Intersect member, Christos Tsonis from CXT Legal is a breath of fresh air in Intersect – he has turned the traditional lawyer model on its head. His growing legal consultancy company has thrown out time sheets, paper, hourly billing and even the mahogany ‘lawyer’ desk, all while providing fixed cost certainty to clients on complex projects. It therefore comes as no surprise that other Intersect members are keen to benefit from CXT Legal’s expertise in corporate, commercial and financial services law, and their approach in delivering outcomes for their clients.
Leading Corporate Advisory firm SRG Partners was one of the first Intersect firms to work with CXT Legal. The work involved helping a generational iconic business with a divestment. “We needed legal expertise around verification of the deal’s structure, document preparation and an alignment of commercial objectives,” said Mark Seatree, Managing Director of SRG Partners. “It all had to be done in a bespoke manner – and fast – and we were really impressed with CXT Legal’s ability to offer certainty on budgets and timing as well as understanding the commercial drivers of the deal. It was also a bonus that we’re in the same building, so that any queries could be sorted out straight away.”
CXT Legal’s growing team has been part of Intersect for less than a year, and is known within South Australian and interstate markets for its expertise in large-scale mergers and acquisitions. The firm has recently been engaged on two interstate private treaty transactions acting against public companies headquartered in the eastern states.
Christos Tsonis said that efficient systems allow the firm to operate more effectively: “We have invested heavily in cloud-based technologies to improve workflow, security and long-term record keeping. One of the results of establishing the right processes and systems is that we can offer fixed fees with confidence, because we know we are able to absorb the risks. We have a great team of five here, and we’re making rapid progress – our largest deal to date was a $40m restructure and buyout. It’s always great to work with other Intersect members and take part in what we regard is a thriving business community.”