Slater & Gordon Achieving Critical Mass

Law firm Slater & Gordon (SGH) continues to expand its horizons, both offshore and in Australia. The broadening into general law should enable the company to generate more reliable cash flow and gain access to more opportunities. Morgans notes, up until the recent half year result, Australian general law was a drag on earnings as it did not have the necessary scale for profitability. With scale now in evidence, and with the help of the Schultz Toomey O’Brien acquisition, the division now contributes around $4.2m to earnings and margins should move towards the targeted range of 12-15%.

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Slater & Gordon: Back To The Old Dart

Not many of our corporate strategists look to the Old Dart these days. Wolf Mining (WLF) is in Cornwall preparing to mine wolfram and AJ Lucas (AJL) is hoping that its share of shale deep below Lancashire is worth several billion, but Slaters(SGH) – one of a small band targeting the working and now not working classes – has taken its successful case management formula to the UK to show how to book legal time effectively.

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