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Mark Di Stefano

Australia’s highest-paid lawyer scores mega contract extension

Corrs partners were asked to give CEO Gavin MacLaren an early five-year contract extension. They overwhelmingly voted to approve.

Mark Di StefanoColumnist

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Corrs Chambers Westgarth partners have overwhelming voted to approve an early five-year contract extension for CEO Gavin MacLaren, putting him on a path to possibly collect as much as $100 million into the next decade.

As this column revealed on Sunday, Corrs chairman Stephen Price surprised the firm’s partners by calling for a vote on MacLaren’s contract, which wasn’t due to expire until 2028. The firm’s board “unanimously” recommended extending it to 2033.

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/rear-window/corrs-approves-mega-extension-for-australia-s-highest-paid-lawyer-20240214-p5f4zn