King & Wood Mallesons’ international troubles highlight serious flaws in the governance of top Australian law firms, say the two senators who led parliamentary inquiries into the professional services sector.
Major legal partnerships have largely been spared the scrutiny faced by consulting firms since the PwC tax leaks scandal, but senators Deborah O’Neill and Barbara Pocock say they are vulnerable to the same governance failings and have failed to incorporate the reforms adopted by the big four consulting firms.
