Russell Jones & Walker acquired by listed Aussie firm Slater & Gordon By Joanne Harris 30 January 2012 09:13 17 December 2015 13:48 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer BillyBass 30 January 2012 at 09:44 That’s a long way to go for investment. What happens when the Oz bubble bursts? Reply Link Anonymous 30 January 2012 at 09:46 What does this mean for bonuses? Will partner be paid bonuses in shares? Reply Link Warren Buffett Jnr 30 January 2012 at 10:28 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. Reply Link Anonymous 30 January 2012 at 10:37 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. Reply Link Anonymous 30 January 2012 at 11:09 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. Reply Link Anonymous 30 January 2012 at 11:27 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! Reply Link Anonymous 30 January 2012 at 13:00 This Is Massive. Not in terms of financials but precedent-setting. Consolidation of the legal market is now set to go into overdrive. Reply Link Confused.com 30 January 2012 at 17:30 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? Reply Link Bill Lotts 30 January 2012 at 17:41 Can someone tell us what the regulatory angle is here? What protection is there for the client in the street? Reply Link Katy Dowell 30 January 2012 at 17:43 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? Reply Link Neil Standing 30 January 2012 at 18:09 Debt might be extinguished, which may be a relief to those currently exposed. However, control has now been sold to a PLC which will demand results. Non performers will be more vulnerable than under the old regime. Smaller more profitable firms with good profit margins , and a brand / feeder, may become highly attractive to CMC’s /ABS’s. They will be cheaper, and provided sufficient cash is offered to the owners, these lifestyle businesses may just sell. Reply Link Financial sense 31 January 2012 at 01:59 It should be pointed out that due to the value of the pound against the Aussie dollar, this deal is nearly 20% cheaper for Slaters than it would have been two years ago (GBP12.9m on 1/1/2010: c. $22.1m; on 1/1/2011: c. 18.24m). Reply Link Rodger Pannone 31 January 2012 at 08:17 I am delighted for Neil and his team. It is richly deserved Reply Link Anonymous 1 February 2012 at 12:22 @confused.com We have already seen Claims Direct on the stock exchange once before. Unfortunately that didn’t end well. Reply Link Anonymous 7 September 2012 at 15:01 More training contracts please. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.