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Headline

Investec pitches external investment to top 50 UK law firms as ABS debate gathers momentum

Comment

Let's be clear about this - if there are external investors in law firms there will be winners and losers. The winners are the investors and the losers are the partners. Why? Because the current level of profit (presently all going to the partners) will have to be split - the first part going to the investors and the (reduced) balance to partners. Before even thinking about taking investment a firm must be clear about what it would use the money for - and generate a greater return from the venture than that to be paid back to the investor. What do law firms need to invest in? Production plants? R&D?

Posted date

16-Mar-2010

Posted time

1:25 pm

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