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Lawyers Weekly podcast hits half a million downloads
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International firm expands into Sydney
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Expansion and other ambitions for NewLaw firms
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‘Unconstitutional, indefensible’: Lawyers bash proposed changes to charity sector
By Jerome Doraisamy|16 March 2021
If proposed amendments to Australia’s charity sector pass, the sector’s ability to provide access to justice will be diminished, and the capacity of corporate lawyers to provide pro bono will also be hindered.
The federal government recently issued proposed amendments to the Australian Charities and Not-for-profits Commission’s governance standard 3, together with an exposure draft that could, lawyers said, very significantly broaden the basis upon which the ACNC Commissioner could deregister a charity.
Should the changes go through, a charity may be able to be deregistered in cases extending beyond indictable offences and those attractive civil penalties of 60 penalty units, or for failing to take reasonable steps to ensure a charity’s resources are not used to promote or support unlawful conduct.
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.