C A S E S T U DY : Law Firm: Simpson Grierson Simpson Grierson is one of New Zealand's largest commercial law firms. Background " Maia Financial has partnered with Simpson Grierson for With more than 330 staff and offices in Auckland, Wellington and close to two decades. The team Christchurch, Simpson Grierson is one of New Zealand's largest understands our business and commercial law firms. Simpson Grierson offers specialist advice our drivers and is able to tailor across all areas of commercial law. solutions to meet out requirements." The Challenge "Our partnership approach As a professional services firm, attracting and retaining talent is allow seamless upgrades to be critical to success. With the rapid rate of technology change that has carried out at regular intervals. occurred over recent decades, maintaining current IT assets has This ensures productivity levels become an important mechanism to achieve Simpson Grierson's are maintained and also looks talent objectives. However, in doing so, Simpson Grierson required after our expenditure." a finance solution that allowed the firm to avoid lumpy capex spend. MATTHEW TAYLOR Chief Operating Officer Simpson Grieson Discover more at maiafinancial.com.au MATHEW TAYLOR Chief Operating Officer, Simpson Grierson Chief Operating Officer, Simpson Grierson MATHEW TAYLOR Chief Operating Officer, Simpson Grierson C A S E S T U DY Law firm The Solution Maia Financial has been working with Simpson Grierson for close to Fast Facts: two decades, managing regular refreshes of information technology equipment. By utilising a leasing solution with a regular upgrade plan, • Simpson Grierson Simpson Grierson is able to achieve its financial goals. Equipment life has been a client of is matched to the lease term, locking in a fixed cost over the period Maia Financial since of the contract and allowing utilisation of the operating budget rather 1996. than the capital budget. • Maia Financial has This approach also supports operating goals. A high level of Staff funded in excess of productivity is to be maintained and engagement is enhanced via the AUS$16 million of provision of best-in-class tools and systems. equipment. The Outcome "As a large professional services firm, our people are critical to our success," said Mathew Taylor, Chief Operating Officer at Simpson Grierson. "It's for this reason we are committed to providing access to current technologies that support our team's ability to deliver for our clients and which enhance their working environment. "Cash flow is also critical. The long-standing nature of our partnership with Maia Financial is a validation that our approach to managing our financial goals works. Our cash flows are predictable, our P&Ls are healthy month to month and we are still able to maintain a current portfolio of information technology assets. "The original premise for leasing continues to hold and the Maia Financial team continue to deliver for us," he said. The information contained in this document (Information) is confidential and is provided to recipients on a private and confidential basis. The Information is com-mercially sensitive to Maia Financial Pty Limited ACN 008 655 025 (Maia Financial) and it must not be disseminated or disclosed without the prior written consent of Maia Financial. Whilst this document has been prepared with all reasonable care and after due inquiry, no representation or warranty (express or implied) is pro-vided as to the accuracy, reliability, reasonableness or completeness of the Information. Maia Financial cannot guarantee the accuracy of any predictions of future projections. The recipient must make their own independent assessment of the Information after making further inquiries. This document is a guide only. It does not constitute any recommendation on behalf of Maia Financial and it is not intended to be advice. To the maximum extent permitted by law, each of Maia Financial and all of its related bodies corporate and their representatives, directors, officers, employees, agents and advisors do not accept any responsibility or liability for any loss caused by any action taken by you on the basis of the Information or any opinions expressed in this document..