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Surely this is good news for the firms? QS could simply cut costs, reduce marketing etc and ensure they don't spend the membership fees of their member firm but instead are continuing to take on funding from Palamon in order to develop the group. In effect, firms are getting back more than they are paying in - that seems to be good for firms and a reasonable strategy for QS knowing the funding is available to then. Law firms seem (mainly because it is the wages for the partners) unable to grasp the business concept of reinvesting available cash into growth rather than needing a 'profit' to dish out to everyone.