The work to develop the Slater & Gordon brand in the UK has made it one of the three best-known law firms in the UK, with one in 10 consumers recognising its name, the firm has told shareholders.
Slater & Gordon has announced UK revenues of just over £100m for its last financial year, and indicated that further acquisitions are to come in the coming 12 months.
Law firm network Connect2Law is to live on separately from Slater & Gordon-owned Pannone after a deal struck with its former head, David Jabbari – with S&G launching its own referral network at the same time.
Consumer demand for lower costs means the divide between solicitors and barristers will not be sustainable, the managing director of Slater & Gordon has predicted. Andrew Grech also told sceptics of his firm’s publicly listed status that business structures do not protect ethics.
Slater & Gordon has become “one of the UK’s largest general law firms” after completing the acquisition of Manchester-based Pannone on Friday – and indicated that it has not finished buying up practices.
Slater & Gordon focuses on “consolidation” after acquisitions spree – but what about Simpson Millar?
Slater & Gordon is to concentrate on improving the performance of its UK operations, after an acquisitions spree that it claims has given it a 5% share of the claimant PI market. It remains unclear what progress is being made with the previously announced deal to buy Simpson Millar.
Slater & Gordon has announced a commitment of more than £500,000 to help fund research into the social and medical issues that impact its clients. Meanwhile, Minster Law has opened a 30-strong London office as part of its continuing growth.
If anyone wanted to see what alternative business structures can achieve, they need look no further than Slater & Gordon. If you take into account the sum announced as going towards buying Simpson Millar – a deal currently on ice – S&G has committed around £150m towards its UK expansion since first announcing the acquisition of Russell Jones & Walker in January 2012. Could it have achieved this without being a listed company? I’m no financial expert, but I doubt it; raising money through share issues has been key, although debt levels are up sharply as well.
Slater & Gordon will have more than 5% of the UK personal injury market, and number one or two market share position in most consumer law practice areas, it claimed today after announcing details of its long-awaited acquisition of Manchester firm Pannone.
The next stage of QualitySolicitors’ latest advertising campaign to persuade the public to love lawyers went live yesterday with a series of television adverts. Meanwhile, Slater & Gordon launched the latest part of its TV campaign with an advert focused on employment law.