Potential Voluntary Administration, page-91

It's hard to imagine any other outcome than the Banks stepping in.....timing the only question. A services company with no hard assets simply cannot sustain the debt and writedowns that caused it to this degree. One must simply ask "...why would an outstanding lawyer stay at Slater & Gordon to work themselves to death to help repay hundreds of millions $$ in loans when they could switch camps and earn a greater return for their effort?" Slaters will be left with the second stringers and those that simply don't know any better with the net effect ending with the banks appointed reps calling the shots.