Have you had a $6 haircut ?

Posted by: Scott Thompson

Heard an amusing story the other day about an old barber in a small town. He was the only barber in town and charged $35 a haircut and he took pride in his work and always did a good cut. A new barber moved into town and opened across the street from the old barber. A large sign went up in the new barber's window stating ' $6 haircuts'. The old barber was very concerned and worried about the impact on his clients and business. He had a long think about it and the next day erected a large sign in his window that read 'We fix $6 haircuts'.

I am seeing the $6 haircut equivalent in our legal industry more frequently. Cheap and in some cases, 'free' legal documents online is one example (Wills, Super funds, trusts etc) . Allowing price to be the only determining factor in choosing a lawyer (or a barber for that matter!) is fraught with danger.

I might have to hang a similar sign to that of the old barber out the front of our office!

Our office is your office

Posted by:  Scott Thompson

Our clients enjoy the complementary use of our meeting room facilities. If our clients need to be in the city for a meeting, or just need quiet time, they have the use of our meeting rooms as a valued extension of their office and business. We view this as an additional service to assist our clients and their businesses. 
Some recent examples of client use of our meeting rooms have been

• Hosted shareholder meetings
• Training seminars
• Off-site employee interviews
• Mediation conferences
• Business meetings with accountants and other advisors
• A quiet base while in the city

Our facilities include

• Quiet corporate meeting rooms
• Latest AV and Teleconferencing facilities including Bluetooth conference speakers for your own mobile phone
• Mondopad 50" Touch screen with electronic white board
• Main meeting room seats 12, removal of internal partition expands room to seat 20
• Complementary tea and coffee
• Catering and Secretarial support (available at client cost)

If you would like to be a client of our firm and benefit from that relationship please contact me so that we can discuss what we can do for you.

10,000 hours Business Forum

Posted by: Scott Thompson

 

I attended the Macquarie Bank  10,000 hours Business Forum yesterday. The take aways for me were;

1. 'Digital disruption' will only increase;
2. Change management becoming more focused and a specialised need for successful businesses; and
3. Innovation should be factored as a growth strategy.

The economic forecast summary was that:

1. Business outlook would improve over next 6 to 12 months;
2. Commercial investment market strengthening;
3. Occupancies facing a broader upswing, but still a tenants' market;
4. Lower interest rates are here for longer then initially expected;
5. No signs of recession or downturn for 2015-2016;
6. Brisbane residential to have moderate price growth over next 12 months;
7. No housing bubble likely, especially when our banking standards and capital city house prices are compared to other comparable cities. Still playing catch up.

Always a benefit to share business ideas and appreciate how other industries are travelling.

Thanks MBL

Tristan Jepson Memorial Foundation

Posted by: Scott Thompson

We recognise that law firms are notorious for working long, stressful hours and struggle to balance the incessant pulls of work and life. We also appreciate that health and wellbeing is multi-faceted and diverse; subjectively unique for each staff member. Rather than simply introduce band-aid initiatives such as gym memberships and fruit baskets, we incorporate the well being of staff into the heart of corporate strategy and culture through trust, honesty and fairness.

Focusing on achieving improved mental health, our corporate policy switched to smart growth using enhanced technology processes rather than aiming to grow in size.  Clear respected leadership and identifiable expectations are critical for this development.

This strategy allowed the firm to focus in, instead of out, promoting stable, personal relationships between long standing employees and free up capital to invest in employees' professional and personal development, as opposed to expansion.  Relaxed lawyer budgets, supplying daily healthy breakfasts, offering birthday leave, extended annual leave and work anniversary gifts of appreciation, have fostered a culture of kindness, respect and reduced stress.  Directors also became more accessible to support staff during ever-changing life and career stages, creating a psychologically healthy and socially supportive workplace.

This culture shift became the catalyst for implementing a 100% paperless legal process and remote access working environment, to provide the support and flexibility staff requested to better meet the demands of modern family life or pursue further study, without relinquishing meaningful roles or career advancement. 

We are also pleased to announce the firm has recently become a signatory to the Tristan Jepson MF Psychological Wellbeing Best Practice Guidelines.

The Guidelines are intended to support lawyers, law firms and others working within the profession to raise awareness of mental health issues, and to understand the initiatives and methods of management that assist in the creation and maintenance of psychologically healthy and supportive workplaces.

To view the guidelines click here.

Agribusiness Monthly

Posted by: Kylie Wilson   The Agribusiness Monthly provides timely information and analysis on agricultural conditions, commodity price updates and commentary on the latest sectoral trends and developments.

Key highlights Wheat – Global wheat prices not immune to large production setbacks despite stocks building to 198 million tonnes Beef – Follow up rain and demand from the US will drive prices in coming months Dairy – Dry conditions in New Zealand have been the main catalyst for the recent improvement in prices however, a major recovery in global commodity markets is still a few months away FX – Further forecast falls in the AUD/USD reflecting weak economic fundamentals, ongoing signs of slower economic growth in China, potential fore more interest rate cuts Sheepmeat - Sheep prices are expected to remain steady through March with rainfall in early 2015 supporting better quality lambs and strength in the US and Middle East markets

Click here to view the New Zealand Report.

Do you have assets in other parts of the world? – International Wills

Posted by: Valerie Chagnon-Couture 

Those of you who hold assets in a country other than Australia will be interested to know that Australia is now a signatory to the Convention Providing a Uniform Law on the Form of an International Will 1973 and the Convention will enter into force on 10 March 2015 in Australia.  The Convention aims to simplify the preparation and witnessing requirements of international wills across countries that are party to the Convention.

An international will must meet certain requirements set out by the Convention.  Firstly, it must be signed by the testator in the presence of 3 independent witnesses.  One of those witnesses must be an 'authorised witness' such as an Australian lawyer or notary public.  The authorised person must then provide a certificate stating that the process for preparing the international will has been complied with. 

If you think you might need an international will or assistance with any aspect of your estate planning, please contact our Succession Planning team

Planning to Facilitate Prosperity

Posted by: Dale Ellerman 

On 25 November the Queensland Government introduced its new planning bill into Parliament – the Planning and Development Bill 2014. This was accompanied by two further bills one of which will establish the Planning and Environment Court under its own dedicated enactment. The changes that these proposed new laws will bring about will be the most significant to have occurred since the coming into effect of the Integrated Planning Act in 1998. Understanding the intended effect and operation of the legislation is relevant to arriving at the right development strategy, options and choices for any proposal. The stated aim of the new planning act is to "facilitate prosperity" and this aim manifests itself in changes in approach to many facets of the law and practices to which we have all become accustomed over the last 16 years. This is the start of a new learning curve for all developers and planning professionals not to mention Councils and the judiciary.  The journey begins.