Unlisted lawfirms have shareholders or owners and have the same issues as Shine except their dividends arent on the public record. It will change class actions in that CA funders will run cases through contract lawyers on a fee for service basis. There is no essential difference between a publicly listed law firm and one owned by private equity such as S&G or one owned by a group of barristers. The only difference is the market value can perceivally drop when a minority of shareholders panic and people can buy in at a cheaper price than most who own. Having said that, it sounds like this is a once off and this class action model will never be repeated regardless of next months outcome and the Honorable Justice Lee should be replaced with a fresh set of eyes.
SHJ Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
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