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"...If however there was an intervention then client compensation would not be the worry as most files are PI and will be transferred with clients suffering no quantifiable loss. ..."

So all those litigants they drummed up with promises of El Dorado gold are just going to walk away when a successor firm (if successor be found of course), says that they wont issue either on the cusp of the limitation period or where it has passed?

I should be surprised.