A relationship agreement will also be drawn between DWF and Whitelaw Twining’s existing Alberta practice, WT LLP.

 UK-based DWF has an extensive legal practice, but it also offers other business services. The expanded capabilities Whitelaw Twining can take advantage of include artificial intelligence high-volume document review, data network security, and integrated insurance claims management and adjusting through DWF’s Barnescraig & Associates, which has offices in Toronto and Vancouver. DWF acquired Barnescraig in 2021.

 DWF operates directly or through association in 19 countries. It says that Whitelaw Twining’s revenue for 2021 was $34.5 million. Pro forma Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was about $5.3 million, adjusted to reflect DWF’s partner compensation and reporting policy. Whitelaw Twining’s gross assets on Dec. 31, 2021, were $21.6m (£12.6m).

The acquisition value is £27.7 million (about $42.6 million) with a maximum consideration of up to £16.9 million ($26 million) payable in shares and cash and the assumption or repayment of debt of £10.8 million ($16.8 million).

Initial consideration of an estimated $17.8m (£11.5 million) in newly issued DWF shares will be paid on Jan. 3, 2023, with $4.4 million cash (£2.9 million) distributed in February 2023. Contingent share consideration of up to $3 million is also on the table, provided Whitelaw Twinning meets specific 2022 calendar year financial targets.