Slater and Gordon raises £30m in share issue as underlying profits climb

▤ Summary

Slater and Gordon reported stronger trading and a return to pre-tax profit in 2024. The firm raised £30 million through a share issue acquired by funds managed by Anchorage Opportunities Advisor, which also took control of the company. Management said the business is continuing its shift away from lower-value personal injury work toward more complex legal services and group actions. The company also strengthened its working capital through supplier and partner agreements and continued to use its litigation financing facilities.

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