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The next GameStop? (In a good way!)
Mishcon de Reya s partners have voted to explore floating the firm on the London Stock Exchange later this year, with all staff set to receive shares in the business if the plan comes to fruition.
It is predicted that Mishcon will become the most valuable listed law firm in the UK and reach as much as £750m if it does float, more than double the valuations of listed UK firms like DWF (circa £275m), RollOnFriday Firm of the Year 2021 Keystone Law (£210m), and almost-Golden Turd Knights (£350m).
Mishcon partners voted last week to explore an initial public offering and have instructed JP Morgan to advise on the IPO.
Lawyers Mishcon de Reya could become the largest business of its kind to list on the stock market after partners voted to explore a float.
The London firm, which represented Princess Diana in her divorce from Prince Charles, has roped in JP Morgan to advise on an initial public offering
Few law firms list on the stock market, as most operate under a partnership model.
Float plan: Mishcon de Reya represented Princess Diana in her divorce from Prince Charles
This means that senior members, or partners, own the firm and share the profits. But they also have to fund extra investment, and Mishcon wants to expand.
Law firm Mishcon de Reya mulls London IPO
The legal outfit said it could list on the LSE as soon as this year after its partners voted in favour of exploring the possibility of an IPO
Mishcon de Reya, the London-based law firm, will explore the possibility of an initial public offering (IPO) on the London Stock Exchange later this year after its partners voted in favour of the strategy.
On Wednesday, the firm said an IPO on the premium segment of the LSE will allow it to accelerate the expansion of its legal and advisory services as well as offering the opportunity to invest in “high growth potential opportunities contiguous to its current operations”.
Lawyers Mishcon de Reya could become the largest business of its kind to list on the stock market after partners voted to explore a float.
The London firm, which represented Princess Diana in her divorce from Prince Charles, has roped in JP Morgan to advise on an initial public offering
Few law firms list on the stock market, as most operate under a partnership model.
Float plan: Mishcon de Reya represented Princess Diana in her divorce from Prince Charles
This means that senior members, or partners, own the firm and share the profits. But they also have to fund extra investment, and Mishcon wants to expand.