LIVERPOOL-based personal injury law firm Silverbeck Rymer is set to become one of the first law firms to be snapped up by a plc in a deal worth £19.31m. Following the introduction of the Legal Services Act, the practice is set to be acquired by Quindell Portfolio - a Hampshire-based outsourcing and brand extension firm. It will pay £10.25m in cash to Silverbeck Rymer's partners, with the remainder being paid through the ossue of 120.8m Quindell shares at a price of 7.5p per share.

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