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GFC Archive

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Floodwatch: PwC Brisbane Evacuates Staff

12 January 2011

Like many Australians, our thoughts are with those currently affected by the Queensland and New South Wales floods. After successive tragedies and gloom, it's heartening to hear that at least so...

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How Much Do Minter Ellison Partners Earn? AFR Law Firm Profit Survey

22 September 2009

Thanks to the AFR for the following profile: Partner Remuneration System Performance-based with a bonus. Partnership size dwarfs its rivals. Partner Pay For 2008/09 The firm paid a bonus to...

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Rumour; Top Tiers Violate Law Society Graduate Recruitment Guidelines

5 August 2009

We reported on Monday the rumour that Freehills (Perth Office) was flouting the WA Law Society Guidelines designed to create a 'level playing field' for graduate recruitment. In response to that...

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Leaked KPMG Email Reveals Shocking Staff Over-Utilisation & “Maximum Assurance”

9 June 2010

We reported last week the news that KPMG is in the midst of a major outflow of skilled workers, in particular from audit. Not to mention the very troubling loss of the MONTE CARLOS. Today we bui...

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Ernst & Young & the Restless Staff Query ‘Departures’ amid New Redundancy Rumours

10 June 2009

In a huge week for Big 4 accounting screwups gossip, the Firm Spy can today reveal new rumours of discreet sackings, but this time at Ernst & Young. This from an Ernst & Young spy today:...

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Brisbanian Departure Ouch Amid Grant Thornton 2008 Merger Insight

6 April 2011

On Monday we welcomed our first ever gossip from mid-tier accounting firm Grant Thornton with allegations that an external auditor recently found evidence of number-fudging in the firm's books.. We...

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ANALYSIS: Herbert Smith Freehills Merger To Overcome “Panic” & “Loss-Making” Operations

27 January 2012

Since our recent article profiling the looming merger between Freehills and Silver Circle firm Herbert Smith, more details have come to light. We spent some time re-reading emails in our inbox and ...

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Manhunt Update: Swindling Ex-Minters CFO Arrested at Sydney Airport

4 October 2011

We just received word from an anonymous tipster that wanted fugitive Craig Raneberg has been arrested at Sydney Airport.  Here's the tip: Craig Raneberg (ex-CFO Minter Ellison Adelaide) was c...

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Crocodile Dundee’s Plastic Surgery made possible by Ernst & Young?

23 June 2009

If you're like us here at the Firm Spy, and you're wondering to whom we can apportion blame for the disfigurement of iconic Australian actor Paul Hogan through plastic surgery, then it might be tim...

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Deacons/Norton Rose Thaws Pay Freeze For “Most” Lawyers

12 February 2010

Thanks to the anonymous Deacons/Norton Rose spy who sent us the following tip last night: After freezing our salaries last year, Norton Rose has decided to thaw them. We all got an email from Don Boyd this afternoon saying there had been a review and the outcome "will result in salary increases for most of our lawyers." The increase will be back-dated to Jan 1. I will be checking my payslip very carefull on Monday. Uh oh! Not the now tried-and-true use of opaque language like "most of our lawyers"! Does this mean 51% will get increases in pay? Who will miss out? Sounds to us like Don 'Dubya' Boyd might have another major gaffe on his hands. This thaw, if true, comes after similar moves by Freehills and Minter Ellison (who promised staff a thorough 'review', whatever that means) la...

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