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Irwin Mitchell puts flotation plans on a backburner

The title they won suggests a floatation is unlikely because gold plating things tends to make them sink! This firm could fall quickly down the rankings now the PI gravy train is coming to an end. Desperately diversifying into real estate when a property market recovery is so far away is risky and the debt is starting to creep up . It will be interesting to see how they cope in a year where PI outfits will be competing hard against each other and there are new players coming into the market.

12-Feb-2013

8:31 am