Doomsayers are not going to like this. As expected, a dramatic restructuring is being taking place. I have reproduced below several quotes from the article from 9 April 2016 paper. I particularly like the last quote directly from “
The Australian” (highlighted). It shows that even journalists who really started this negative campaign have begun to shift their tune. Please follow the link for more details.
http://www.theaustralian.com.au/bus...n/news-story/f9bacfd6e960196fc064b36d160c89d4
Slater & Gordon is looking at closing offices, streamlining its British operations and offloading the Accident Claims Helpline business it acquired from Quindell last year.
A Slater & Gordon spokeswoman, who declined to detail the specific proposals, said: “Under the reorganisation plan, the majority of our sites will remain open.
The firm is also moving to scale back work on thousands of noise-induced hearing loss cases acquired from Quindell, a large proportion of which appear to have stretched far longer than the two years considered necessary for settlement.
Those hearing-loss cases were acquired on a conditional basis, sharing profits from settlements and resolutions with Quindell to mitigate the risk of non-performance.
The one piece of good news for Slater & Gordon is the ending of an Australian Securities & Investments Commission review of the company’s audit and accounting practices.
(20min delay)