Thompson Eslick was established in 1993 by Peter Thompson, then trading as Peter C Thompson Solicitor.
Peter had been a Senior Solicitor at Mallesons Stephen Jaques in their dispute resolution area, and later a Litigation Consultant at the ASC (now known as ASIC). When the ASC consultancy expired in 1993, Peter founded the firm to work on ASC/ASIC related matters and received several referrals from Mallesons and other law firms in Sydney.
Peter appeared for individuals at ASIC and APRA examinations and came to represent licensed persons at ASIC banning order hearings. He also gave advice on compliance matters, including to financial institutions on the adequacy of their compliance programmes and training of staff.
In 1997 Vicki Eslick, Peter's former colleague at Mallesons, joined as a partner and the firm changed its name to Thompson Eslick Solicitors.
Between 1997 and 2003 the firm acted in a wide range of matters, and in various ‘high-profile’ cases. These included: acting for Kim Hollingsworth to obtain reinstatement as a cadet police officer; for investors in their claims against AXA Australia concerning a multimillion-dollar investment scheme; appearing for witnesses at the “Cash for Comment” and “Food for Oil” inquiries and in the HIH Royal Commission.
In 2003, Vicki Eslick resigned from the partnership following her relocation from Sydney. The firm’s practice then merged with the Financial Services Group at TurksLegal. Between 2003 and 2005, Peter worked as a Consultant Solicitor with TurksLegal but maintained his clients in conjunction with TurksLegal under the Thompson Eslick name.
In 2005, Peter resumed trading as Thompson Eslick and opened new offices in York Street, Sydney.
Since 2005 Thompson Eslick has represented individual and corporate clients in a wide range of regulatory and litigious matters, including:
- Jodee Rich in the ASIC Supreme Court proceedings following the collapse of One.Tel
- Ego Pharmaceuticals before the AAT to have products registered by the TGA
- witnesses in the ASIC James Hardie investigation, and the later ASIC Supreme Court proceedings brought against James Hardie directors
- investors adversely affected by the class action settlement with Macquarie Bank Limited, concerning their investments in Storm Financial Limited
- persons of interest in ICAC operations Credo, Spicer, Dasha and Aero public hearings
- executives the subject of a NRL salary cap investigation concerning the Parramatta Leagues Club
- institutions and their employees involved in the ASIC BBSW investigation and the later Federal Court cases
- persons involved the ANZ Cartel Case, following an ACCC Investigation into alleged cartel conduct
- academics the subject of University internal investigations, including into allegations of research misconduct
- persons targeted in criminal investigations undertaken by the ATO and AFP into alleged income tax offences
- Whitebox Trading and its director, in their successful defence of the Federal Court proceedings brought by ASIC for alleged market offences
Thompson Eslick also assists clients to resolve disputes without recourse to litigation. It has advised on internal disciplinary proceedings and investigations brought by employers against employees; assisted in the resolution of disputes under an employee share scheme; advised on redundancy and separation arrangements between employers and employees; and advised on business insolvency and partnership dissolutions.
In 2020, Thompson Eslick entered into an arrangement with Watson Mangioni Lawyers to share expertise and resources in the regulatory area. In addition to continuing to service its own clients, the firm now collaborates with Watson Mangioni on various matters.