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sackings Archive

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Deloitte Boss Giam Swiegers Boasts of ‘Double Digit Growth’ Amid Redundancy Rumours

11 June 2009

Since the GFC struck the Firm Spy has regularly queried whether firms have been using the economic climate as the scapegoat for firm redundancies which are in truth attributable to partner greed. ...

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Rumour; External Audit of Grant Thornton Reveals Accounting “Irregularities”

4 April 2011

Following on from our recent controversial posts regarding BDO, some welcome gossip from accounting mid-tier Grant Thornton came through over the weekend. We received this rumour from an anonymo...

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Freehills Leading Practices Review: Is Your Group on the Chopping Block?

31 March 2011

A couple of weeks ago we broke the story that Freehills was considering severing its ER group from the firm. We later calculated that the move would net partners an average profit of under $12,000 ...

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Firm Spy Remuneration Survey – Minter Ellison Lawyer Salaries

6 November 2009

Err... it seems there is ALOT of interest in lawyer remuneration across the firms. The Firm Spy has experienced a major upswing in traffic this week, while our weekly newsletter subscribers have ro...

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High Price Paid by Junior Staff as PriceWaterhouseCoopers Axes Many Staff

21 November 2008

Confirmation today that PWC, the 'big four' accounting firm, has been forced to shed staff in response to the dire economic times. An incredible 30 staff have been made redundant in a move that as ...

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Firm Spy Case Summary: Mitchell v Clayton Utz & Ors (No 2)

12 December 2010

Mitchell v Clayton Utz & Ors (No 2) In January 2010, Magistrate Hennessy of the NSW Administrative Decisions Tribunal (ADT) considered an application filed by Mr Mitchell to correct orders a...

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Enter The WA Dragon: How The Clifford Chance/Mallesons Merger Rests On One Man

8 September 2010

The prospect of a Mallesons/Clifford Chance merger is a topic that has been utterly done to death by news media in the last year, including by us. We regularly receive updated intelligence on the s...

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Mallesons Moves to Fixed-Fee Arrangements with Major Client Telstra

25 March 2010

There has been much talk in recent times about how, as a consequence of the GFC, law firms will be required to change the way they operate to adapt to the needs of clients. Clients, it is said, are sick of incurring extravagant legal costs when, for a fraction of the price, they can employ their own legal teams for a great deal of the day-to-day work they require. The in-house lawyers, for their own part, tend to be remunerated much more favourably than their junior private brethren, while the clients themselves drastically reduce legal bills. By way of adaption, clients have been calling on firms to consider alternative fee arrangements, including fixed-fee arrangements, as we emerge from the GFC. In this regard, mid-tier firm Gilbert + Tobin has been cavalier. Danny Boy Gilbert ...

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Trade Mark FAIL! KingsWood Mallesons’ “The Power of The Scorpion” Advertising Campaign

20 February 2012

In case you missed Friday's AFR, the promotional material we've been expecting to attend Mallesons' merger with King & Wood (we prefer "KingsWood" - also the name of Holden's first full size ca...

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BDO Dirty Laundry Aired in Leaked Emails, CEO & Others Busted Telling Pork Pies

10 August 2011

Like many in the Australian financial community, we were surprised to read Monday's announcement that embattled mid-tier accounting firm BDO posted the highest revenue growth of all mid-market acco...

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