Categories:UK

Irwin Mitchell puts flotation plans on a backburner

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  • They just came last in the Roll on Friday UK law firm staff survey.
    Damaged brands shouldn't float. They should take on board the comments and look to take action to correct the issues.
    In the same way the winner from 2012 (Dickinson Dees), took the survey comments on the chin and took appropriate action. They opted to merge with a larger lower middle tier firm (to change the culture) and restart with a new name / brand.

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  • The title they won suggests a floatation is unlikely because gold plating things tends to make them sink! This firm could fall quickly down the rankings now the PI gravy train is coming to an end. Desperately diversifying into real estate when a property market recovery is so far away is risky and the debt is starting to creep up . It will be interesting to see how they cope in a year where PI outfits will be competing hard against each other and there are new players coming into the market.

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