LAWYER WITH A DIFFERENCE
Written on the 9 January 2015 by Karen Rickert
STRETEN Masons Lawyers has capitalised on its reputation of being a one-stop shop for a range of legal matters, reporting 774 per cent growth in revenue since inception.
Craig Mason (pictured) and business partner Jeremy Streten decided to forge paths as business owners in 2012, leaving their jobs as lawyers to create their own.
Established with Mason's father, Michael Mason, the firm has expanded across two locations in Morningside and Caboolture with 14 employees.
Mason says it was challenging initially to balance his caseload with day-to-day operations of running a business.
"The most difficult part was the behind-the-scenes running of the business, so financials, analysing profit and loss and cash flow," Mason says.
"You don't learn about that from either studying law at university or as an employed solicitor at a firm. In the early days, we got a business mentor and that's helped us immensely."
Streten Masons Lawyers covers a wide range of services, including conveyancing, property investment, insolvency, construction advice and commercial and corporate law.
The firm doesn't specialise in one particular area of expertise, but rather specialise in a type of client - small to medium-sized businesses.
Mason says another distinguishing factor from the competition is the firm doesn't use time sheets and offers an all-inclusive, comprehensive legal advice package for a fixed fee.
"We made the conscious decision when we first started, to implement value pricing and fixed fees," he says.
"All of our clients know what the fee is going to be and there's no problems down the track.
"I think our clients appreciate it because they know that they're getting a holistic approach from us and the total fee, so there's no hidden surprises at the end."
Streten Masons Lawyers has also partnered with social organisation, Buy 1 Give 1 (B1G1), which embeds charitable donations in each transaction a business makes.
"The way that works is for each matter that someone might handle, we've allocated a charity to each particular case and part of the fee goes to B1G1 and they give it to the relevant charities from there," Mason says.
"Our motto is 'solutions for a better life' and giving people that are less fortunate a chance at a better life is part of that."