Slater & Gordon looks set to buy Quindell plc’s professional services division (PSD). The law firm will pay £637m upfront and £40m to follow from a 50 per cent earn-out from existing noise-induced hearing loss (NIHL) cases. The law firm's 2014/15 revenue is estimated to be around £260m with PSD’s unaudited 2014 accounts putting its revenue at £645m. The combined firm will see headcount double for Slater & Gordan to nearly 5000 staff. The deal is conditional and will be based on a majority vote by Quindell shareholders on  Friday, April 17. However, Quindell’s board has unanimously recommended that shareholders vote in support of the transaction.

Number one personal injury firm

 'The combination of Slater & Gordon and PSD creates the number one personal injury law firm in the UK,' Slater & Gordon Managing Director Andrew Grech said adding that it broadened access to claims management companies, insurers and insurance brokers. Quindell's chief executive, Robert Fielding, will join Slater & Gordon and Richard Rose will be named non-executive chairman if the deal goes through, the company said in a statement.