The Australian legal market has shown remarkable resilience in a year marked by unprecedented challenges. According to a 2023 Thomson Reuters report, the industry faced a historic decline in demand in the first half of the financial year, leading to the first contraction in profit per equity partner since 2016. However, the latter half saw a significant rebound, driven by both transactional and counter-cyclical practices. This recovery was bolstered by a year of historic rate growth, setting the stage for a strong transition into FY 2024. Despite a weakened growth rate of 1.3% in the first six months, the industry rallied as the year progressed.
The secret to the Levitt Robinson’s success
Amidst a year of market volatility, Levitt Robinson Solicitors has emerged as a significant player, involved in some of the year’s most high-profile litigation against big business, large multinational corporations, and governments in Australia and abroad.
Levitt Robinson's influence, whether driven by adept marketing or genuine transformation within the Australian legal sector, undoubtedly contributes to the industry's dynamic nature.
The firm’s capacity to think ‘outside of the box’, to create and deploy creative legal strategy, and to employ a nuanced approach to high-stakes litigation across jurisdictions has seen it succeed, even where the odds are weighted in the other side’s favour – usually because of the inequitable distribution of resources.
The intersection of profitability and social justice
According to Stewart Levitt, who founded the firm some 39 years ago, "The system favours governments and big business, and we are here to help individuals level the playing field and protect what’s theirs."
And with Levitt still at the helm, the firm has been successful in its pursuit of justice, earning an estimated $500 million for over 5000 clients, and earning a reputation as an industry disruptor, which protects the individual and broader public from big business and governments who attempt to go beyond what the law permits.
"We're here to make a difference by holding big business, public and private institutions to account, to stop them from acting in a manner which is inequitable, or contrary to the public interest.” – Stewart Levitt.
This article was written in cooperation with Jane Morris