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Published on: August 7, 2023

Back to its roots…

RBG has, in recent days, given a trading update that reflects the challenging conditions, written down the values of all conditional and damages-based fee agreements within the legal services business, and unveiled the return to the board of Ian Rosenblatt, the group’s founder and most significant fee earner. We see the combination of these developments, alongside the recent disposal of LionFish, as potentially marking a turning point for the business, with a clear return to the original (and successful) heartland of the group. The downgrades to estimates are disappointing, but hopefully risk to forecasts is now much reduced, and we look forward to seeing further results of these strategic developments over time.

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