Categories:Australasia

Russell Jones & Walker acquired by listed Aussie firm Slater & Gordon

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Readers' comments (15)

  • That's a long way to go for investment. What happens when the Oz bubble bursts?

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  • What does this mean for bonuses? Will partner be paid bonuses in shares?

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  • First, thank God it's finally started. After waiting years for ABSs to kick-off, we're finally here at last.
    Second, I'm sure there will be plenty of trolls commenting on this (probably ones who are a little nervous and a little jealous too), but the deal is a real starting gun for everyone else in this segment of the market. This is historic stuff.
    This will certainly have a huge impact over the next five years on a whole roster of UK law firms that earned a big crust from PI/Clin Neg - i.e. just about every firm below the top 30. This may not be a Big Bang moment for the top City firms, but for everyone else it certainly is.

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  • UK, USA and Eurozone are bust so the investment had to come from Asia. This is the best cultural fit for both parties. This will give RJW the capital to overtake Thompsons and Irwins within 10 years.

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  • It was only a matter of time before Slater & Gordon moved into the UK market after the LSA was enacted.
    Is this really a game changer or is it too soon to tell? What's the rush to convert, people keep saying there is lots of money to be invested in firms- why the need to be first?
    Saying that, this has to be an excellent deal for RJW - getting to pay off bank debt and be given a load of money to spend on hires - it must feel like Christmas and birthdays all rolled into one.

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  • This firm will gobble up the PI / No-Win - No Fee market like Pacman and pills.
    Competitors had better look out as Slaters are well accustomed to chasing ambulances .... and they move a little slower over here!

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  • This Is Massive. Not in terms of financials but precedent-setting. Consolidation of the legal market is now set to go into overdrive.

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  • As if consolidation wasn't already in overdrive...
    The profession has to shrink and these are the kind of deals we can expect. it will be interesting now to see whether RJW is left to its own devices or if its management will be concerned about poor profit margins and will want to step in. It would be interesting to see whether a firm can do this with just a single department, ie, in RJW's case Claims Direct. Are we about to see claims management companies on the stock exchange, and what does this mean?

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  • Can someone tell us what the regulatory angle is here? What protection is there for the client in the street?

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  • More to the point, can anyone say what type of regulatory loopholes these firms have to jump through to get SRA approval? Is the SRA equipped to even be regulating listed companies?

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