Slater & Gordon announces strong profits

Slater & Gordon has announced that its net profits rose by 47.2% in the 12 months up to 30 June, thanks to an increase in revenue of 40.4%.

The Australian firm told shareholders that it had made a £33.7m ($A61.1m) profit in its last trading year, which saw it buy five UK-based law firms.

Group managing director Andrew Grech, quoted in The Law Society Gazette, said that the results were “emblematic of a successful growth strategy stretching Australia and the UK”.

“The businesses acquired in the UK are running smoothly and the integration of all acquired firms is well progressed,” he said.

Slater & Gordon forecasts total UK revenue of £127m (A$230m) in 2015, as further new acquisitions contribute to its bottom line.

Mark Dugdale