Why listing is a ‘logical step’ on this firm’s journey
By Jerome Doraisamy|16 March 2021
Hamilton Locke managing partner Nick Humphrey explains why his firm’s holding company is set to list, what it hopes to achieve, and what can be learned from others, in particular HWL Ebsworth’s recent experience.
Across the globe, Nick Humphrey (pictured) mused, the dominant business structure in professional services – from recruitment to IT, from investment banking to engineering consulting – is a listed public company.
A listed business, he explained, “brings access to capital for investment, the incentive to build real equity value and long-term thinking about client relationships”. When asked why Halo Group (the holding company of Hamilton Locke) is listing, he said that the real question is why should a professional services business not list, just because the services relate to legal practice.
Law firm cements 2nd merger in 6 months
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Dentons partner launches new legal arm
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Adopt a game-changing mindset
By Jerome Doraisamy|11 March 2021
There are opportunities in every crisis, and boutique firms must be ready to pounce, says an award-winning sole practitioner.
As the old saying goes, Zile Yu (pictured) mused, ‘In peace, prepare for war. In war, prepare for peace.’
As the market turns its attention to a post-pandemic landscape, it will benefit boutique lawyers to continue to employ a proactive mindset, Mr Yu said.
“Instead of external circumstances pushing the firms to adapt, we will continue to accelerate as an industry if we continue the game-changing flexible and innovative mindsets we had during the pandemic,” he posited.
AF Legal acquires Watts McCray
By Jerome Doraisamy|11 March 2021
Australian Family Lawyers has acquired NSW-based family law firm Watts McCray, which it says makes it the largest family practice in Australia.
Australian Family Lawyers (ASX: AFL), also known as AF Legal Group or AFL, is merging with Watts McCray, which it says heralds a new era in modern, innovative legal service delivery for family law in the country.
The announcement was made earlier on Thursday, 11 March, with AFL merging and acquiring 100 per cent of the shares of Watts McCray Pty Ltd. The deal is set to be finalised next month.