine, and sell to staff/the public the rationale of such action. Accordingly, we saw Mallesons Chief Executive partner Robert Milliner quoted in yesterday's AFR as follows: 'Milliner said the size of the firm had been adjusted to reflect falling work volumes and a recovery was not likely in the medium term... "most of our clients here and overseas have gone through cost constraints, or because of the disruption of the debt markets have not been able to raise leverage to do the [M&A] activity they have done before". This comes just a few days after Mallesons spokeswoman Kate Rimer w...

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Deloitte Loses Audit Seniors While Non-Equity Partners Score Bonuses

8 March 2010

Thanks to the Deloitte spy who sent us the following comments over the weekend: Deloitte Private in Sydney has lost another 2 audit seniors. The rate at which Deloitte Private loses audit seniors is phenominal and partners, including cluster lead, Michael Kaplan, are living in a sense of denial in which they state that "nothing is wrong". Could it be that the entire Deloitte culture says lets screw staff with all we've got for the enrichment of the partner group? I love how Giam Swiegers, CEO, defends his and the partner greed by referring to the fact that at Deloitte people are motivated by being engaged, not being paid bonuses. Well then why do the partners get bonuses? Recent access to a file that should probably have been confidential reveals that non equity partners bonus in "t...

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Ernst & Young & Out the Door; Juvenile Chief Gerard Dalbosco Cannot Stem Losses

31 May 2010

If you want to hear stories of disillusioned junior staff sticking it to the greedy partnerships that worked their fledgling fingers to the bone during the GFC, come to the Firm Spy. It has been mo...

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How Much Do Corrs Chambers Westgarth Partners Earn? AFR Law Firm Profit Survey

21 September 2009

Thanks to the AFR for the following profile: Partner Remuneration System Performance based with a bonus. Partner Pay for 2008/09 A handful of top partners are said to be on guaranteed incomes...

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“FYI. New Clunge”; PwC Top 10 Female Rating Scandal Hits New Brand

12 November 2010

A couple of weeks ago we published a report on PwC's rebranding and how insiders at the firm consider that the firm's new emblem evokes the image of a defecating butterfly. In fact, the contrast of...

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Deal or No Deal? Andrew O’Keefe Asked to Move AAR Articled Clerk Admissions

2 January 2009

Disgraced host of Channel 7 game show 'Deal or No Deal', Andrew O'Keefe, is presently deliberating over whether to accept an invitation from a group of Allens Arthur Robinson Melbourne Articled Cle...

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How Much Do Norton Rose Partners Earn? AFR Law Firm Profit Survey

21 September 2009

Thanks to the AFR for the following profile: Partner Remuneration System Performance-based with a bonus. Partner Pay for 2008-09 Equity partners received from $470,000.00 to as high as $1,300...

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Ex-Deacons, Minter Ellison Lawyer Melissa Hammett Makes Contact

16 December 2009

Attractive. Intelligent. Successful. Funny. Endearing. These are but a few of the adjectives that we would use describe the delightful, yet surprisingly unlucky-in-love former Deacons/Minters la...

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Deloitte Barnacles Bonus Bill & PwC Lacks Maturity in MASSIVE Growth Surge

31 August 2011

Bonuses Denied Despite Deloitte Growth Australia's fourth largest accounting firm by revenue, Deloitte, this year grew its income by an incredible 14 per cent. At that rate, the firm will have d...

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Thousands of Dollars; Corrs Grads Hit Job Jackpot

8 December 2008

Finally some confirmation today about the worst-kept secret pervading Australian law-firm office space! Corrs Chambers Westgarth are taking the unprecedented move of offering 2009 graduates a wh...

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