Mirimar Legal Redefines Property Legal Practices
September 30, 2002
Mirimar Legal Redefines Legal Practices For Property Market
Specialist property legal firm Mirimar Legal has successfully redefined the way traditional law is practiced to better meet the needs of New Zealand’s prospering property industry.
Mirimar Legal is one of the first law firms in the country to find alternatives to the cliched hourly-rate’ and has developed a systems-dependent business to provide clients with predictable and consistent legal fees, shorter turnaround times and highly specialised property legal services.
Mirimar Legal assesses each new piece of legal work and prepares a budget estimate for the client before any legal work is carried out offering clients a per transaction cost rather than a ‘ball-park’ hourly-rate figure.
Managing partner of Mirimar Legal, Bradley Watson, says this provides the client with a known fee up-front and assists in more accurate budgeting.
“In today’s property market hidden costs are the killer of many investments, deals, home purchasers, and ventures,” Bradley says. “And our philosophy of being straight-up with clients has proven extremely successful.”
Due to this philosophy,
as well as the significant changes in the property
Mirimar Legal’s property division has grown threefold in the past two years.
“Since 1998, we have seen dramatic growth in the property market, in both commercial and residential arenas,” Bradley says.
“This growth has attracted many new developers and investors into the industry, and increased competition means developers and investors must work to tighter budgets and shorter timeframes, and legalities of such transactions have become more critical to ensuring success.”
“Two years ago there was an obvious gap in the market place for Mirimar Legal to better meet these new demands of the property industry by adopting a per deal fixed fee and develop systems to speed up the document formation process,” he says.
The firm uses leading-edge precedence software to assemble legal documents allowing the Mirimar Legal team to spend more time with each client strategising and advising on deals rather than on lengthy paperwork.
Furthermore, Mirimar Legal’s modern business philosophy is revolutionising the way clients put deals together.
“We realise law is only one aspect of any personal or business deal and to be successful you must operate with other professional services as a team,” Bradley says.
“We work closely with accountants, real estate agents, financiers and developers to offer clients with a ‘one-stop-shop’ package of legal services ensuring at all times that any venture is structured correctly, is tax effective and is protected.”
Mirimar Legal also has expertise in commercial law with over 20 years of business experience and can advise on company law, family law, trust and taxation planning, and estates.
Mirimar Legal’s specialised property legal services include residential conveyancing, subdivisions, development, commercial leasing, business structuring and finance.
The firm also offers skilled-counsel in areas of litigation ranging from resource management to planning.