Source: Law Gazette
By John Hyde
National firm Slater and Gordon has agreed a £33m borrowing facility with one of the world’s leading litigation funders.
The three-year funding from Harbour will be used to invest in developing the firm’s consumer legal services, particularly to finance a substantial book of clinical negligence and other personal injury claims, the firm said.
Slater and Gordon said earlier this year it was in talks about raising fresh capital. The company’s auditor Deloitte stated in its assessment of the business that ongoing discussions with lenders, as well as revenue issues, indicated that a ‘material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern’. VFS Legal, which had previously provided funding to Slater and Gordon, went into administration earlier this summer…
Read full article: https://www.lawgazette.co.uk/news/slater-and-gordon-secures-33m-loan-to-fund-growth/5116999.article
