Contents

Salutations to the One in All.

Before the chapters: Foreword and Before the Story.

Part One: The Firm That Runs on Andy

September to December 2026

  1. 1Item Four
  2. 2Empty Folders
  3. 3Two Moats
  4. 4The Pass

Part Two: What Recurs

January to June 2027

  1. 5What the Firm Earns
  2. 6The Ladder
  3. 7One Rung Ahead

Part Three: What a Buyer Believes

July to December 2027

  1. 8How We Lose Money
  2. 9Leakage
  3. 10Proof on Demand

Part Four: Without Andy

January to March 2028

  1. 11The Bench
  2. 12The Second Diligence
  3. 13What Kind of Firm

After the story: Coda: The Decade Ahead, The Whole Picture, Afterword, Fifteen Principles, Acknowledgments, About the Author and Endnotes.

Each chapter closes with a short note from the author. Service Capital and its people are composites. Their numbers come from a single composite model; no client’s figures appear. The story is set between 2026 and 2031; tools are described by what they do.