Given I started this thread I should round it out.
Listed PI law is a conundrum. Left wingers aspire to wealth as much as anybody and as do PI lawyers. Listed PI law joins the big end of town instead of being against them and becomes conflicted. Do they support the vile public company SH who now own them or those poor unfortunates the business represents? Do they want bigger company profits, bigger lawyer salaries or better results for litigants all of which oppose each other in sharing the legal pie.
Do employed lawyers feel underloved and seek greener fields elsewhere with the prospect of partnership? Does the company relentlessly drive lawyer pay lower by offshoring? Does the company demoralise the very same ilk of left wing lawyers who incorporated it many years ago? Does the company become detached from its roots? Does it lose its focus as SGH did in the UK?
The supreme irony of listed law is that SGH failed to manage success and is now owned by NYC bond vultures. What do litigants and employees think of that?
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