After the Slater & Gordon experience we’d imagine this is now viewed as a risky prospect.
It’s a shame after all the promise people thought “listings” would bring the legal sector.
We’re wondering whether full automation at new tech enabled law firms with much lower human capital and real estate costs may be the trigger to have more firms list.
We shall see, as they say.
The Australasian Laywer reports
A full-service firm in the UK has become the second law firm to list on the London Stock Exchange (LSE).
Gordon Dadds has raised about £20m, or about $32.9m, after it listed on the junior Alternative Investment Market (AIM) of the LSE.
“The UK legal services sector is highly fragmented and Gordon Dadds’ proven consolidator model is uniquely positioned to take advantage of this significant market opportunity. We now have the necessary capital to support the group’s next stage of development which will enhance the group’s profile with clients and potential target firm,” Adrian Biles, Gordon Dadds CEO, told Legal Cheek.
