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Most firms “do not have balance sheet or systems” to attract external investors
Thursday, 14 October 2010Most law firms do not have the balance sheets or the systems to appeal to venture capitalists but those who can pull off deals may see some major benefits, it was claimed yesterday. Sara Hutton, a relationship manager at Royal Bank of Scotland, said venture capitalists would want a return of 20-30% and an exit in three to five years that is “reasonably visible” now, such as a flotation, management buy-out or trade sale.
Tags: ABS, alter, external investment
Posted in Alternative business structures, Market monitor, News