Slater & Gordon - Expansion Gone Wrong

http://www.theaustralian.com.au/bus...t/news-story/b0fce8b4fdf5cb224d50054236d24a69

Slater's have been served with one of the largest class actions in Australia's history. Interesting considering that they were the firm that pioneered these in Australia.

I hope they survive through their current troubles and don't join a long list of Australian companies that grew too big and then imploded.

 

Can't access the article without a paid membership unfortunately

 

Nothing wrong with expansion by way of acquisitions but S & G was very aggressive. I have mates in S & G but haven't really asked them what they thought of their chances of surviving redundancy rounds in December, I heard.

 

It is when you rely on expansion to generate cashflow and then expansion stops........

 

That was the issue, not just in UK but over here. Have you got S & G clients coming over to you in the last few weeks or so re conveyancing?

 

Truckloads. How about you