TITLE

Irwin Mitchell adds £29m to borrowing as profits plummet

AUTHOR(S)
Manning, Jonathon
PUB. DATE
November 2016
SOURCE
Lawyer (Online Edition);11/23/2016, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that law firm Irwin Mitchell has secured a bank loan of 29 million British pounds payable until March 2018. It cites that Irwin Mitchell used the funds to pay for its merger deal of 23.6 million British pounds with Thomas Eggar in December 2015. It cites that while the acquisition of Thomas Eggar resulted in a 7.3 percent increase in revenue from 2014 to 2015, profits for Irwin Mitchell dropped by 59 percent.
ACCESSION #
119662926

 

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