Departed employees from superannuation law firm IFS Fairley have set up their own practice following Fairley’s merger with Holding Redlich last month.
The new firm, IFS Legal, will directly compete for business with Holding Redlich in the industry fund legal advice market.
IFS Legal will be run by former IFS Fairley members Phillip Spathis and David O’Sullivan, with support staff and a mortgage and conveyancing department.
“Spathis and myself decided not to go to Holding Redlich with Gary Riordan and most of IFS Fairley’s staff have joined our seven-strong team,” says O’Sullivan.
Spathis says the majority of clients he and O’Sullivan serviced in the last three years through IFS Fairley have now become clients with IFS Legal.
“The objective at IFS Legal will be to build on this support to demonstrate that we are single-mindedly focused on partnership with Industry Fund Services and want to grow with them through professional service,” he says.
Meanwhile, Holding Redlich will look to broaden its offering from industry and self-managed funds, once things settle, to retail funds and master trusts, says Riordan, who is now the partner heading Holding Redlich’s superannuation practice.
