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".......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 ........."

I think the idea is to destroy the independent Bar and Solicitors 'Profession', and when they do this that will be the case, which is that may of the cases (widgets) that are in the market places will be simply choses in action.

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