The latest half-yearly financial results from Slater and Gordon show a drop in total revenue and other income from continuing operations and in its net asset position.
The ASX-listed firm is continuing its business transformation program and posted total revenue and other income from continuing operations of $75.1m, compared to $85.3m in the same period of 2017. This was largely due to reduced income from the firm’s personal injury law business, partially offset by improved class action revenues.
“We have come a long way in the past 12 months. This time last year we had just completed a recapitalisation of the business and were embarking on our transformation program,” said chair James MacKenzie.
He added that the simplified operating model and clearly defined service offering means the firm is now in a position where its is focused on the future and growing our core services.
“Undoubtedly these results show that there is still work to do to continue to improve but they also show that we are heading in the right direction,” added MacKenzie.
Corrs hires partners for investigations & white collar defence duo
Two new partners have joined the team at Corrs Chambers Westgarth.
Craig Phillips and Abigail Gill are recognised leaders in internal investigations, regulatory inquiries and commercial litigation and together bring decades of experience to the Corrs team.
Phillips joins from Grindal & Patrick and was formerly with Donaldson Whiting & Grindal. Before that he spent 25 years as a partner at Allens Arthur Robinson.
A major part of his current practice involves assisting major clients to conduct internal investigations and representing clients in external investigations in connection with anti-trust and corruption compliance and enforcement matters.
Ms. Gill was a senior member of BHP’s ethics and compliance team, having previously worked in the firm’s global disputes group and as a litigator in private practice. She also led the implementation of BHP’s global investigations framework and enhancements to its compliance framework.
White & Case announces 75% trainee retention rate
White & Case has retained 12 of its 16 trainees in London who are due to qualify in March.
The 75% retention rate means a dozen new lawyers for the firm’s Commercial Litigation, International Arbitration, Mergers & Acquisitions, Project Development and Finance and White Collar, with one joining the Firm's Hong Kong office.
White & Case announced its largest round of partner promotions in a decade last year with 13 lawyers joining the partnership, while 83% of trainees in the whole of 2018 were offered roles within the firm.