There are five reasons why Mishcon is likely to opt for an IPO, and while it would certainly shift the firm away from its reliance on partner capital and bank debt, none of those reasons is actually about the availability of cash.
The team behind DWF’s recently-launched consulting arm has drafted a three-year growth strategy aimed at driving new revenue out of alternative business service lines, one of the key points expressed in its IPO prospectus. Last month, the firm, which made its debut on the London Stock Exchange earlier this year, started DWF regulatory consulting by […]
Keystone Law, the listed flexible working legal services business, today confirmed that it would not be paying shareholders a dividend when it announces its full-year results for the period ended 31 January 2020, blaming the “uncertain” and “unprecedented” times resulting from the Covid-19 crisis. The company stressed that despite the deferment of the dividend, which […]
McDermott Will & Emery has hired a finance partner from Reed Smith, the latest in a string of senior laterals to join over the past few months. The US firm has taken on longtime Reed Smith London partner Ranajoy Basu. The finance lawyer has spent over seven years in the City outfit of the US […]
The changing dynamics between firms’ corporate and restructuring teams was highlighted this week, while listed law firms brace for tough times due to the coronavirus pandemic. Here are the key takeaways. What a time to be a restructuring lawyer If you’re a corporate lawyer right now, you’re probably still flat-out speaking to clients as they […]
DWF has braced its investors on the impact of the coronavirus on its business, highlighting that will seek additional contingency facilities from its lenders. The firm said this was needed to ensure it has “increased headroom for working capital purposes and a relaxation of certain covenants for a period of time.” It already has an […]
The High Court has delivered another blow to businessman Hamdi Akin Ipek, after it granted a freezing injunction that prevents him from using funds held by a Turkish mining conglomerate. Ipek wanted to use millions of Koza Ltd’s funds to pay for a personal international arbitration dispute between him and the Republic of Turkey. Following […]
Business tycoon Philip Day has failed in a bid to make his former solicitors at Womble Bond Dickinson stump up the bill for his £450,000 fine imposed in 2017 by the Crown Court. Day was accused of causing the unauthorised cutting down of 43 trees and subsequent construction of a vehicle track in Cumbria. Criminal […]