Background

Founded in 1935, Slater and Gordon developed a reputation for its strong sense of social justice. Having established itself as the pre-eminent provider of consumer legal services in Australia, Slater and Gordon arrived in the UK in 2012. It began acquiring specialist legal firms across the country, beginning with Russell Jones and Walker which shared many of its values and qualities. In 2018, Slater and Gordon announced plans to invest £30 million in technology and digitising legal services in a move to strengthen its position as the UK’s number one provider of consumer law expertise and increase people’s access to justice.

Action

FRP’s Debt Advisory team were appointed by Slater and Gordon to help source the debt facility. Our team ran a competitive debt-raising process and approached a number of lenders with the knowledge and ability to lend to the legal sector. Following a thorough analysis of each lender’s offer, Harbour was selected to proceed to completion.

Outcome

The successful transaction will allow Slater and Gordon to continue its growth trajectory and maintain its market-leading position in the legal profession. The deal not only highlights the appetite of lenders to fund a transaction of this nature in the current climate, but also the range of terms on offer to this type of borrower. Slater and Gordon can now further invest in its services.