Insiders have told RollOnFriday that Irwin Mitchell is trying to snap up Manchester firm MPH solicitors.
MPH, which specialises in personal injury, is a limited company with five shareholders, all of whom would presumably coin it as a result of the sale. The terms have yet to be announced and neither firm would provide any information when called yesterday. But if recent deals in a frenzied PI market are anything to go by there'll be a fair chunk of cash floating around. Slater & Gordon picked up Fentons for more than £32m in August, after nabbing Russell Jones & Walker and the PI team at Taylor Vintners. And it still had enough money left in the kitty to spend £1m with M&C Saatchi on some dreadful TV advertising.
An insider at Irwin Mitchell says that all MPH staff are set to transfer to IM by the end of this month. A spokesman for IM would only say "we have no comment to make".
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MPH, which specialises in personal injury, is a limited company with five shareholders, all of whom would presumably coin it as a result of the sale. The terms have yet to be announced and neither firm would provide any information when called yesterday. But if recent deals in a frenzied PI market are anything to go by there'll be a fair chunk of cash floating around. Slater & Gordon picked up Fentons for more than £32m in August, after nabbing Russell Jones & Walker and the PI team at Taylor Vintners. And it still had enough money left in the kitty to spend £1m with M&C Saatchi on some dreadful TV advertising.
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MPH's directors looking forward cashing in yesterday |
An insider at Irwin Mitchell says that all MPH staff are set to transfer to IM by the end of this month. A spokesman for IM would only say "we have no comment to make".
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poor prospects.