Slater & Gordon, the world’s first publicly traded law firm, has announced that it expects losses of more than $760 million (A$1 billion) for its 2015-16 fiscal year.
In an announcement to the Australian Stock Exchange, the Melbourne-based firm said its net loss after tax for the second half of 2015-16 is expected to be almost $45.2 million (A$59.3 million), which when added to its losses of $730.4 million (A$958.3 million) for the first half of this year gives the firm a full-year net loss of $777.47 million (A$1.02 billion).
