updated on 01 February 2019
DWF is to become the first law firm to list on the London Stock Exchange after confirming its plans to float on Thursday.
The listing is estimated to value £600 million. As Legal Futures reports, DWF plans to raise at least £50 million by making at least 25% of shares in the firm available to investors. The firm also believes that the listing will help to develop its international brand and boost the recruitment of new talent.
Posting its notice of intention to float, the firm said it plans to make a number of acquisitions if it is admitted to the stock market: “Acquisition priorities are to: (i) acquire new product, software and technology capabilities, (ii) improve the geographical coverage of existing service lines, (iii) gain additional complementary services and solutions for DWF’s practice areas and specialisms and (iv) build out DWF’s current consulting capabilities within the connected services market to take advantage of the sizeable market opportunity.”