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In the 1980s I used to work on loans to firms of solicitors but investing in equity into law firms by a private equity house did not make sense then and I do think it makes sense now unless it is a really a tech investment. I look on in wonder at the money apparently lost in Slater & Gordon but still the money seems to come into the sector. That said I like the sound of Keystone Law – it seems to supply a service some lawyers need. I question the price though. I retired from the City some years ago and now practice from an office at the bottom of my garden and the economics are in one month I earn the fixed and variable costs for the year and 11 months is split with the taxman. Not a ratio I managed in the City I regret to say.