guardian.co.uk
Added: Feb 8, 2012
Though the first alternative business structure (ABS) has yet to be announced – 92 have so far applied, with the first likely to receive its licence later this month – the ball is starting to roll, and personal injury is the first area of legal practice targeted by new entrants to the market.
Last week AIM-listed Quindell Group agreed to acquire Liverpool personal injury law firm Silverbeck Rymer for £19.3m as part of a move to create an integrated claims-handling operation for the insurance industry. This week, Australia's Slater & Gordon (S&G) – the world's first publicly listed law firm – announced it is to buy national law firm Russell Jones & Walker (RJW) for £54m as it enters the UK market with a bang.