Nearly $1 billion in compensation secured for personal injury clients played a key role in driving strong financial results. This positive outcome follows a turbulent year marked by controversy after a cybersecurity breach led to a leaked email scandal affecting more than 900 staff and senior executives.
The firm, which focuses on personal injury and class action matters, maintained steady growth throughout the 2024–25 financial year. Revenue rose to $253.9 million, which represents a 9% improvement from the previous year. Most of the revenue came from its core personal injury services. Backed by Allegro Funds, the company has now achieved profit growth for the second consecutive year since its delisting from the ASX in 2023.
Despite solid financials, the firm faced notable setbacks. A class action involving Essure contraceptive devices concluded unsuccessfully, requiring Slater + Gordon to reverse $14.6 million in previously recorded revenue. Additionally, an internal email campaign earlier in the year impersonated a senior HR executive, shared damaging comments about firm leadership and revealed private salary information.
Although police concluded investigations into the cyberattack without pressing charges, Slater + Gordon believes the incident was the result of a calculated act by someone with knowledge of the firm’s internal systems. An internal inquiry has also been completed, though no public findings were shared. No formal dividend was paid to directors during the reporting period, even though cash flows turned positive.
While managing the aftermath of reputational damage and legal disappointments, Slater + Gordon continues to stabilise its financial position and grow its client base. The firm’s emphasis on achieving substantial compensation for injured clients remains central to revenue growth. However, concerns about internal governance and cybersecurity continue to present potential risks.
