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Irwin Mitchell: we’ll float and take on the mid-tier

The biggest advertising agencies and investment banks are listed. Staff costs forming a very high proportion of total costs is no impediment to law firms successfully listing per se. Clearly the biggest opportunity is for firms which are not currently in a leading position, and have the chance to use listing as a means to expand aggressively. However even the biggest firms could benefit, the thing which will hold them back is the perceived self-interests of the current partners in wanting to keep control, not the interests of the firms as businesses.

28-Apr-2011

10:27 am