The nation's leading law firms say a "climate of caution" in the wake of the Hayne royal commission could put the brakes on a period of stellar growth in revenue and profit.
The July edition of The Australian Financial Review's Law Partnership Survey indicates the cumulative effect of increased pressure on corporate legal budgets and fears about an end to 27 years of uninterrupted economic growth are starting to bite.
Loading...
Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
