Independent Australian law firm McCullough Robertson is to 'tear' up its timesheets and introduce fixed billing for its banking and financial clients. The firm, which has just recruited another high profile banking partner, has resolved to position itself as a firm with which it is easy to do business. David Gilham joins from Henry Davis York, the fifth person of late to depart there for McCullough Robertson.
Billable hours
Commenting, banking and finance partner Peter Kennedy said McCullough had made some big changes to the banking and finance practice group, including fixed fees: 'The time of billable hours is over. We are committed to giving our clients the best possible service and this initiative is testament to that.' He added that Mr Gilham's appointment will strengthen the group’s presence on the Eastern seaboard and reinforce the firm’s strategy for expansion into New South Wales. The new partner's previous experience included working in-house for several large banks in both London and Sydney. 'At a time when other firms are withdrawing and consolidating their banking practice, we are ready to make a strong impact on the market', Mr Kennedy added. The addition of Mr Gilham provides direct access for many of the firm's banking clients located in Sydney.
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