The collapse of Parabis last year shook the legal market. But what exactly was the cause? 

Parabis the insurance giant was ultimately built on the bones of an array of mergers and acquisitions beginning in 2001. It then accepted a massive cash injection in 2012, which appears to mark the beginning of the end for Parabis.

So what happened? 

Could a variety of external and internal factors (such as regulatory change and misuse of investment funds) have aggravated an already wobbly structure? 

Ultimately, a firm must be able to integrate it's business acquisitions successfully in order to avoid high maintenance costs, inefficiencies, loss of talent and thus disaster.