Monthly compilation of key updates for the legal industry – August 2019
NSW: looming legal aid crisis
NSW is on the brink of a legal aid funding crisis and risks replicating the United Kingdom experience where strikes by lawyers over low fees have plunged the justice system into chaos, according to a confidential report to government. Read more.
Australian worker wealth gap grows
Today, millennial workers globally have less wealth compared to predecessors at the same age. Although Australian household assets have tripled since 1990, “the wealth bonanza has been far from equally spread,” with increases concentrated in “older households.” Read more.
Algorithms and big data are entering the often shrouded world of alternative dispute resolution.
Robots and artificial intelligence seem worlds away from the sensitive and nuanced area of international mediation. Here, battles are largely settled behind closed doors and skilled mediators pick their way through sticky negotiations. Algorithms and big data, however, are fast entering the often mystery-shrouded world of alternative dispute resolution. Read more.
Are micro-practices the boutique firms of the future?
Micro-practice law firms – which refer to legal practices that employ only lawyers, who undertake all of the financial and administrative tasks themselves rather than hiring or outsourcing to others – are shaping up as increasingly popular and attractive for boutiques across the country. In an increasingly modern legal marketplace, it is integral for lawyers to consider every vocational option and opportunity to ensure success and productivity. Read more.