I'm sure everyone remembers the 3 year CSG plan i.e. by early 2009 CSG will dominate the legal sector and have forced the cottage industry suppliers out of business. I wonder who looks more vulnerable now: A) IRIS - masses of debt from a deal done at the peak (sounds like a toxic bank doesn't it) and a large American Private Equity company in tow. B) Owner managed business with no or little borrowings and a personal interest in the sector and its clients. Go figure.