{"id":7332,"date":"2022-06-28T13:56:24","date_gmt":"2022-06-28T02:56:24","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.au\/legal\/?p=7332"},"modified":"2022-08-03T16:03:25","modified_gmt":"2022-08-03T05:03:25","slug":"ceo-spotlight-maddocks-david-newman-on-people-and-innovation","status":"publish","type":"post","link":"https:\/\/insight.thomsonreuters.com.au\/legal\/posts\/ceo-spotlight-maddocks-david-newman-on-people-and-innovation","title":{"rendered":"CEO Spotlight: Maddocks\u2019 David Newman on People and Innovation"},"content":{"rendered":"\n

Taking the reins at one of Australia\u2019s fastest growing law firms amid a burgeoning pandemic requires a leader who knows how to pivot, and David Newman did just that. We sat down with the Maddocks CEO to explore his perspectives on leadership, the war for talent and innovation for clients.<\/h4>\n\n\n\n
\"David
David Newman<\/figcaption><\/figure><\/div>\n\n\n\n

David Newman<\/a> has held various leadership positions at Maddocks over the last 20 years, making for a natural transition to the CEO role in 2020. Maddocks limit the CEO tenure to six years to ensure a constant renewal of approach and ideas. \u201cThe role is taken under our value of stewardship\u201d says David, \u201cso the idea is to support the firm\u2019s business objectives and leave it in a better place than when you found it.\u201d<\/p>\n\n\n\n

Clearly, he is off to a strong start. Despite numerous challenges brought about by COVID-19, David has steered Maddocks<\/a> to double digit growth across a whole range of practice areas and added 150 people to the firm\u2019s headcount.<\/p>\n\n\n\n

David attributes the success of the firm to \u201cconsistently evolving and encouraging our people to constantly examine and improve the way we work with each other and our clients.\u201d<\/p>\n\n\n\n

Leading with values<\/h2>\n\n\n\n

Maddocks has long been a values-driven firm and a committed employer of choice, and David reinforces this position, placing his team at the centre of the firm\u2019s objectives.<\/p>\n\n\n\n

And great work they do, with a leading list of government clients and corporate organisations across infrastructure, M&A (Mergers and Acquisitions), education, health care and tech, handling what David considers some of the best work in the country.<\/p>\n\n\n\n

Maddocks is a proudly independent Australian firm, with numerous \u2018best friend\u2019 relationships across the globe to ensure it can support local clients who are increasingly expanding their operations cross-regionally.<\/p>\n\n\n\n

\u201cLaw is a people business,\u201d he says. \u201cIt requires a balance between the cultural aspects of diversity and inclusion with the desire of our people to have purposeful and successful careers. Ultimately, we want our people to be in a great place to do great work.\u201d <\/p>David Newman, Partner & CEO, Maddocks<\/cite><\/blockquote><\/figure>\n\n\n\n

\u2018Great resignation\u2019 or great reshuffle?<\/h2>\n\n\n\n

The pandemic ignited a global re-evaluation of people\u2019s relationship with work, opening a plethora of opportunities and bidding wars on salary and working conditions. Attracting and retaining talent has been cited as a major challenge for half the law firms (50%) surveyed by Thomson Reuters in the 2022 Tech & the Law<\/em> report<\/a>.<\/p>\n\n\n\n

David however, views the great resignation as more of a \u2018great reshuffle.\u2019 Lawyers are invested in their careers but may not feel valued in their existing jobs, so they are shifting to firms \u201cthat are more aligned with their purpose, their lifestyle, flexibility around working and the things that are important to their particular stage in life.\u201d<\/p>\n\n\n\n

Innovation and the client interface<\/h2>\n\n\n\n

David defines innovation \u201cas a change that makes a difference to our business.\u201d<\/p>\n\n\n\n

Sometimes lawyers are so busy they do not have the capacity to think about what they are doing or what they might need, particularly as they face increasing demands from clients to deliver \u2018more for less.\u2019<\/p>\n\n\n\n

Digitisation will continue to be an important priority for Maddocks as they roll out big data over the coming years. \u201cWe want to use technology in a better way to make sure we streamline our processes and interface better with our clients. This is simple to say but (can be) difficult to achieve.\u201d<\/p>\n\n\n\n

The types of technology David sees playing a crucial role starts with the obvious – document management, low code forms and AI (artificial intelligence) experiences for clients to easily access information or simplify the way clients provide instructions in a range of matters.<\/p>\n\n\n\n

Looking ahead<\/h2>\n\n\n\n

Clients will continue to be the priority for Maddocks over the coming 12 months as they navigate the uncertain geopolitical and global economy ahead, along with the issues that arise from that. <\/p>\n\n\n\n

\u201cThe greater challenge for Australia economically will be how long and deep the economic downturn might be.\u201d<\/p><\/blockquote>\n\n\n\n

\u201cIf we have a flat economy for an extended period, then that impacts on a whole range of businesses that operate in the country.\u201d David expects construction and property development will remain busy in the short term, but the long-term outlook on these practices is yet to be seen.<\/p>\n\n\n\n

Lawyers of the future<\/h2>\n\n\n\n

Law students receive good grounding on how to think legally, however they lack practical real-world training. \u201cThe challenge for graduates is turning what you have learned about law into being a problem solver and a trusted advisor to clients,\u201d David says.<\/p>\n\n\n\n

He encourages graduates who want to succeed to \u201cbe curious and continually ask questions.\u201d This, coupled with hard work, enthusiasm and getting along with others helps to build successful careers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Thomson Reuters talks with Maddocks’ CEO, David Newman to explore his perspectives on leadership, the war for talent and innovation for clients.<\/p>\n","protected":false},"author":47,"featured_media":7354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[576,1782,605,1448,1691,617],"tags":[1783,311,340,1784],"insight_job_role":[1315,1452,1573,1457,614,628],"insight_practice_area":[],"class_list":["entry","author-catherineroberts","has-excerpt","post-7332","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-management","category-ceo-spotlight","category-leadership-career-development","category-leadership-strategy","category-legal-marketplace","category-practice-management","tag-ceo-spotlight","tag-law-firm-strategy","tag-legal-leaders","tag-people-innovation","insight_job_role-barrister","insight_job_role-chief-executive-officer","insight_job_role-lawyer","insight_job_role-managing-partner","insight_job_role-partner","insight_job_role-solicitor","hentry"],"acf":[],"yoast_head":"\nCEO Spotlight: Maddocks\u2019 David Newman on People and Innovation<\/title>\n<meta name=\"description\" content=\"Thomson Reuters talks with Maddocks CEO, David Newman to explore his perspectives on leadership, the war for talent and innovation for clients.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/legal\/posts\/ceo-spotlight-maddocks-david-newman-on-people-and-innovation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEO Spotlight: Maddocks\u2019 David Newman on People and Innovation\" \/>\n<meta property=\"og:description\" content=\"Thomson Reuters talks with Maddocks CEO, David Newman to explore his perspectives on leadership, the war for talent and innovation for clients.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/legal\/posts\/ceo-spotlight-maddocks-david-newman-on-people-and-innovation\" \/>\n<meta property=\"og:site_name\" content=\"TR - 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