A break-out session at last week’s SRA event on risk involved solicitors, consultants and the Gazette’s own reporter voting with Millionaire-style keypads on a series of options for the future of a hypothetical mid-sized firm.
The group started out risk-averse, opting out of investing in a service advising on Scottish independence and shunning a move into the Chinese market.
But then ambition took hold, and the group went after the mass market, invested heavily in technology and even created an app to dispense legal advice. After a quick calculation the computer found the group had created a firm with fantastic short-term profit but a very insecure future.
Says it all, really.