LAWFUEL – The Legal Newswire – The Lawyer reports that Halliwells, LG and Olswang are among an unpre-cedented number of UK firms that are considering flotations or private equity investment once regulations allow.
Almost a third of the firms in The Lawyer’s UK 100 now state that they are in favour of allowing the injection of third-party capital.
Speechly Bircham managing partner Michael Lingens said his firm was in favour of law firms being free to attract external investment and that the partners were “considering opportunities”.
“In a very crowded mid-market, the issue is, how do you differentiate yourself?” said Lingens. “One route might be an IPO.”
LG senior partner Bill Richards said: “We’re interested to see if raising external capital would give us the opportunity to improve our business in a way that our current model doesn’t give us.”