Nigel Wallis, a partner in O'Connors who advises other law firms, told Legal Futures: 'From our recent experience, insurers are not shy about expressing their opinion on targets and, in effect, blocking deals they don’t like.' He told the website that this meant the company had to supply 'more and more information to insurers about a target’s current and previous insurance arrangements, previous acquisitions and financial information as these can seriously impact the acquirer’s risk profile post acquisition…..If a target has unrated insurance paper, the insurer of the acquiring firm will want to know why this is. This is hardly surprising because, if a target’s insurer goes bust, the chances are the successor practice and its insurers will be left to pick up the pieces.'