Slater & Gordon chief executive Anbrew Grech. Photo: Josh Robenstone
Slater & Gordon has announced a first-half loss of almost $1 billion after it slashed the value of its United Kingdom assets by $814.2 million.
The huge write-down comes after less than a year after it paid $1.3 billion to acquire the professional services division of Quindell and has prompted crisis talks with its lenders.
The embattled law firm said its priority was to cut debt, which has ballooned to $741 million, and that it would reduce staffing in the UK as it closes certain sites. Slater & Gordon said it would present a restructuring…
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