In his role as Managing Partner of Clients and Markets, Cain is the driving force behind the firm’s client-centric approach and market initiatives. He helps shape the firm’s strategic direction, ensuring that it aligns seamlessly with the needs of clients and the dynamics of the insurance industry.

Central to Cain’s role is an unwavering commitment to understanding clients’ needs and delivering not only the best legal advice but innovative solutions that transcend conventional legal frameworks. Clients benefit from Cain’s ability to think outside the box, and to translate complex legal and commercial issues into practical strategies.

Cain leads a dynamic team, fostering a collaborative and innovative culture that empowers individuals to deliver exceptional service to clients. His visionary approach helps create an environment where ingenuity and smart solutions thrive!

In addition to his leadership role, Cain remains hands-on, actively advising key clients on pivotal strategic matters. Widely regarded as “one of the most impressive people” in the insurance industry by industry commentators, Cain continues to offer top-tier counsel to clients, particularly in high-stakes, complex areas such as D&O, professional indemnity, and financial institutions coverage and defense work.

Class Actions

  • Currently acting for the primary D&O insurers in numerous securities class actions across the country including Australia’s two largest.
  • Advising the primary D&O insurer in the Myer litigation, Australia’s first securities class action to run to judgement and the leading authority in this area.
  • Acting as coverage counsel for the primary D&O insurer in the high-profile securities class actions against Slater & Gordon Limited. This litigation involved a novel settlement which combined cutting edge insolvency law with class action and insurance principles.
  • Acting for a global insurer in providing coverage, monitoring and strategic advice about the management a group of more than 50 securities class actions in the U.S.

Directors & Officers

  • Acting as defence counsel for the former chairman of United Petroleum in United Petroleum v Herbert Smith Freehills.
  • Acting as coverage counsel for the primary D&O insurer in a dispute over a AUD1.5 billion acquisition by a global corporation from private equity.
  • Acting as defence counsel for a corporate advisory practice in its role as adviser in an ASX-listing in three Supreme Court proceedings brought by the receivers and liquidators of an aged care retirement trust for AUD100+ million.
  • Acting as defence counsel for the auditors of collapsed agribusiness giant, Willmott Forests Limited.

Financial Institutions & Professional Indemnity

  • Acting for the financial institutions insurers of collapsed stockbroking firm, BBY.
  • Acting for financial institutions and professional indemnity insurers in respect of various managed investment scheme or financial product collapses including Westpoint, Ltd Capital, Trio Capital, Willmott Forests, Timbercorp, Great Southern and Arafura Pearls.
  • Acting for reinsurers of several of the “Big 4” banks in respect of alleged product misselling.
  • Acting for investment manager insurers regarding a AUD55 million action involving the implementation of al allegedly defective IT system.
Areas of Expertise
  • Class Actions
  • Directors + Officers Liability
  • Financial Institutions
  • LitigateSMART
  • Professional Liability

Industry Representation
  • Financial Institutions + Services
  • Professions + Business Services

Professional Affiliations
  • Australian Insurance Law Association
  • Australian Professional Indemnity Group
  • Law Institute of Victoria