Pannone’s partner revolt

Pitchforks may be raised at Pannone this week where some partners remain unconvinced by the firm’s proposed demerger to Slater & Gordon. Sources tell us some individuals are in a state of conflict and there are several bumps in the road that need to be smoothed out.

All this despite the deal being voted through last month. Tensions are understood to be simmering over how the spin-off of Pannone’s corporate business should be handled, not to mention who’s in and who’s out of the new venture.

While Pannone occupies itself by picking teams, Slater & Gordon is pulling together an order of business for its annual AGM in Sydney this Thursday.

Pressures are mounting. Will Pannone get its house in order so that Slater’s UK chief executive Neil Kinsella is able report his latest takeover plan, or is Pannone’s window of opportunity about to close forever?

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