find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Slaters gets green light to purchase Qld firm

Slaters gets green light to purchase Qld firm

Slater & Gordon shareholders have given the firm approval today (9 August) to raise funds to acquire the Queensland personal injury firm Trilby Misso Lawyers.At an extraordinary general…

Slater & Gordon shareholders have given the firm approval today (9 August) to raise funds to acquire the Queensland personal injury firm Trilby Misso Lawyers.

At an extraordinary general meeting this morning, shareholders of the firm voted to approve the Board's proposal to raise $40 million in two stages.

Shareholders voted to ratify the first tranche of that placement through the raising of $23.5 million through the issue of almost 17 million shares at $1.40 per share. The shareholders also voted to approve the completion of tranche two of the capital raising, with the firm seeking to raise an additional $14.5 million through the additional issuing of around 10.3 million shares to professional and sophisticated investors.

The full cost of the acquisition is $57 million, with Slaters funding the purchase through cash, equity and deferred consideration.

The acquisition could be completed by the end of the week.

Slaters managing director Andrew Grech told Lawyers Weekly that the firm does not have any immediate plans to go back to the market to fund further acquisitions in the near future.

"We will continue to focus our energy on organic growth...but we will still consider acquiring [firms] with revenue of between $2 to $5 million," Grech said. "I think it is established that is a core competency of the firm now."

The chair of Slater & Gordon, Anna Booth, told the meeting that in brand awareness surveys, Trilby Misso enjoyed a 76 per cent awareness (prompted and unprompted) recognition rating in Brisbane, with Slater & Gordon recording 59 per cent. The next highest firm was recorded at 32 per cent.

Trilby Misso employs 150 people across its five offices in south-east Queensland with over half of its practice in motor vehicle accident claims and 40 per cent in workers compensation. The firm will continue to operate as a stand alone business under the Trilby Misso name.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Slaters gets green light to purchase Qld firm
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...