Slater and Gordon's attempt to recover some of the $1.3 billion it paid for its troubled UK division will continue, with the cash remaining in escrow.
The law firm, whose share price has dived from $8.07 in April 2015 to 31 cents before the market opened on Wednesday, said the GBP50 million ($A83 million) placed in escrow in case the deal with the company now called Watchstone Group went south will remain there while claims related to the former Quindell business are resolved.
Slater and Gordon, which took $879.5 million in writedowns in 2015/16 mostly linked to the UK business it acquired in May 2015, said its claims had been assessed by an independent barrister.
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