Australia's Slater & Gordon, the world's first publicly listed law firm, is set to acquire U.K. personal injury specialist law firm Russell Jones & Walker for �53.8 million in a Legal Services Act first. The takeover, which is subject to regulatory approval, marks the first outside of the Australian market for Slater & Gordon.
January 31, 2012 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Australia’s Slater & Gordon, the world’s first publicly listed law firm, is set to acquire U.K. personal injury specialist law firm Russell Jones & Walker for £53.8 million in a Legal Services Act first.
The deal will be structured with an initial cash payment of £36.4 million in cash, of which £8.8 million will be deferred for up to two years subject to performance targets, while £10.3 million will be used to pay off RJW bank debt. Slater & Gordon will also issue £17.4 million in shares.
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