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Slater & Gordon complete deal to buy Taylor Vinters’ personal injury practice

No deadline for completing deals with Simpson Millar and Goodmans Law

16 August 2013

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Slater & Gordon has completed a deal to buy the personal injury and Court of Protection practices of Cambridge-based Taylor Vinters.

The personal injury giant announced plans to buy Taylor Vinters, along with national firm Simpson Millar and personal injury specialist Goodmans Law, in May.

The estimated acquisition cost of all three was £23m in cash and shares.

A spokeswoman for S & G said the purchases of Simpson Millar and Goodmans Law were "ongoing" and there were no fixed dates for completion.

The listed LLP will gain five new members from the Taylor Vinters deal, including a former equity partner, and 36 new staff.

Neil Kinsella, chief executive of S & G, said the Taylor Vinters' team, which specialises in complex brain injury claims, had dealt with "some of the most valuable personal injury claims in history".

He described the move as "an important step towards our goal of becoming the UK's largest and best known legal services provider.

"The planned acquisition will substantially advance the firm's strategic objectives for the UK based on revenue and earnings growth, geographic expansion, specialist practice area development, increased depth of competence and organisations with strong similar cultures.

"Our overriding ambition is to provide people with access to world class legal representation."

Matt Meyer, chief executive of Taylor Vinters said that "spinning out this extremely successful part" of the firm to S & G would him to accelerate his own strategic plan.

"It is an important milestone in our focus on becoming one of the leading firms operating internationally in the areas of technology, investment and boutique private client," Meyer said.

"We believe that Slater & Gordon offers the best platform for our personal injury business to continue to grow and prosper in a very dynamic marketplace for injury claims."

S & G is also reported to be in talks over the purchase of claimant personal injury firm Fentons.

A spokeswoman for Slater & Gordon said: "While we find reports about our discussions with other firms in the press flattering, the reality is that we are in talks with a variety of firms at any one time and never respond to questions about specific confidential discussions.

"As a publicly listed company, all announcements about potential acquisitions of a material nature would of course be first made to the ASX."

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Clinical negligence