Legal survey 2020: State of the legal nations
A recent study of legal firms and partners revealed interesting insights into the profession in Australia and New Zealand.
Legal survey 2020: People, remuneration and retention
Pitcher Partners’ 2020 Legal Survey sought views on a range of factors related to legal firms including equity and retention, remuneration, gender and more, revealing rising risks for firms.
Legal survey 2020: Financial management
Legal firms are experiencing increasing pressure on fees and profit according to a recent survey.
Legal survey 2020: Structure and governance
Compliance obligations of legal firms continues to increase with the structure and governance of practices becoming more important. Not surprisingly, a corporate model continues to be the favoured structure of legal firms according to a recent survey.
Legal survey 2020: Technology
A survey of legal firms saw an increase in the number of firms using technology to improve the client experience from 45% to 55%.
Legal survey 2020: The cultural gap
Culture was a standout theme in a recent survey of legal firms, having a significant impact on many other areas of a firm including the strategy and succession, governance and decision making, and technology gaps.
Pitcher Partners 2020 legal survey
Pitcher Partners recently conducted its sixth annual survey of legal firms and partners in Australia and New Zealand.
Construction industry payment defaults a timely reminder to be proactive
In its Small Business Risk Review released in late 2019, commercial credit reporting bureau CreditorWatch found that court actions due to payment defaults in the construction sector had increased by 40 per cent between the second and third quarter of 2019. Businesses exposed to this sector continue to face the risk of insolvency, with the […]
Taxation of Testamentary Trusts
The Federal Government recently introduced Treasury Laws Amendment (2019 Measures No 3) Bill 2019. The new legislation is designed to prevent income from assets injected into a testamentary trust – also known as a will trust – from being taxed at a lower rate, which is possible under the pre-existing law. Distributions to minors from […]
What to do when your kids can’t continue the family business
As you get older, a common consideration as a business owner is identifying who will continue to drive your business forward after you’ve stopped working. For family businesses, passing the business down to the next generation to manage and operate seems like a natural progression. If, however, your children don’t share the same interest in […]