Law firm DWF announces revenue bump in first results since listing June 3, 2019 Law firm DWF said today it grew revenue 15 per cent in 2019 in its first trading update since it went public in March. DWF became the first law firm to float on the main market of the London Stock Exchange, raising £95m in a listing that valued the business at £366m. The firm said [...]
Barclays, Ruby Wax and mental health: How the banking giant is tackling stress in the City May 16, 2019 Square Mile careers are stereotypically fuelled by mantras such as "work-hard, play-hard", achieving "inbox zero", "surviving the rat race". All are excuses for raising your tolerance to stress. As a result the career pathways of the City are often littered with burned-out workers. Read more: Wellbeing should be top of the business agenda Unsurprising, stress [...]
Keystone Law beats market expectations in first full-year results since listing May 8, 2019 Keystone Law today posted a 35 per cent increase in revenue in its first full-year results since it became the third English law firm to float in November 2017. The firm beat market expectations with revenue of £42.7m and adjusted profit before tax of £5.1m. Keystone, which launched in 2002, operates a platform model, recruiting [...]
City Moves for 18 April 2019 – Who’s switching jobs at VGC Partners, TFoil and Lilium? April 18, 2019 Today's City Moves includes VGC Partners, TFoil and Lilium. VGC Partners London-based growth capital investor VGC Partners has appointed Andrew Lister as investment and portfolio director as the firm looks to invest from its £50m Fund II in high-growth consumer, media and technology businesses. Andrew joins from Marlin Equity Partners, where he spent over three years [...]
Network International valued at £2.2bn in London’s largest listing of 2019 April 10, 2019 Dubai-based payments company Network International listed on the London Stock Exchange today with a valuation of £2.2bn, the largest float of the year so far. It priced its shares at 435p per share, giving its a market capitalisation of £2,175m at the time of admission. Read more: String of banks appointed as Travelex-owner Finablr weighs [...]
String of banks appointed as Travelex-owner Finablr weighs London float April 9, 2019 Payments company Finablr said today it was examining a London initial public offering (IPO) and had engaged a raft of top banks to act as underwriters and advisers. The United Arab Emirates-based company, which processed $114.5bn (£87.6bn) of payments in 2018, published a registration documents today and said it was weighing a $200m IPO. Read [...]
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 [...]
UK law firms add 307 net new partners as legal sector grows despite economic uncertainty March 18, 2019 UK law firms added 307 net new partners last year as the legal sector continued to grow despite economic and political uncertainty. Figures from the Solicitors Regulation Authority showed that 4,594 lawyers were promoted to the top ranks of law firms, while 4,287 retired or left in 2017/18. Read more: Magic Circle law firms embrace the [...]
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. [...]
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 [...]