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This is not good news but it has hardly come as a shock. The deal to but Quindell was unfathomable and immediately put S&G under the cosh to deliver in a hardening market. If the business survives (it would appear that the banks will have the final say) then it will be much smaller trimmed down guise. The difficulties at S&G will shortly be played out at firms up and down the land if the SCT is increased. The only good thing I can see coming out of this story is renewed pressure on the government to abandon or water down their wholesale assault on the PI profession unless they enjoy seeing mass redundancies and insolvencies. The SRA better start hiring. If the SCT goes up then I imagine a lot of solicitor owners simply handing over the keys and saying "you sort out the mess".