Irwin Mitchell taps trio of banks for £90m funding facility

  • Print
  • Comments (4)

Readers' comments (4)

  • Wow, that is a lot of money, half for building the business, it's not surprising they have been in a panic since Slater & Gordon came into the market and set their stall out.

    You have to wonder who they could consider would be a suitable fit, especially in this market at present, needless to say the beast is getting ready to move... be afraid, very afraid.

    Unsuitable or offensive? Report this comment

  • I, for one, feel really positive about the fact that the tax payer is bankrolling Irwin Mitchell….

    Unsuitable or offensive? Report this comment

  • They must be nuts as must the banks who are lending them the money. Declining market shares, Jackson reforms, sub scale commercial offering, black hat techniques, exiting teams and clients and now a mountain of debt to service. This will not end well.

    Unsuitable or offensive? Report this comment

  • One hopes the banks have agreed a salary cap and a top slice of each partners divi (along with PG's) and debentures all round to provide a mezzanine cushion to a very risky loan scenario - remember that is what these lawyers would advise the banks to do to a similar risk profile client.

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (4)