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INSIGHTS: Strategic shareholding agreement with Steadfast Group

August 12, 2013

August 2013: Steadfast Group Limited has acquired a shareholding interest in Meridian Lawyers in what represents an exciting development for the Australian law firm.

The alliance embodies a cutting-edge business approach for a legal firm in Australia – something not seen previously in legal circles – and marks the transformation of Meridian Lawyers’ legal service offering to a wider market.

Steadfast will join the Guild Group as a strategic shareholder in Meridian Lawyers. Steadfast is Australia’s largest insurance broking organisation whose 280 members place approximately $4.5 billion of insurance premiums into the Australian market. The injection of Steadfast into the Meridian fold will allow it to expand its highly professional and personalised legal services to the wider insurance market, with a complementary commercial, commercial litigation and employment law offering.

Managing Principal at Meridian Lawyers, Paul Baker, believes the timing is right for this partnership “as it builds on our Australian market success and importantly, underpins our expansion into new legal markets”.

“Our clients will notice no difference to the way Meridian Lawyers takes time to understand their business and to work collaboratively with them to represent their interests,” says Mr Baker.

For further information, please contact Paul Baker, Managing Principal, Meridian Lawyers.

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