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

Playing the long game! Probably not. In future profits at 30% - 50% are likely to be the exception as publicly owned law firms build a model with fewer directors and look for an ROI in keeping with market norms. This is just the start and the industry will have to get used to the notion that the price of external capital is conformity. It rather begs the question why would any public company even imagine it might need hundreds of directors. After all what would their management functions encompass?

19-Jul-2011

9:59 pm