Law firms

‘Taking longer than anticipated’: Slater and Gordon posts another loss as restructure continues

‘Taking longer than anticipated’: Slater and Gordon posts another loss as restructure continues

The struggle continues for Slater and Gordon (S&G) with the firm posting a A$425.1m (£262.6m) net loss for the second half of last year.

The ASX listed law firm said its results were impacted by a A$350.3m (£216.4m) impairment charge relating to its £637m purchase of Quindell’s professional services division in 2015. Quindell has since rebranded as Watchstone Group.

This article is for Legal Business subscribers. Please log in or subscribe to read on.