Mr Pike said long-term projects such as ESG and workforce transition would provide steady work flows and offset any slowing in other areas.
“Some of the greatest challenges our clients face are now technology-driven, and we are experiencing a strong uptick in demand for lawyers with digital expertise.”
Richard Spurio of Allens said the firm remains “focused on the areas that are top of mind for our clients such as tech, data and cyber, ESG and energy transition”.
“We’re seeing work in these areas flowing through to a number of practices, including disputes and investigations, M&A, projects and banking and finance,” he said.
Kate Marshall of KPMG was nominated “business reorganization work and deal activity, as well as increased cyber-related work”.
Amber Matthews of DLA Piper said the end of the federal government’s pandemic-era insolvency protection “may lead to an uptick in restructurings in particular”.
“As companies grapple with ESG we expect this to also provide opportunities, especially around climate change and governance,” she said. “As far as sectors are concerned, we expect energy and natural resources, as well as technology, to remain strong for our firm.
“The change in government will likely also result in a range of changes across the industrial relations sector, which is likely to keep our employment team busy.”
Bruce Cooper of Clayton Utz was on the same page: “In the immediate aftermath of the election, IR reform will translate into demand for workplace relations and related advice.”
With the federal election out of the way and Labor forming a majority government, Mr Cooper said business had more certainty.
“The question for us, if we take the lead from the rest of the inflation-pressed world,