Slater & Gordon continue to grow
Slater & Gordon, the rapidly expanding law firm which is headquartered in Australia, has continued its acquisition drive with a deal for the Personal Injury book of a well known Yorkshire firm.
Slater & Gordon embarked on a UK acquisition spree in January 2012 with the purchase of Wakefield based Russell Jones & Walker and has since announced it was in talks to buy Leeds - headquartered Simpson Millar although discussions have been deferred until 2014.
The firm is also in talks with Pannone in Manchester, but has sealed deals for Taylor Vinters' Cambridge based personal injury and Court of Protection practice, Liverpool-based firm Goodmans and personal injury firm Fentons.
Now, it has agreed to acquire Chadwick Lawrence's PI book - which is marketed as Yorkshires Injury Lawyers.
From 2 December, Slater & Gordon will take control of the Yorkshire's Injury Lawyers' personal injury and clinical negligence cases.
Chadwick Lawrence, which acquired Leeds-based Godloves last year, is expected to use the funds generated by the deal to support its growth strategy.
Earlier this month, Slater & Gordon which employs 800 staff in 11 locations in the UK, announced it was in talks with a number of firms, including Pannone, in announcement to the Australian Stock Exchange after months of speculation.
It said "Slater & Gordon confirms that, consistent with our previously communicated strategy of actively pursuing opportunities in the UK legal services market and in light of recent speculation in the UK media, the Pannone is a firm with which we are discussing a potential transaction."
The firm added: "We anticipate that discussions with a number of firms including Pannone will continue over the next several weeks."