Re second threat from tort reform, see opinion piece "Slater & Gordon could emerge in a stronger position"
http://www.theaustralian.com.au/bus...tronger-position/story-e6frg9uf-1227626147539
"Anyone who thinks the British version of tort reform means the end of Slater & Gordon has forgotten the lessons of history. Eventually, this could strengthen the Australian firm’s position in the British personal injury sector. ....
Australia’s tort reforms slashed the level of civil litigation by 43,000 cases in three years, which placated insurance companies that had withdrawn from the marketplace over what they considered to be a litigation explosion.
But there was a price to pay. The policy-induced reduction of capacity handed market power to the main targets of tort reform — Slaters and its great competitor, Maurice Blackburn.
This must rank as the perfect example of an unintended consequence.
After tort reform, Slaters listed, tapped outside capital, gobbled up competitors and now has a 25 per cent share of the Australian market for personal injury law...."
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