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Big law firms told to allow trade in the value of their businesses

Large law firms should consider structures that allow them “to trade in the substantial value of their businesses”, a corporate advisory firm claimed yesterday. Europa Partners said that six of the top ten by value large enough to be included in the FTSE 100 if they were listed.

February 28th, 2012 | Comments Off on Big law firms told to allow trade in the value of their businesses

SRA highlights investor scrutiny as it prepares to start licensing ABSs in “early 2012”

The Solicitors Regulation Authority is unlikely to start licensing alternative business structures (ABSs) until 2012, it has confirmed. The news comes as the authority spelt out the detailed level of information about investors in prospective ABSs that it will expect to see.

August 18th, 2011 | No Comments »

Sell, sell, sell – what In-Deed tells us about law firm flotation

I don’t know much about the financial markets – that’s one of the many reasons I became a solicitor donkey’s years ago. So I don’t quite get how a company like online conveyancing business In-Deed, that with the best will in the world is currently little more than an idea, can float on AIM, have a market capitalisation of £8.6m and within a couple of days see its share price rise a third, from 42p to 56p.

June 17th, 2011 | 3 Comments »

Stockbroker values magic circle at £6.7bn as it makes economic case for law firm flotation

The magic circle firms could be worth £6.7bn if they went public – equivalent to £3.9m for each partner – the first stockbroker assessment of the viability of law firm listing has estimated. An analyst note from Peel Hunt LLP said there is “a real economic case” to be made for public market listing.

May 16th, 2011 | No Comments »

Float like a butterfly?

The latest in our series of extracts from Climate Change, a report on the impact of the Legal Services Act published by accountants Baker Tilly, considers what kinds of law firms might float and the impact it could have on the practice and staff

November 16th, 2010 | No Comments »

Debt or equity – the best funding for you

In the third part of his look at external investment in law firms, Jeremy Black of Deloitte looks at the kind of funding for you and what lessons there are from other professional services firms.

October 13th, 2010 | No Comments »

Weekly round-up: ABSs, ABSs and more ABSs

Our weekly round-up of other relevant news from elsewhere finds alternative business structures on the minds of virtually everyone, whether in England, Scotland, Canada or the USA. If one theme emerges, it is that everyone is waking up to the threats and possibilities inherent in them.

September 26th, 2010 | No Comments »