Australian Securities Exchange-listed plaintiffs firm Slater & Gordon has announced the $947 million proposed acquisition of a legal division of British insurance claims processor Quindell Plc.
Slater & Gordon is buying the professional services arm of Quindell that primarily handles legal matters in car accident claims. It has been Quindell’s main source of revenues and will help to expand Slater & Gordon’s foothold in the U.K. personal-injury insurance market, according to a statement from the firm. In February, the firm acquired personal-injury specialists Walker Smith Way and Leo Abse & Cohen.
