find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Slaters eyes UK market

Slaters eyes UK market

Slater & Gordon has its sights set on the UK legal services market following the introduction of legislation allowing listed companies and incorporated law firms to compete with Britain's…

Slater & Gordon has its sights set on the UK legal services market following the introduction of legislation allowing listed companies and incorporated law firms to compete with Britain's traditional law firms.

Speaking at the firm's annual general meeting on Friday (21 October), company chair Anna Booth said the company's board is supporting the search for opportunities in the UK following a deregulation of the legal services market which allows listed companies to trade as Alternative Business Structures under the Legal Services Act 2007.

"[The] board continues to give support to management to explore opportunities for Slater & Gordon in overseas markets, particularly in the UK, which is a similar legal jurisdiction to Australia," said Booth.

"I wish to assure shareholders that your board will ensure that every similarity and every difference has been critically assessed before we consider any investment overseas."

While the firm's recent acquisitions of Trilby Misso and Keddies have proven to be fruitful - bringing in an additional $43 million in revenue since they joined the firm earlier this year - Booth acknowledged that similar acquisition opportunities in the Australian market are dwindling.

"While we certainly see scope for further growth in the Australian personal injuries litigation market, there are limited opportunities for more acquisitions of the Trilby Misso or Keddies size," she said.

"We'll continue to pursue opportunities to accelerate the organic growth of the personal injuries business while we develop other avenues for the long-term growth of the company."

Managing director Andrew Grech said opportunities in the UK market are being "more seriously evaluated" with the firm looking to take advantage of the changing regulatory environment and the fact the personal injuries market in the UK generally has lower working capital requirements.

Slater & Gordon continues to enjoy strong financial growth, with Grech revealing total revenue earnings of $182.3 million for the 2010/11 financial year - a jump of 46.2 per cent from the previous year.

Over the past five years, the firm has achieved 30 per cent compound annual growth and Grech is confident the firm can exceed total revenue of $200 million for the 2011/12 financial year.

The firm listed on the Australian Stock Exchange in 2007 and was the first law firm in the world to do so.

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 eyes UK market
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
06:04
‘Ego status’ compelled ex-lawyer to defraud $2.97M, court told
Debarred lawyer John Gordon Bradfield told an NSW District Court that he was driven by “ego status...
Australian Lawyers Alliance (ALA), Queensland’s new industrial manslaughter legislation,
06:03
ALA welcomes ‘tough’ Qld manslaughter laws
The Australian Lawyers Alliance (ALA) has welcomed Queensland’s new industrial manslaughter legisl...
Legal podcasts, tune in, microphone
06:00
Legal podcasts you have to tune in to right now
The rise of the internet has hailed in a new dawn for storytelling. Here’s our top pick of podcast...
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 & ...