Aussie Firms Struggle, But Find Hope in New Year

Law360, New York (December 4, 2013, 6:56 PM EST) -- Australian law firms suffering through a post-financial crisis “hangover" have made a number of payroll cuts and partner de-equitizations this year, but some firms are expecting that the installation of a new government will provide the certainty the business community needs for a bounceback in 2014, experts say.

“If you go back to 2008, our economy at the time was very strong with what you could call the energy and resources boom, and China [was] still demanding resources, and everything was looking rosy,” said Darryl McDonough,...
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