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👋 G’day

Today’s brief:

  • Junior fired after viral "soul-sucking" rant

  • Baker McKenzie loses top M&A dealmaker

  • KPMG GC and HR chief exit before hearing

Here’s your latest, PB #{{join_number}} 👇

WORD ON THE STREET

Viral sacking

Junior lawyer Natali Curukovski lasted four weeks before calling her job "soul-sucking" on TikTok, with her video racking up 300k+ views. Her take: "You're overworked and underpaid”, calling the job “soul-sucking”. Her firm asked her to delete it, but she stood her ground, and now she's sacked: Point Blank, TikTok

  • KPMG's general counsel Louise Capon and HR chief Dorothy Hisgrove are both packing up, just days before the pair front KPMG's parliamentary inquiry hearing. Nothing says "united front" like waving goodbye to your GC days before she's due to testify: AFR

  • Norton Rose Fulbright keeps shopping, pinching Kate Jefferson from Baker McKenzie as a Sydney corporate partner. The M&A dealmaker's spent 20+ years on cross-border deals across APAC. Exactly what NRF needs as it tries to rebuild a partnership that's shrunk since 2019: Point Blank

PRACTICE POINTS

AI evidence crisis

⚖️ AI/Litigation: A UNSW report identified 520 instances of generative AI misuse in legal proceedings across ten jurisdictions between January 2023 and September 2025, including 87 Australian cases. Those cases mostly involved self-repped litigants filing hallucinated citations and fake quotes. Courts have already sanctioned practitioners over this, and in Valu, confirmed lawyers remain responsible for verifying AI-generated material even without intent to mislead. The next frontier is deepfakes: fabricated videos, images and recordings now cheap and easy to produce, threatening evidence like texts, photos and screenshots that courts have long treated as inherently reliable: Lander & Rogers

⚖️ Competition: The ACCC's new mandatory merger regime is showing its teeth. On 31 July, it approved Heidelberg Materials' acquisition of Maas Group's construction materials business, but only after Heidelberg agreed to divest three ready mix concrete plants and a quarry across Queensland and NSW, its first ever conditional Phase 1 clearance since the regime started on 1 January 2026. A week later, on 7 August, it blocked Kegstar's bid for Konvoy's assets after a full Phase 2 review, finding the proposed remedy didn't resolve concerns the deal would create a monopoly in keg pooling services: G+T, ACCC

⚖️ Regulatory: Bendigo and Adelaide Bank has admitted breaching the Banking Executive Accountability Regime (BEAR) over a cyber attack on its Alliance Bank business. Weaknesses like weak password settings and duplicate customer passwords were flagged by 2020 penetration testing but never fixed. Between 3 and 7 March 2023, a hacker accessed 257 accounts and made 286 unauthorised transactions totalling roughly $490k, of which $140k was unrecovered (customers were fully reimbursed). APRA has commenced Federal Court proceedings, with both sides proposing an $8m penalty, subject to court approval: APRA

TOGETHER WITH LEGORA

Grounds of Appeal is open.

Legora's pop-up cafe kicks off this morning at Artistry Garden, One Farrer Place. Every beverage is free until 11.30 AM. Flat white, long black, iced matcha. Order whatever you like.

The Legora team will be there all morning. Ask how firms and in-house teams use AI to review faster, draft smarter, and handle complex workflows end-to-end. Or just say hello. No sign up, no promo code needed.

Can't make it today? There's a second hearing tomorrow, same time, same place.

Learn more about Legora here.

TALKING POINTS

WFH delay

Did you hear…

Victoria's world-first work from home laws, giving eligible workers two days a week from home, were meant to start 1 September. Not anymore. New Premier Ben Carroll has pushed the start date back to July 2027 after business groups warned it'd hike costs and send jobs interstate. He insists he still backs the laws, just wants business onside: Bloomberg

Also…

Albo wants Australia to lead the world on regulating AI, pointing to his under-16s social media ban as proof he can pull it off. Problem is, he's never actually used AI himself. Opposition AI point man Aaron Violi said: "I'm staggered the PM would give a headline national speech about AI but hadn't taken 15 minutes to download Claude or ChatGPT": Capital Brief

DEAL ROOM

Bidding war

🚗 FleetPartners has a fresh auction on its hands, with Pacific Equity Partners' SG Fleet bumping its bid to $4 a share (~$860m), overtaking Element Fleet Management's push for a quick exclusivity deal: AFR

🚢 Hanwha has lobbed a non-binding US$1.2bn (A$1.7bn) offer for Austal's US shipbuilding arm, and the board's waved through due diligence. Hanwha already holds a 19.9% stake after an earlier full-takeover tilt got knocked back: ASX

SECTOR SNAPSHOT

Profit paradox

DIGGERS

🚜 BHP was hit with a second Port Hedland strike in a month, as 150 workers from the ETU, AMWU and AWU walked off over the weekend. BHP has offered a 16% pay rise over four years, but unions want base wages matched across the board and bonus policies locked into formal agreements. Talks resume at Fair Work on 18 August: The Australian

FIN

🏦 CBA posted a 7% profit jump to $10.98bn, its best result yet across all five core business lines. But mortgage applications are down 15% since the federal budget, and CEO Matt Comyn flagged slowing growth as higher rates squeeze household budgets. Loan impairment expenses rose 9% to $788m, with cost-of-living pressures the main culprit: AFR

RETAIL + REAL ESTATE

🏠 Cbus Property paid a record $1.3bn for 50% stakes in Westfield Carindale and Lakeside Joondalup, the country's biggest ever retail property trade. The deal lets Lendlease cash out investors wanting to exit its Australian Prime Property Fund Retail, after a failed push by Hostplus and UniSuper to boot it as manager: The Australian

TECH + STARTUPS

📱 Andrew Forrest is suing Meta in the US, claiming its platforms let scammers run wild with fake ads using his face. Meta promised in 2023 to keep copies of those ads, then didn't. A judge has now ruled that deliberate, gutting Meta's Section 230 defence, which only protects platforms that stay passive, not ones that help author the scam: AFR

P.S.

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