Australia's Slater & Gordon, the world's first publicly listed law firm, is set to acquire UK personal injury specialist law firm Russell Jones & Walker (RJW) for £53.8m in a Legal Services Act first. The deal will be structured with an initial cash payment of £36.4m in cash, of which £8.8m will be deferred for up to two years subject to performance targets, while £10.3m will be used to pay off RJW bank debt. Slater & Gordon will also issue £17.4m in shares.
January 30, 2012 at 04:33 AM
1 minute read
The original version of this story was published on Legalweek
Australia’s Slater & Gordon, the world’s first publicly listed law firm, is set to acquire UK personal injury specialist law firm Russell Jones & Walker (RJW) for £53.8m in a Legal Services Act first.
The deal will be structured with an initial cash payment of £36.4m in cash, of which £8.8m will be deferred for up to two years subject to performance targets, while £10.3m will be used to pay off RJW bank debt. Slater & Gordon will also issue £17.4m in shares.
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