Long-suffering shareholders of law firm Slater & Gordon may soon be out of their misery, with private equity vultures honing in for a buy-out. What’s the scam?

The scam is private equity ain’t there for the justice Your Honour; there is profit to be had exploiting Australia’s legal system by running about drumming up lawsuits for a buck. Private equity mob Allegro intends to restructure (euphemism for sackings and leverage) and sell again in a few years for a big profit.

Source: Ambulance chasers Slater & Gordon win a shiny takeover bid. What’s the scam? – Michael West