The only comment I can make in the presence of the erudite comments from mighty,cato copper and grant62 and others is that 2 vendors of Australian practices with whom I have an acquaintance were walking around with very big smiles on their faces immediately after the sales of their practices to SGH were consummated some time ago.
Returning to the business model of ASX listed law practices management must be nightmare since I am informed that the acquired practices are allowed to run pretty much as they were before i.e. independently.
This seems to fly in the face of a normal asx company which in my experience is managed in a very hierarchical structure with the people accountable to the rung above and with total overall control in the hands of the CEO.
Bill
SGH Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held
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