Lawyers consider ‘virtual’ firms in response to coronavirus September 9, 2020 A growing number of lawyers are pivoting to “virtual” firms as they consider life outside of the traditional office environment due to the pandemic. There has been a seven per cent rise in the number of lawyers at virtual firms in the UK since the outbreak of coronavirus according to business advisory firm Hazlewoods. There [...]
Law firm DWF raises £95m in first-ever main market legal listing March 11, 2019 Law firm DWF has today raised £95m in the first main market float for a law firm, valuing the business at £366m. DWF is by far the largest of the handful of law firms to have listed on the stock market and is the first firm with a large international footprint to have gone public. [...]
City Moves for 20 March – who’s switching jobs at Crowell & Moring, Delta Capita and DWF? March 20, 2019 Who’s switching jobs today? Crowell & Moring Andrew Knight is joining Crowell & Moring’s London office as a partner in its corporate and financial services practices to strengthen the firm’s ability to advise clients on debt finance and asset-based lending.His practice focuses on international financial law in the context of asset-based lending, syndications, restructurings, loan [...]
Law firm DWF aims to raise £75m in pre-Brexit March float February 8, 2019 Law firm DWF said it is targeting a March listing on the London Stock Exchange, with plans to raise £75m. That would make its listing the largest undertaken by a law firm so far, outstripping Knights which raised £50m in June. The firm said it expects to announce the final offer price following its marketing [...]
Ashtead sees profit fall a third as construction recovery slows September 8, 2020 Construction equipment hire firm Ashtead saw profit fall over a third in the first quarter as the coronavirus pandemic squeezed building activity around the world. Despite what it called a “resilient” performance over the coronavirus lockdown period, revenue and profit both fell in the period. Shares slipped nearly one per cent as markets opened. The [...]
Law firm DWF announces intention to float in UK’s largest legal listing January 31, 2019 Law firm DWF yesterday announced its intention to float on the main market of the London Stock Exchange in what would make it by far the largest law firm to go public worldwide. The firm would become just the sixth publicly traded UK law firm, the first to list on the main market and the [...]
Hybrid law firm and funds adviser MJ Hudson targeting December float December 5, 2019 Hybrid law firm and fund adviser MJ Hudson is lining up a mid-December listing on London’s junior market. The firm has appointed broker Cenkos Securities to advise on the float and has issued a schedule one document as a first stage in the listing process. The firm was founded by former SJ Berwin private equity [...]
FCA confirms three-month freeze for car finance payments April 24, 2020 The Financial Conduct Authority (FCA) has confirmed a three-month payment freeze for car finance payments, ruling out repossessions of vehicles during the coronavirus pandemic. Firms will freeze payments for customers facing difficulties meeting finance or leasing payments due to coronavirus. The financial watchdog said firms should also not take steps to end the agreement or [...]
FCA extends credit card payment freeze until October July 1, 2020 A credit card payments freeze could be extended for another three months for customers still suffering from the economic impact of coronavirus, the financial watchdog said today. After imposing a three-month pause on repayments for those struggling amid the fallout of the pandemic on the economy, the Financial Conduct Authority (FCA) has said firms must [...]
Half of top law firms had less than one month’s cash pre-coronavirus crisis May 4, 2020 More than half of the UK’s top law firms have insufficient cash on their balance sheets to cover one month’s operating expenses, according to new research. Analysis of the limited liability partnerships (LLP) accounts of 40 law firms with a combined revenue in excess of £15bn by litigation funder Augusta Ventures found 55 per cent [...]