Opportunities to develop your legal practice at Brett Davies Lawyers

“We buy law firms to ‘tuck into’ Brett Davies Lawyers”

“We hire the best lawyers in Australia”

If you feel that your law firm or career path would benefit by being part of our team then consider joining a law firm that is expanding and has a transparent path the principal.

Brett Davies Lawyers is part of the Australian Securities Exchange listed Integrated Legal Holdings (IAW). Brett Davies was the founder of ILH. Brett Davies Lawyers serves the whole of Australia currently from its Perth office. We grow from “tuck ins”, sourcing great lawyers and internal growth by training our lawyers. We seek:

1. Taxation and Superannuation lawyers – Perth, Sydney and Melbourne

Brett Davies Lawyers has a national specialist tax and superannuation law practice. We are a private law firm; we only take on clients referred by other lawyers, accountants and financial planners. We have successfully attracted tax and superannuation lawyers from the Australian Tax Office and large accounting houses since 1994.

From Articled Clerks with a proven love of tax to tax lawyers with a client base – we have opportunities for you at Brett Davies Lawyers. As part of an ASX listed company, we have the additional benefit of Employee Share Plans and a transparent path to principal with profit share.

For a confidential discussion: Practice Manager, Katherine Dunmill, 08 9325 7999 or Brett Davies, 08 9325 8033 or 041 998 0972. http://www.taxlawyers.com.au/Workingwithus.htm

2. Estate Planning, Taxation and Superannuation Practices – Perth

Are you running your own practice by yourself, or with partners in these areas of practice? Brett Davies Lawyers is seeking to purchase law firms (or parts of law firms that work in these areas) to be “tucked into” the Brett Davies Lawyers’ practice. Partners are welcome to continue full time indefinitely and build their practice, part time or leave. There is also plenty of opportunity to wind down your hours of practice over an agreed period. It is a perfect opportunity for a law firm owner to realize value for their lifetime’s work and protect loyal staff and clients.

If your law firm is about to ride a wave of growth then we can structure the remuneration to fully value that future growth.

What is the value for older Partners selling their practice into Brett Davies Lawyers?

  1. Payout any partner loans, from proceeds of WIP and debtors and cash purchase price and dividends from shares

  2. Reduce risk by removing personal guarantees for loans, overdrafts and leases for the practice

  3. Put floor on income via salary – also sick leave, annual leave and long service leave

  4. Passive income from dividends and opportunity for capital growth of the shares

  5. Reduced reliance on one form of income being 100% share of profits of the practice

  6. Through the profit sharing and expected growth in profits of the practice, increase overall income in the medium term (above what currently earning, with less risk)

  7. Receive fair capital value for your practice now, rather than later. A value that you might not have otherwise got. Continue to grow and gain greater income from the practice

  8. Succession planning - younger equity partners and senior associates, through a more corporate approach are able to move up to add to and where required, replace retiring partners. Partners can leave with dignity and with proper succession, as they see fit

Why would younger Partners want to sell and join Brett Davies Lawyers?

  1. Increased personal growth, professional development and opportunities

  2. Achieve higher growth in the business and therefore, through profit share, higher income

  3. Get bigger using tuck-ins, employee share schemes, and lawyers moving within the group (rather than being lost to the group)

  4. Get better by sharing Best Practice – sharing systems and knowledge by each Member Firm. E.g. Standardised marketing materials for Member Firms to present, pursue and target their own ‘tuck-ins’

  5. Get Broader by getting work from other Member Firms – many middle sized practices don’t work in all areas and therefore may lose work, this work can now be kept in the group

  6. Best Practice encourages the institutionalising of the clients by allowing non-partners to service clients thus increasing the principal’s leveraging (increasing rate of more fee-earners per principal). The Principal is encouraged to manage and financially reward for increasing profits rather than hoarding clients and work – greater corporate approach

  7. Above reasons for older practices: reduce risk

  8. No cost of moving into a principal profit sharing position – equity position without capital

  9. Transparent succession planning and Path to Principal allows orderly transition. This encourages lawyers and senior associates to work through the system to get to Principal level at a Member Firm, while receiving proper and fair valuation through salary and the Employee Share Scheme

  10. Orderly and documented Succession Planning allows older partners to retire to make way for younger partners, without any short term upheaval or adverse affect on profits

  11. We expect that within 3 – 5 years you move back to what you were earning before the sale – plus you keep your purchase price, the shares in ILH, have no cost of capital and get annual leave, sick leave and long service leave.

