One of the UK’s leading law firms has secured a new £30 million financing agreement to support its position as a leading provider of high quality legal services to consumers nationwide, in a deal supported by FRP Corporate Finance.
Slater and Gordon, which is headquartered in Manchester and operates nationwide through its network of 11 offices, is one of the UK’s largest consumer law firms. It represents individuals across a wide range of areas including personal injury, medical negligence, family law, employment law, and group actions, providing legal services to individuals requiring access to justice.
It has now renewed its facility with Harbour Litigation Funding, a leading provider of finance to law firms, securing an improved £30 million loan agreement. This transaction extends a previous funding deal the two parties had agreed back in 2023 for a further three years.
This new funding gives Slater and Gordon a renewed and optimised platform to support continued investment into its technology-enabled services and client experience.
FRP Corporate Finance’s Debt Advisory team, led by partner Tom Cox, director Umito Choji and analyst Freddie Guy acted as advisers to Slater and Gordon on this transaction. The team developed comprehensive briefing materials to demonstrate the business’ growth potential before then leading on negotiations with Harbour, supporting with the necessary financial documentation, and managing the process through to a positive conclusion.
Tom Cox, debt advisory partner at FRP Corporate Finance, said: “Harbour has already enjoyed a long-standing relationship with Slater and Gordon, whose team have continued to demonstrate the ambition and capability to innovate and drive the firm forward.
“It was great to be able to help both parties lay out the next stage of what’s been a constructive partnership, and I look forward to seeing how Slater and Gordon build with this new funding in the coming years.”
Nils Stoesser, CEO of Slater and Gordon, added: “We’re committed to offering more people across the UK access to the necessary legal support through our market leading services, and Harbour has shown a confidence in this vision that our continued partnership will help to deliver.
“I’m grateful for the support Tom and the team at FRP Corporate Finance provided throughout this transaction. Their guidance made this an easier process to navigate, and we can now focus on driving the next stage of our firm’s development.”
