Slater & Gordon failed to carry out good enough due diligence checks before buying Quindell’s professional services division this time last year, a partner at the UK’s first listed law firm has suggested. Andrew Evans, partner at Gateley, said S&G paid “far too much”.
Slater & Gordon (S&G) has remained tight-lipped as two Australian law firms invite shareholders in S&G to register for potential group actions against it. One of the firms, Maurice Blackburn, said concerns centred on the “timing and accuracy” of information released by S&G.
Your Legal Friend, a trading name of Liverpool law firm Camps Solicitors, has confirmed that it has launched its long-awaited shareholder group action against Quindell plc.
The TV advertising battle between legal brands stepped up this week with Slater & Gordon launching a new campaign with the message ‘Your case is our cause’. Meanwhile, the share price of Quindell plc, part of which S&G is in talks to buy, continues to fluctuate.
The number of current and former shareholders in AIM-listed alternative business structure Quindell registering with a Liverpool law firm for a potential group action has doubled to over 500.
North-west firm Fletchers Solicitors has launched a medical negligence marketing network with three other niche practices in a bid to compete with the biggest players in the market.
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.