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Slightly off topic, this is not the only concern regarding the SRA's recent pronouncements. Earlier this week, Paul Phillip, the chief exec of the SRA was asked how the SRA would deal with a large firm collapse. The response, said to be 'unanimous' within the SRA was, "the market will gobble up all of the work in an instant". There would be no impact on clients. Interesting. Then why bother intervening in any law firms at all, if the market will 'gobble up' the problem ? Why bother with all the piles of limitless regulation down to how to tie your shoelaces ? And what if the market doesn't want to take the offloaded cases ? S&G's due diligence of case reviews by 70 lawyers is the precise issue at point. And if the Australian regulators are considering an intervention in S&G Oz, as reported in the Oz press, then what are the SRA doing all this time ? S&G have been removed from the ASX 200 list of shares with the share price descending further. No need to worry about it, SRA ? Everything's thoroughly top notch, as Bertie Wooster might say.........gobble, gobble.