Thursday, 11 March 2010

Professions

  • Hostile territory

    Rising share prices and renewed investor confidence have created favourable conditions for takeovers, which translate into more work for lawyers.

  • hands across the globe

    International networks introduce Australian members to their overseas counterparts and create business opportunities and access to local knowledge.

  • Regulating the rules

    Strong policy is needed to prevent improper business activities, but not at the expense of the good, honest and hardworking majority.

  • Clayton's reporting

    The increasing use of 'adjusted profit statements' has got the authorities worried.

  • Big four take on the consultants

    PwC and its peers are snaring talent and winning work that usually goes to McKinsey and the like.

  • On the way back

    The top law firms are reporting a return of confidence and expansion plans are on the agenda.

  • fund hunt Superannuation money is one option for financing infrastructure, but many obstacles stand in the wayComment: Peter Fagan

    Superannuation money is one option for financing infrastructure, but many obstacles stand in the way ...

  • Churn 'n' earn

    The entry into Australia of London firm Allen & Overy has led to a spate of high-level defections and hasty promotions.

  • A matter of value

    Fast-growing companies invariably need the services of a lawyer, but who they choose depends on specialisation and charges.

  • Enter the labyrinth

    Capital gains tax may be complex, but concessions can make a big difference to taxable income.

  • The planners are back

    Having sold its financial planning arm at the market's peak, a Victorian accounting firm is returning to the business as the economy recovers.

  • Foreign funds flood in

    Australia's high-quality companies and easy business environment are adding momentum to the steady influx of large overseas investors.

  • Tug-of-law

    Big dollars or work-life balance? Flexibility or specialisation? The reasons behind a lawyer's decision to work in private practice or as in-house general counsel are as diverse as the work up for grabs.

  • Man of action

    Insurer QBE's finance chief has one golden rule when a funding crisis grips the market - don't wait until it's too late.

  • Show them the exit

    Succession planning promises to be a big earner for the accounting profession, at least for the next decade.

  • Divorce season upturn

    Every Christmas lawyers note a rise in the number of separation proceedings, but 2009 was worse than usual, thanks to the strain of the downturn.

  • Material reform

    Attempts to strengthen the Trade Practices Act may have little effect in constraining the competitive practices of Australia's most powerful retailers.

  • 2010 client choice awards

    Professional services firms have emerged from the downturn in good shape.

  • Mid-tier marriage

    A Grant Thornton-PKF merger may present competitive challenges for the big four firms. Report: Agnes King

  • Growth spurt

    Australia's finance sector could balloon in the next few years if the recommendations of a new report are adopted.

  • Fraternity, equality

    The new head of the Law Society of NSW has plenty on her plate, including proposed national reforms to the profession.

  • Firm feedback

    Constraints imposed by the economic downturn were not lost on staff at Allens Arthur Robinson.

  • The case for change

    Proposed reforms to government-imposed structural restrictions on legal firms would result in many partner-based practices incorporating themselves.

  • Downgrade brings doubt

    Engineering giant WorleyParsons' problems may be deeper than it is suggesting.

  • Check, mate

    Families will no longer be able to use trusts as tax shelters if draft legislation is passed.

  • Banks' bad behaviour

    The country's large financial institutions are risking the economic recovery, accountants believe, by putting good customers under undue pressure.

  • Direction finders

    It's not always the big strategy changes that make a law firm work - it can be about changing the state of mind.

  • Count them out

    More accountants are expected to abandon the field of auditing as new rules prove to be an unwanted burden.

  • Value back in vogue

    Auditors know the coming year will be mostly about how to revalue badly impaired assets.

  • Auditors feel the pressure

    The imposition of impossible workloads is forcing internal audit committees to seek outside help.

  • Long on complications

    Attempts to standardise leave entitlements across the nation have been put in the too-hard basket.

  • Talent drought

    Building a country practice may sound like a dream career option, but retiring from one can be a nightmare.

  • Low tax over-rated

    Business loathes what it sees as high tax rates in Australia, but nations with higher rates are prospering.

  • Stay in touch

    Accountants need to be better at forecasting than recording, according to chief financial officers.

  • ASIC on the case

    Directors beware - the corporate watchdog isn't about to change its spots just because of the One.Tel setback.

  • New broom in brisbane

    The December 1 merger of two legal firms will create real competition for the market leader.

  • Comes a time

    Ageing partners present their firms with tough challenges and their associates with exciting opportunities.

  • Crunch forces CFO hand

    A side effect of the global financial crisis is its impact on the role of chief financial officers.

  • Keep it in the family

    Clayton Utz is unlikely to appoint an outsider to succeed the retiring David Fagan as chief executive partner.

  • Hours in the balance

    Few employers and employees clearly understand new flexible employment standards, but the law could have a big impact on work arrangements

  • Work it out

    Shedding talent in a downturn can be costly. Smart accounting firms have learnt to manage staff levels in readiness for the inevitable recovery.

  • Watch doggedness

    Being on the net is not out of regulatory sight - the ACCC says online retailers are subject to the same laws as shop-front owners.

  • Building bonanza

    The New South Wales government is in the sights of engineers, fed up with infrastructure delays.

  • It's not size that counts

    Law firms don't need to get any bigger. They would be better off figuring out how to get smarter.

  • Few are chosen

    A subdued economy is influencing negotiations over the reappointment of legal panels within the financial sector.

  • Best foot forward

    Times are tough, yes, but clients are sure to notice if a business starts cutting corners.

  • Two-faced taxpayers

    Ordinary investors who try to minimise their tax by claiming to be professional share traders invite a world of scrutiny.

  • Franchise with care

    Franchise agreements are binding and anyone doing merger deals in the sector must avoid cutting corners.

  • Someone's got to pay

    The tax office is taking an aggressive approach to debt recovery, perhaps hoping to jump the creditors queue when businesses go bust.

  • A world of M&A work

    Good overseas relations will be paramount for firms hoping to ride the next wave of corporate activity to financial success. Report: Judith Tydd

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