Augusta Ventures, the litigation funder with offices in Sydney and London, has received a massive boost to its funding resources.
A £150 million (approx. AU$267m) investment has been made by a single investor according to a report by the Law Society Gazette. The investment will allow the firm to expand its scope to larger cases while continuing to focus on small and medium claims.
Augusta is planning to move to new London premises in September and is also expected to expand its Sydney base which currently employs a team of 11, the article says.
Eversheds Sutherland firms-up Africa alliance
Global law firm Eversheds Sutherland has announced that its Africa presence is now the Eversheds Sutherland Africa Alliance.
Previously the Eversheds Sutherland Africa Law Institute, the alliance provides member law firms in Africa with access to training, knowledge sharing programmes, secondments, publications, client events and commercial opportunities on a regional and international basis.
“Member numbers have grown significantly over recent years. The renaming more accurately reflects the scope of our current network in Africa and the fact that our member firms have become key strategic partners across the continent,” said Co-Head of the Africa Group John Kemker.
He added that the new name also brings the Africa alliance into line with the firm’s Asia and Latin America alliances.
Lawyers among loneliest workers survey finds
Despite collaboration being a frequently used word in the legal profession, it seems working with others does not remove the potential to feel lonely.
In fact, lawyers are the loneliest professionals according to a study by digital workplace training platform BetterUp.
It asked more than 1,600 employees about loneliness and found that, regardless of salary, social support in workplaces was the key element to whether people felt lonely or isolated in their work.
Although law firms are striving to create more collaborative and inclusive cultures, the loneliness of lawyers may start before they enter the workplace.
University of Florida professor Andrew Selepak told ozy.com that studying for a career in law can mean many hours of solitary work, which may be better suited to introverts. Extroverts may then find the solitude becomes a larger issue in the workplace.