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“But when you hear one of the Anchorage directors saying that he’s only interested in Anchorage, I look at it and think, well, all he’s going to do is look to recover the money that they’ve invested.

"Does that mean they’re going to run the business into the ground and extract all the money out of it? That’s my concern.”

Taken from one of the Australian papers. Says it all really. Hardly surprising that all the senior lawyers have left and more to follow after this no doubt.

This is a hedge fund owning a law firm, its an appalling situation and never should have been allowed to happen! SRA keep burying your head in the sand.