Shark bites shark: Publicly-traded law firm on receiving end of securities class action | Compliance Week

In December 2015, I wrote here about the extreme difficulties that Australian plaintiffs’ law firm Slater & Gordon — the world’s first publicly-traded law firm — was experiencing. Ominously, other rival plaintiffs’ law firms were then reportedly “monitoring the chaos to decide whether there is a case for a shareholder class action against the company.” I wondered: might the traditions of professional courtesy between lawyers save Slater & Gordon from actually being on the receiving end of a securities class action?

via Shark bites shark: Publicly-traded law firm on receiving end of securities class action | Compliance Week