“ACA Lawyers is a Sydney-based firm with several shareholder class actions in progress. All actions are funded by litigation funders,” Mr Morrison explained.

“The ACA Lawyers team, lead by Craig Allsopp, will be located with Shine’s existing Sydney class actions team.”

Mr Allsopp – who is a principal of ACA – added that joining Shine provides a “great opportunity” to leverage the skillsets of ACA’s class action teams.

“It is the next step for us in continuing to develop an industry-leading class actions practice,” he posited.

“Our specialist shareholder class actions expertise, combined with Shine’s depth of resources and knowledge, will lead to better outcomes for our clients now and into the future.”

Speaking further about the acquisition, Shine national special counsel for class actions Jan Saddler said that Mr Allsopp and his ACA team “perfectly complement” the Shine class actions practice and will “enhance and strengthen our already high-performing team”.

“We now have one of the broadest class actions practices in Australia, including many high-profile shareholder, product liability, financial services and environmental actions,” she said.

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“This new acquisition places Shine as the second largest player by number of cases in Australia.”