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It comes amid growing tensions within the legal fraternity over the balance between social responsibility and commercial imperatives. The decision to cut ties with the church also raises questions about the future of prominent partner Richard Leder, who served articles at the firm in 1988, and has worked on behalf of the Catholic Church for 30 years. Corrs Chambers Westgarth Partner Richard Leder. Credit: Justin McManus Leder did not return calls from Era, but several friends and associates confirmed that he was considering his options and had received interest from other companies. “He is highly respected. What people ask is, ‘If you’re leaving, and a client is coming with you, then we’d like to chat,’” said an old friend. The Catholic Archdiocese of Melbourne declined to confirm whether they would remain with Leder or seek legal representation elsewhere. “Richard Leder is still a partner at Corrs Chambers Westgarth and we have great respect for him and his team. We are working thr

He said the valuation and focus of the business had changed since the deal was announced in February and “no longer stands for commercial reasons”. “Not having the distractions of integrating other businesses allows us to focus on our core business,” said Gray. Zip submitted its fourth-quarter results update early Thursday, pledging to reduce its offshore footprint, including exiting Singapore immediately and closing its lending business unit. Revenue jumped 27 percent compared with a year ago to $160.1 million and margin on cash transactions increased to 2.4 percent from 2.3 percent in the third quarter. “In line with its strategic objective to focus on the core markets of Australia and New Zealand and the US, this quarter Zip continued to make changes and decisions to precisely measure its global footprint and reduce the group’s cash outlays,” chief executive and founder Larry Diamond said in a statement. The news sent Zip shares up another 3 percent to 68¢ early Thursday, for a tota