Integrated Legal Holdings Limited has acquired the legal practice of Shayne Leslie. This is Integrated's second acquisition since listing on the stock exchange in August 2007. The acquisition will merge Mr. Leslie's practice into Integrated's existing subsidiary, Talbot Olivier. It is expected that the acquisition will generate over $3 million in revenue and over $1.3 million in EBIT over three years. The consideration includes both cash and shares paid over three years subject to performance criteria. Mr. Leslie has over 25 years of experience in commercial litigation and will enhance Talbot Olivier's services.
Original Description:
ASX IAW Sept 28 2007 Acquisition of 2nd Legal Practice Shayne Leslie
Integrated Legal Holdings Limited has acquired the legal practice of Shayne Leslie. This is Integrated's second acquisition since listing on the stock exchange in August 2007. The acquisition will merge Mr. Leslie's practice into Integrated's existing subsidiary, Talbot Olivier. It is expected that the acquisition will generate over $3 million in revenue and over $1.3 million in EBIT over three years. The consideration includes both cash and shares paid over three years subject to performance criteria. Mr. Leslie has over 25 years of experience in commercial litigation and will enhance Talbot Olivier's services.
Integrated Legal Holdings Limited has acquired the legal practice of Shayne Leslie. This is Integrated's second acquisition since listing on the stock exchange in August 2007. The acquisition will merge Mr. Leslie's practice into Integrated's existing subsidiary, Talbot Olivier. It is expected that the acquisition will generate over $3 million in revenue and over $1.3 million in EBIT over three years. The consideration includes both cash and shares paid over three years subject to performance criteria. Mr. Leslie has over 25 years of experience in commercial litigation and will enhance Talbot Olivier's services.
Perth Western Australia 6000 Phone (08) 9463 4340 Facsimile (08) 9325 5999 www.ilh.com.au
28 September 2007
ASX Announcement
Acquisition of Legal Practice
The Board of Integrated Legal Holdings Limited (ASX: IAW) (Integrated) is pleased to announce that an agreement has been executed to acquire the legal practice of Shayne Leslie. This marks the Integrated groups second acquisition of a legal practice since listing on 17th August 2007. This new acquisition will be merged into the existing practice of Integrated's wholly owned subsidiary Talbot Olivier. This acquisition promotes the Integrated business strategy which encourages acquired practices to enhance their own growth aspirations via the acquisition of complementary practices. It is expected that the acquisition of Mr Leslies practice will generate revenues in excess of $3m and EBIT in excess of $1.3m over a three year period. The consideration for the purchase is a combination of cash and shares. The cash component will be funded from group working capital. The share component is payable progressively over three years, subject to performance criteria being met. Mr Leslie graduated from UWA Law School in 1982. He completed articles with Lavan & Walsh, which later merged to become Lavan Solomon and then Phillips Fox. Mr Leslie worked in the commercial litigation/dispute resolution division of Phillips Fox for 14 years; nine years as a partner. He joined Wilson & Atkinson in May 1997 and was appointed partner in 1999 heading the Commercial Litigation Division. On 30 June 2007 Mr Leslie left the Wilson & Atkinson partnership, while retaining the commercial litigation client base of Wilson & Atkinson. Mr Leslie has worked as a consultant at Talbot Olivier since 1 July 2007. Mr Leslie practises exclusively in commercial litigation both as a solicitor and as a barrister in the District, Supreme and Federal Courts and in arbitration and tribunals. He has a broad practice and experience in all areas of commercial litigation including contract disputes, property, banking and finance, corporate law, construction, trade practices legislation, intellectual property and general civil and commercial litigation. Mr Leslie is also a trained LEADR mediator.