Shareholder equity in Slater and Gordon wiped out with latest loss

By Brian Robins
Updated February 27 2017 - 9:13pm, first published 3:27pm
The company's losses reached $1.3 billion as of the end of December, which exceeds the $1.1 billion of equity on the balance sheet. Photo: Lee Besford
The company's losses reached $1.3 billion as of the end of December, which exceeds the $1.1 billion of equity on the balance sheet. Photo: Lee Besford

The clock is now ticking on the financial future of the ailing law firm Slater and Gordon, with a 90-day deadline to finalise negotiations with its bankers to ensure its survival.

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