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.
Slater & Gordon yesterday launched its first UK television advertising campaign as it bids to become “a household name”. Costing more than £1m in the launch phase, the firm used M&C Saatchi to create a series of adverts, starting with one on personal injury.
Slater & Gordon has now formally acquired personal injury firm Goodmans, giving the alternative business structure (ABS) a Liverpool base for the first time. Meanwhile, Co-operative Legal Services has launched its academy to offer career progression to all staff.
Slater & Gordon is set to grow its UK business after it announced its first half-year results since the takeover of Russell Jones & Walker. The listed Australian firm – now an ABS in England and Wales – posted a 46.5% increase in its revenue for the last six months of 2012.
Russell Jones & Walker has today announced the completion of its transition to the Slater & Gordon brand name following last year’s headline grabbing merger with Slater & Gordon in Australia – the country’s largest consumer firm and the first in the world to be publicly listed.