State of the Australian Legal Market
Our opening conversation features a distinguished panel of industry observers and professionals as they utilize Peer Monitor data to assess the overall health of the Asian Pacific legal market and the impact of recent regional developments on legal practitioners and clients.
Joel Barolsky, Managing Director, Barolsky Advisors Pty Ltd.
George Beaton, Executive Chairman, Beaton Research + Consulting
A Rumor of War: Regulation, Revelations & the State of Cybersecurity in 2017
Today’s global firms are facing increased pressure to mitigate risk when it comes to client data privacy and security. The increased reliance upon cloud and mobile technology has created both increased flexibility and heightened concerns for law firm executives and staff alike. This timely conversation, led by some of the world’s foremost authorities in data privacy and foreign affairs, will examine the current cyber landscape at a moment of acute consternation in the global consciousness.
Paradigm Shift: Corporate Legal Departments at the Crossroads
In a global legal market where “value” and “efficiency” continue to drive client purchasing behaviors, many corporate legal departments are bringing work in-house and hiring top legal—and business—talent at a staggering pace. Despite still finding lucrative work with specialized, high risk matters, outside counsel are quickly coming to terms with a new, ever-evolving business climate where traditional client service models are now obsolete and the delivery of legal services in a globalized vista requires innovation and indefatigable strategy. Leveraging exclusive Thomson Reuters data from the world’s very first global legal department operations (LDO) index, this panel highlights in-house counsel proclivities and operations in a world transformed.
Sharon Cook, Chief Legal & Commercial Counsel, National Australia Bank
Steven M. Walker, Vice President and Associate General Counsel, APJ Software
New Compensation Models within the Firm
This facilitated workshop examines the challenges and strategies many firms are deploying around law firm compensation systems and origination credit. Key questions for discussion include:
- How are firm-wide compensation systems designed and aligned with greater cultural and strategic goals;
- To what extent is origination credit tethered to a healthy business development culture;
- What role does “teamwork” play in your firm’s compensation system? How is it assessed and evaluated;
- How does your compensation system balance firm success with individual performance;
- How do you align your associate compensation with partner compensation? Does your associate compensation model help facilitate the path to partnership?
Building the Pipeline: Training and Talent Challenges after the Great Recession
Law firms today employ up to five different generations of professionals in the workplace. For years, the legal and business professional pipelines produced a steady supply of talent ripe for the proverbial picking. Since 2007, however, law schools are seeing a steady decline in student applications, and many recent graduates, along with business peers, are finding career paths outside the profession. This seismic shift has forced law firm leaders to reevaluate how they design and manage their most expensive resource—people—to meet the ever-changing demands of clients. In considering the future of law firms, our panel will consider these and other key questions as we look ahead to 2018 and beyond, including:
- How are law firm leaders and chief talent officers adjusting how they hire and prepare the next generation?
- How are firms integrating new employees into existing enterprise culture?
- What impact have client requests for more diverse legal representation had on hiring strategy?
- What lessons can be learned from other professional service industries?
Closing Remarks & Conclusion
Jackie Rhodes, Managing Director, Australia & New Zealand, Thomson Reuters Legal
176 Cumberland Street, The Rocks
Sydney, NSW 2000, Australia
The Shangri-La Hotel, Sydney is described as “an elegant sanctuary” overlooking a distinctive harbour city. With opulent views of the stunning Opera House and Harbour Bridge, guests will enjoy the sumptuous decor of this five star property and convenient access to Sydney’s vibrant history and culture.
A room block has been arranged for conference guests at a rate of $445 AUD/night plus taxes. Please call the hotel directly to reserve a room.