👋 G’day

Today’s brief:

  • What firms actually pay their seniors

  • Law firm covers weekly fuel costs

  • AI agents automate axed roles

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

WORD ON THE STREET

Top pay revealed

What do top-tiers actually pay their seniors? WGEA data shows a $44k spread in what top-tier firms pay their top 25% of employees. KWM leads at $313k, with G+T close behind at $308k. Corrs, Ashurst, Clayton Utz and HSF Kramer cluster around $282k-$286k. It's not a straight senior associate comparison — workforce mix matters. Read our full breakdown: Point Blank

  • Most firms throw pizza at morale problems. Perth's Cullen Macleod is handing staff $30 a week to cover surging fuel costs after partner Catriona Macleod learned her assistant of 20 years faced a four-hour public transport commute to dodge the bowser. It's cost-of-living relief that doubles as retention play: AFR

  • Johnson Winter Slattery poached Liam Hickey from Baker McKenzie for its Melbourne M&A and PE team. He worked at Weil Gotshal in Boston, giving JWS rare US-side deal experience as American PE money keeps flowing into Australian assets: Point Blank

  • Federal Court Justice Bernard Murphy hasn't handed down a decision since early December, and the Brambles class action has been sitting on his desk for nearly 1,300 days. Domino's is past 1,200. He retires June 30 — constitutionally mandated. The court promised Brambles by end of 2025. Now it's "April 10": AFR

PRACTICE POINTS

AI complaints backfire

⚖️ Employment/AI: The FWC has upheld the sacking of a senior developer at FujiFilm who used AI to churn out workplace complaints. What started as a bullying claim snowballed into demands to relitigate old incidents, a dress code discrimination complaint, a sexual harassment claim and whistleblower invocations. Deputy President Slevin said the AI-generated emails were dense, repetitive and combative, giving the developer a "false sense of security" that his communications were appropriate. He'd become "ungovernable." The FWC didn't take issue with raising complaints, but found the volume, tone and lack of perspective made the employment relationship untenable: Lawyerly

⚖️ M&A: OK, let’s talk due diligence — here’s some 101s. There's no legal obligation on Australian sellers to hand over due diligence reports, but in competitive processes, vendor due diligence packages are increasingly common as sellers look to control the narrative and streamline buyer enquiries. Whether a buyer can rely on a sell-side report depends entirely on the terms of delivery, and sellers will usually require written acknowledgment of reliance or non-reliance status upfront. On knowledge carve-outs, if a buyer knew about the issue, it can't later claim breach of warranty for it, unless a specific indemnity says otherwise. So now you know: Kalus Kenny Intelex

⚖️ Disputes: The High Court has unanimously rejected Sunshine Loans' attempt to disqualify the trial judge from its penalty hearing. Justice Derrington had found the lender liable for charging unlawful fees on over 670,000 small amount credit contracts, and Sunshine Loans argued his adverse credibility findings created a reasonable apprehension of bias. The High Court disagreed — where civil penalty proceedings are split into liability and penalty phases, displacing the trial judge between stages on bias grounds will be very hard to pull off: G+T

TALKING POINTS

WFH fuel fight

Did you hear…

Petrol's hit 250c a litre and the unions want everyone back on the couch. The FSU and ACTU are pushing banks to let staff work from home, but the Big Four reckon their existing hybrid policies already cut it. Polling shows 57% of Aussies back WFH as the best fix for the fuel crunch. Energy Minister Chris Bowen called the IEA's push to limit travel "sensible", but business leaders want the government to stay out of it: AFR

Also…

TikTok's not just hosting short dramas anymore, it's making them. The company's casting for a soap opera-style production this month and filed a trademark for "TikTok Drama" back in November. Mini dramas, split into one-to-five minute clips, have ballooned into a US$1.4bn market, with Netflix, Disney and Amazon all circling the format too. Some of the top shows on TikTok's drama feed are already made with AI: Business Insider

DEAL ROOM

Canva's move

🖥️ Canva has quietly acquired Melbourne-based digital out-of-home startup Doohly for $30m, marking the $66bn design giant's first move into physical-world screen delivery. It's the third deal in under a month, following the pickups of UK motion software outfit Cavalry and US AI company MangoAI: Capital Brief

💰 Proxy adviser CGI Glass Lewis has backed CC Capital's $4.80-a-share, $3.3bn takeover of Insignia Financial, recommending clients vote in favour at the 13 April scheme meeting. With APRA's tick already secured, only FIRB sign-off and the scheme vote stand between CC Capital taking over. KWM reps Insignia and Ashurst reps CC: AFR

🤖 Firmus Technologies, the Nvidia-backed AI infrastructure outfit, has appointed three non-exec directors ahead of an expected IPO later this year. Lee Hatton (Block, NAB, Afterpay), Christine Bartlett (NSW Ports, CEDA) and Julie Shuttleworth (ex-Fortescue Future Industries CEO) join the board: Bloomberg

SECTOR SNAPSHOT

AWS kills sales

DIGGERS

🚜 Rio Tinto is pocketing a $2bn taxpayer subsidy, split evenly between federal and state governments, to keep its Boyne aluminium smelter running past 2030. In return, Rio must back $7.5bn in new clean energy projects. Rio is also picking IB’s to unlock up to $5bn from its infrastructure assets. New CEO Simon Trott wants to monetise Rio’s rail, ports and power without ceding operational control: AFR, The Australian

FIN

🏦 French investigators raided Edmond de Rothschild's Paris offices over alleged passive corruption tied to diplomat Fabrice Aidan, who allegedly funnelled UN Security Council briefings to Jeffrey Epstein between 2010 and 2016. The bank's cooperating, but with Swiss regulators also circling, reputational and regulatory exposure is mounting fast: Reuters

RETAIL + REAL ESTATE

🏠 Brisbane hotel owners are cashing out ahead of the 2032 Olympics, with at least three major properties hitting the market. Syrian investor Ghassan Aboud is offloading the Crystalbrook Vincent for ~$90-100m, while German fund managers are asking ~$150m for the Voco and Hotel Indigo: The Australian

TECH + STARTUPS

📱 Amazon Web Services is building AI agents to automate sales and BD functions, conveniently targeting the exact roles axed in January's cuts. AWS insists it wants to relieve staff of repetitive tasks, not replace them, but former employees aren't convinced. Atlassian shed 8.4% on AWS’ news. Mike Cannon-Brookes has lost nearly $1bn from his fortune as Anthropic and AWS roll out tools threatening to make Jira and Confluence obsolete: Capital Brief, AFR, The Australian

JOBS

Lawyer, Melbourne

Disputes

Senior Associate, Brisbane

Corporate

P.S.

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