Report comment

Yet another acquisition phrased in the terminology of a merger ("the combination of the Riverview model etc etc""). Whether it was a distressed sale or not (and net liabilities could simply be because it was building scale and had taken out the short term loans to do that - like any other startup) I would focus on the fact that it was a sale. I take encouragement that people are buying law firms, and those people are genuine businesses in their own right (£2.35bn in the UK! I assume they are not naïve businessmen)