Sunday, May 20, 2007

Selling Out

So have Slater & Gordon sold out?

Or is this the best way forward for the law firm that stands up for the little guy?

Slater's lead the way with no win, no fee- and that has been reasonably good for plaintiffs- however I'm not sure that this move will be the best thing for the practice. It will certainly be good for the directors and shareholders however.

A little birdy I know who works for MBC thinks they have sold out big time (but then she would, wouldn't she :D)

I personally don't know what to think, but my gut reaction is that law firms should be focused on gaining outcomes for the clients they represent rather than shareholders.

2 Comments:

Blogger larson_b said...

This comment has been removed by the author.

9:54 PM  
Blogger larson_b said...

i don't see much of a difference between a private firm and a publically listed one.

i don't think it's in the S&G's interest to satisfy the market at the expense of their clients, if it were then they won't last long.

I'm not too clued up on how legal firms operate, but if such a trade-off between the market and client exists, then i doubt that S&G would have floated.

well, i can only hope so!

[edit: sp.]

9:55 PM  

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