So I guess they're changing directions, from aspiring to be a nationally recognised family law specialist, to a competent multi-line legal services firm? Also they can't seem to decide on which ownership model is best, with some firms outright owned, some part owned and now some 0% owned but providing services to?
Must say that this seems like a big change in the investment thesis I signed up to when I first purchased AFL shares. There are already other listed law firms that do multiple legal services (e.g. Shine Lawyers) - AFL's unique selling point was that they specialised in family law. Not sure what to make of this, will just have to trust management knows what they're doing I guess.
Ann: Proposed Merger with GTC Legal Group, page-10
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