Injury Lawyers Sued To Account For £1.8M In Alleged Fees

According to the court document, the early adoption of the revenue from clients allegedly inflated Slater & Gordon's revenue by $85.8 million in the 2014 financial year and $45.6 million in the 2015 financial year.

The class action also alleges Slater & Gordon used the same flawed approach to calculate the work in progress in four smaller firms it acquired in Australia and in the United Kingdom in the 2015 financial year.

In addition, it is alleged Slater & Gordon should have substantially reduced the goodwill of Quindell in June 30, 2015, because it had been public knowledge since 2008 the UK government was considering personal injury law reforms. However, it wasn't until February 2016 that the law firm announced a $814.2 million writedown of its UK assets.

The Pitcher Partners' accountants who signed off on the Slater & Gordon accounts were Matthew Pringle and Adrian Fitzpatrick. Mr Pringle remains at Pitcher Partners, while Mr Fitzpatrick's LinkedIn profile indicates he has retired from firm.

Source : http://www.afr.com/business/accounting/pitcher-partners-dragged-into-slater--gordon-class-action-20171113-gzk4eq