Ann: AFL completes Watts McCray acquisition and Market Update, page-7

Based on subjective experience, Family law can have a very broad time frame. Many matters may be converted from lead to completion in 6 months. Litigated matters will stretch into the years before they are paid out.

Of course many billables will be paid on a month to month basis, but I anticipate that the majority of their clients would likely pay once matters are completed which gives the inevitable answer of how long is a piece of string? The good thing is that in Family Law, there are few default clients given that prudent solicitors are acutely aware of the assets in play and by extension, their propensity to pay billables and the tighter the margin the more pressure is exerted on clients to settle on commercial terms. Fortunately (for investors), the longer the matters drag, the larger the bill.

On another note, the acquisition looks good and there is only going to be more family disputes in the future.

My sentiment is good and I look forward to investing in the short term.

DYOR