The number of legal and accounting firms structured as partnerships has fallen dramatically over the past decade as professionals overwhelmingly adopt corporate models to run their business.
The latest Australian Taxation Office statistics show there are 15,547 legal and accounting service companies compared to 3161 partnerships, a respective 45 per cent increase and 26 per cent drop since 2006; but tax implications constrain larger firms from transforming from their archaic setup…..
Continue reading “‘You’d be negligent’: Why professionals are abandoning partnerships”
The Commonwealth Bank may face a class action from investors, following revelations the board failed to disclose a money laundering investigation for over two years, which triggered a $5.5 billion collapse in the bank’s share price when the regulator launched its case.
Class action lawyers are circling the CBA saga as more information emerges about what the executives and board knew and when.
Continue reading “CBA faces class action threat over money laundering scandal”
Three Slater and Gordon alumni have founded their own firm in Melbourne, focused on class actions and public interest litigation.
Boutique litigation firm Phi Finney McDonald was officially launched yesterday. Continue reading “Ex-Slaters lawyers launch challenger firm”