For a confidential discussion: Practice Manager, Katherine Dunmill, 08 9325 7999 or Brett Davies, 08 9325 8033 or 041 998 0972. http://www.taxlawyers.com.au/Workingwithus.htm

3. Family Law Practice – Perth base

Brett Davies Lawyers acquires Family Law practices or principals with $200k to $3m in annual revenue. Added value is achieved where the principals demonstrate a growth strategy going forward under the Integrated Legal Holdings model and be able to win family law business from other Integrated Legal Holding Ltd’s other law firms across Australia. Achieved growth is well rewarded. Although less value is realized we also purchase practices where some or all of the partners wish to retire.

You keep your WIP and debtors. At no cost Brett Davies Lawyers collects your WIP and debtors for you.

There is also opportunity to expand this family law practice across state borders.

For a confidential discussion: Brett Davies, 08 9325 8033 or 041 998 0972. http://www.taxlawyers.com.au/Workingwithus.htm

4. Senior Litigation Tax Lawyer - Perth

Brett Davies Lawyers operates a national specialist tax and superannuation law firm. We are a private law firm. We only take on clients referred by other lawyers, accountants and financial planners. Some law firms seek to practice in all areas, at Brett Davies Lawyers we take on the highest quality lawyers with expertise in our chosen areas of expertise.

We are seeking a senior litigation solicitor or partner with extensive tax litigation experience to join us. A client base is an advantage, but not a necessity. The practitioner will have excellent skills in conducting litigation files, with or without external Barrister support.

As part of the ASX listed company – Integrated Legal Holdings www.ilh.com.au, we have the additional benefit of Employee Share Plans and a transparent path to principal with profit share.

For a confidential discussion: Practice Manager, Katherine Dunmill, 08 9325 7999 or Brett Davies, 08 9325 8033 or 041 998 0972. http://www.taxlawyers.com.au/Workingwithus.htm

5. Litigation practice - Perth

Brett Davies Lawyers purchases litigation practices (or parts of the practice) with annual revenues of $200k - $3m. As part of the ASX listed company – Integrated Legal Holdings www.ilh.com.au, we have the additional benefit of Employee Share Plans and a transparent path to principal with profit share. Those partners that wish to stay and continue to grow their practice receive ongoing rewards. We expect that within 3 – 5 years those partners to be earning what they were earning pre-sale plus keep their purchase price, shares in ILH, no cost of capital and get annual leave, sick leave and long service leave.

For those partners that wish to retire this can be accommodated immediately, or you can continue to work part time, as you wish.

You keep your WIP and debtors. At no cost Brett Davies Lawyers collects your WIP and debtors for you.

For a confidential discussion contact: Practice Manager, Katherine Dunmill, 08 9325 7999 or Brett Davies, 08 9325 8033 or 041 998 0972. http://www.taxlawyers.com.au/Workingwithus.htm

6. When the Principal of a Law Firm Dies

It is a difficult time when a principal of a law firm dies. The spouse or executor may not themselves be lawyers. A senior lawyer needs to be put in place immediately. Often value is lost if a sale is not achieved quickly. As part of ASX listed Integrated Legal Holdings (IAW), we can promptly and professional negotiate the sale of the law firm to Brett Davies Lawyers and comply with ethical and legal standards in the maintenance of the practice.

We can put in place an agreed succession plan in case of your untimely death. This is set up with full discussions with you, your spouse and your accountant. It is like an insurance policy for your practice. This allows you to protect this valuable asset and your excellent reputation that you have spent years building up.

For a confidential discussion: Practice Manager, Katherine Dunmill, 08 9325 7999 or Brett Davies, 08 9325 8033 or 041 998 0972. http://www.taxlawyers.com.au/Workingwithus.htm

7. Retiring lawyers wishing to sell their business

You have worked hard many years to build up your business. Eventually we all finish being lawyers. If you are ready to retire then Brett Davies Lawyers may well be a willing purchaser of your law firm. You can retire on the spot, or can wind down your practice by working part time with us, as you wish. You never know, being part of Brett Davies Lawyers may change your mind about full retirement.

Even though your retirement may be many years away we are happy to talk about what we can offer and set up a plan of action.

You keep your WIP and debtors. At no cost Brett Davies Lawyers collects your WIP and debtors for you.

For a confidential discussion contact: Practice Manager, Katherine Dunmill, 08 9325 7999 or Brett Davies, 08 9325 8033 or 041 998 0972. http://www.taxlawyers.com.au/Workingwithus.htm