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Slater & Gordon Conveyancing / Conveyancing Works Closing Down

Discussion in 'General Property Chat' started by RPI, 16th Sep, 2016.

  1. RPI

    RPI Property Lawyer, Town Planner Business Member

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    AFR Article

    Wow. These guys are the biggest players in QLD and they are not taking any more client's effective immediately. They have 70 staff who found out last night that their positions are about to no longer exist.

    For anyone who is using them and worried then my firm - Certus Legal Group's Certus Conveyancing Lawyers are offering to take over their matters at no extra cost. Whatever you have spent with CW/Slaters then we will take that amount of our bill at settlement.

    I knew they were losing money but I am absolutely stunned.
     
    Tim86, Kassy, Player and 2 others like this.
  2. Big Will

    Big Will Well-Known Member

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    I can only like it once but wish I could like it more (not the S&G part).

    Nice to see you guys helping out individuals and good bit of PR.

    Hope it is a smooth transition for the people and that you get a lot of extra business in the future.
     
    kierank likes this.
  3. TMNT

    TMNT Well-Known Member

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    wasnt there an article about a year ago that slater and gordon were about to go bankrupt or were in dire straights?
     
  4. Azazel

    Azazel Well-Known Member

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    Yeah, their share price took a nosedive:
    sg.png
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    No class actions in conveyancing ;)
     
    G TOWN likes this.
  6. larrylarry

    larrylarry Well-Known Member

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    Me too. If they do the same in NSW, I will be ready. :)
     
  7. Azazel

    Azazel Well-Known Member

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  8. Blueskies

    Blueskies Well-Known Member

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    Some pretty epic capital destruction there, remind me again why lawyers are a profession exempt from LMI on loans up to 90%? ;)
     
    Colin Rice likes this.
  9. KateAshmor

    KateAshmor Victorian conveyancing lawyer Business Member

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    In Victoria, Slater & Gordon Conveyancing and my firm are among a handful who provide unlimited free contract reviews prior to purchase.

    Happy to assist Slaters' Victorian clients, starting with a no obligation chat.
     
    Colin Rice likes this.
  10. Azazel

    Azazel Well-Known Member

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    Interesting to hear.
    Does that mean the handful is even smaller now Slater and Gordon aren't doing it any more?
     
  11. larrylarry

    larrylarry Well-Known Member

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    Hi Kate, is it confirmed that S & G Conveyancing is pulling out of Victorian market?
     
  12. RPI

    RPI Property Lawyer, Town Planner Business Member

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    National Shut Down
     
  13. larrylarry

    larrylarry Well-Known Member

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    Wow. This is major.
     
  14. Azazel

    Azazel Well-Known Member

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    What happens to all of the staff who were working on that? Do they get moved on to something else... or just moved on?
     
  15. larrylarry

    larrylarry Well-Known Member

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    I doubt the other teams can fully absorb all 70 or more.
     
  16. RPI

    RPI Property Lawyer, Town Planner Business Member

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    Moved on.

    We have started negotiations to take on as many as we can.
     
    larrylarry likes this.
  17. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    I use a settlement agent / lawyer who offers that as part of the service.

    Had a client use S&G for a QLD purchase and the feedback was not positive.
     
  18. larrylarry

    larrylarry Well-Known Member

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    S & G announced on Twitter about further acquisitions. Hmmm...
     
  19. Azazel

    Azazel Well-Known Member

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    Far out.
    Good on you, at least you get to pick the best of the bunch I guess.
     
  20. CU@THETOP

    CU@THETOP Well-Known Member

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    Good. can use the extra work as I'm thinking of getting another conveyancer on. From memory they paid good money for Conveyancing Works. Did the same with Trilby Misso (personal injuries) and proceeded to deactivate the name which had a lot of goodwill built up over 15 plus years.

    I hated dealing with SG conveyancing- always left things to the last minute, never returned calls etc.
    Hopefully a return to normality.