- Small-Mid National Law firm
- Recipient of Numerous Awards
- Uncapped Earnings for You as a Principal
- Substantial Internal Referrals
- Internal Marketing and Bid Services Provided
- Centralised Administrative and Financial Management
This is a firm with a deep level of technical capability while also being relatively young, respectful, and highly collaborative. It has established itself as an award-winning full-service commercial law firm that is driving transformation in the legal profession. It comprises less than 55 Principals nationally, offering services across 20+ practice areas, from 4 offices across Australia. Some of the many benefits include:
- providing a full service offering to you and your clients.
- internally generated and referred work of approximately 40%.
- government legal panel work.
- internal marketing and bid/tendering services.
- cloud based technology for you to plug into without any further investment.
- staff wages removed from your responsibility and onto theirs.
- unlimited legal, para legal, and secretarial support.
- all the services and support you need from operations and finance, including debt recovery.
Unlike conventional law firms, the Board has removed outdated conventions that hold so many lawyers back:
- No longer will you have billable hour targets and budgets as you work whatever hours and take as much annual leave as you choose.
- There are no restrictive policies in relation to charge-out rates as you choose how you meet your client demands on fees.
- Partner meetings and financial reporting is no longer a burden as you control what you do and how much you bill.
- Presentee-ism is non-existent as you may work from their CBD offices or remotely from your home.
- For any sole practitioner, the administrative and financial micromanagement of running a practice is delegated to the central operational team to handle for you.
The result is a modern, progressive law firm, that provides generous market-leading financial rewards to their Principals, true flexibility, genuine decision-making, as well as total control of your own practice. And it works.
They are lauded as one of Australia's leading practices in key areas of law, as well as for their innovation to the point where they have been the recipient of numerous awards.
THE ROLE
The Board has strategic growth plans of expanding further with the lateral appointment of an additional Principal to two of their Brisbane practice groups. Essentially your skillset may include one of these key areas:
Dispute Resolution:
- Corporate Insolvency - secured recovery; preference claims; oppression actions; shareholder litigation; directors' duties; winding up applications; corporate restructuring and trade-on arrangements; or
- Construction Litigation - BIFA claims; security of payment issues; adjudications; construction disputes; or
- General Commercial Litigation - disputes under the Corporations Act; breach of contract; Consumer Protection issues; real property disputes; resources disputes.
or Family Law:
- binding financial agreements;
- de facto issues and divorce applications;
- property settlements;
- children's issues including parenting plans and child support assessments;
- spousal support;
- domestic violence matters.
or Corporate Commercial:
- Mergers & Acquisitions - capital raisings; private equity; equity capital markets; business and company acquisitions or disposals, as well as takeovers;
- Corporate Advisory - corporate start-ups and restructures; joint ventures; regulatory compliance; corporate governance.
or Workplace Relations | Employment Law:
- drafting and advising on employment agreements and contracts;
- enterprise bargaining agreements;
- front and back-end workplace health and safety matters;
- unfair dismissal proceedings and unlawful terminations;
- restraint of trade issues; and
- workplace harassment and bullying claims.
or Property Law:
- complex commercial, industrial and residential property transactions;
- property development;
- off the plan contracts;
- body corporate and community title matters including advising on titling structures and good governance of community title schemes, by laws, and new community management statements;
- body corporate litigation and dispute resolution;
- retail, commercial and industrial leasing transitions;
- liquor licensing and gaming; and
- planning and environment litigation.
or Construction Law:
- advising on major infrastructure, construction, engineering and contract mining litigation.
- BIFA claims, contractual disputes, time related claims such as liquidated damages, variation and latent condition claims, defective work and negligent claims, disputes concerning release of security and debt recovery.
WHAT THEY ARE OFFERING
This is a lateral appointment at Principal level were your earnings will be uncapped and limited only by your own application to work. This is not to work harder, but smarter, allowing you to focus on servicing your clients without the distraction of administrative issues. Your earnings will be well in excess of industry benchmarks without the need to compromise on prestige or resources. As a guide, if you have professional fees of:
- $400,000 then you will earn $280,000 p.a. at this firm.
- $600,000 you will earn $420,000 p.a.
- $750,000 you will earn $525,000 p.a.
- $1.2M you will earn $840,000 p.a.
- $1.5M you will earn $1,050,000 p.a.
While other firms are cost-shedding to maintain their profit pool, this firm maintains an extensive back-office infrastructure that underpins the very success of each Principal. They have had zero redundancies during Covid, have maintained a seamless transition to working remotely, and have exceeded their earning projections during and after lockdown.
OUR EXPERIENCE
In challenging times, there has been the need for law firms to recalibrate in order to maintain a competitive advantage and a sustainable profit pool for its Principals. Those that have managed this have emerged as magnets to other Principals looking to transition their clients to a more innovative and profitable platform.
With 30 years as specialist consultants to the legal profession, Law Staff has an impressive history of facilitating critical intelligence on:
- Individual profitability of the relevant firms;
- Partnership structures and equity distribution;
- Strategic growth plans;
- Cross practice compatibility;
- Historical transitions;
- Performance expectations; as well as
- Partnership culture.
In addition, our Senior Client Advisors have assisted hundreds of Partners in transitioning to more profitable firms or platforms, and a list of Partner references can be made available at your request.
THE NEXT STEPS
At Law Staff we maintain the highest protocols during Covid and therefore offer a meeting over Teams, Zoom or FaceTime, as well as offer a contactless meeting in a lounge room setting for a relaxed confidential discussion over coffee/tea, allowing you to comfortably provide us with an understanding of your considerations in that next move.
For a uncompromisingly confidential discussion, please quote REF: GCP070622 and contact either:
- Craig Ashton-Sward (Director & Senior Client Advisor)
- craig@lawstaff.com.au
- 0413 743 838 (8:00 am to 8:00 pm 7 days)
- Trudy Reading (Senior Client Advisor)
- trudy@lawstaff.com.au
- 0401 504 203 (8:00 am to 8:00 pm 7 days)
LawStaff | Level 22 HSBC Building | 300 Queen Street | Brisbane