Wednesday, May 23, 2007
"First" of the Day
Australian class action law firm Slater & Gordon was listed on the Australian Stock Exchange on Monday, making it the first law firm in the world to go public. —Alexia Garamfalvi writing in "In a First, Law Firm Goes Public"
The managing director of the firm, fresh from making a killing after the stock went public, held a most Panglossian view of the proceedings: "Everyone profits from the law."