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Star Entertainment is in emergency talks to avoid a corporate collapse after the NSW government rejected a plea for a financial lifeline, with the casino operator scrambling to access short-term debt amid an ongoing share suspension.

Meanwhile, top-tier lawyers have been granted considerable pay rises over the past financial year, with graduates seeing the most impressive boosts, as employers seek to retain quality staff through attractive bonus options and work perks, The Australian's annual Legal Partnerships Survey reveals.

And Gina Rinehart’s Hancock Prospecting has retained the top spot as Australia’s largest private company with revenue of almost $15bn, while Anthony Pratt’s Visy Industries managed to hold on to second place in a more subdued year for revenue growth among the nation’s unlisted businesses. Check out the Top 500 Private Companies list.