Flowing from a Strategic Planning Session in April this year, which focused on how to expand the One Direct Advisory Business, both geographically and for market penetration, the ODA Advisory team have announced a planned move to be part of the PBL Law Group.
The business model, which ODA has successfully operated by the pro bono Advisors will remain unchanged in that the purpose of the Advisors activities will be philanthropic, and entirely for the financial benefit of NFP charities.
ODA Advisory and PBL Law have had a Joint Venture arrangement since 2020, and the move to formalise this relationship will be more efficient for both parties.
Raea Khan, Principal of PBL Law, has said that with the Advisors joining PBL Law, it will allow for the expansion of the existing PBL Law Pro Bono legal activities and enable a wider range of Advisory Services to be offered to clients.
The administrative and formal establishment of this combined team is well advanced and an official launch date will be advised shortly.
In terms of the Advisors focus, the key benefits and changes will be:
- One Direct Advisory Advisors will join PBL Law Group, under the business name of ODA Advisory Pty Ltd.(ODAA).
- The ODAA Advisors will operate from co shared offices at Gosford, and in George Street, Sydney, with the PBL Law teams. The ODAA Advisors and the PBL law teams will enjoy a closer and beneficial professional relationship in servicing clients.
- Whilst ODAA will be a wholly owned subsidiary of PBL Law, it will be independently managed, with its own Board, and with the sole establishment purpose to generate surpluses to be distributed to charity.
- All ODAA advisors will continue to provide their services on a Pro Bono basis to ODAA in meeting client needs.
- The charitable beneficiaries of the ODAA activities will be expanded to a small number of needing charitable NFPs, who will receive annual donations from fees flowing from ODAA Advisory activities.
- The advisory services provided by the ODAA are largely unchanged, but will have greater legal service availability, including:
- Mergers and Acquisitions, including Legal Due Diligence
- Corporate Structuring and Transactions, and legal impacts
- Legal contract/law guidance
- Strategic Planning
- Governance
- Corporate Finance Advice / structuring and restructuring
- Dispute Resolution
- Executive Human Resource Advisory Services.
- We expect activities in our target market sectors of small to medium Corporate businesses and in NFPs, especially those operating in the Aged and Community Care sectors, will be expanded considerably.
- ODAA embraces collaboration and in regard to the Aged and Community Care Sectors, ODAA has negotiated a new high level relationship which will significantly enhance joint activities in this sector. Look for a media announcement shortly.
Ron Thomsen, Director of ODAA, said that he welcomed this next stage of development of the philanthropic business. The planned expansion will better use the growing pro bono advisory team resources, add enhanced legal advice to the service range and meet wider client and Community needs.
Further details will be available, including a new web site, in the coming month.
Contacts for further information:
Ron Thomson
ODA Advisory
ron.thomsen@bigpond.com
Raea Khan
PBL Law Group
raea@pbl.legal
