DWF valued at £366m ahead of £95m IPO this week

DWF valued at £366m ahead of £95m IPO this week

DWF will be valued at about £366m when it lists on the main market of the London Stock Exchange this week, making it the largest law firm float to date. The firm said today (11 March) the total offer size is £95m, at 122 pence a share, representing 26% of the company’s issued share capital. …

DLA global turnover surpasses $2.8bn in second year of growth

DLA global turnover surpasses $2.8bn in second year of growth

DLA Piper added 8% to its global top line in 2018, making for consecutive years of growth following a dip in 2016. The firm’s global revenue rose to $2.84bn, up on last year’s $2.63bn and continuing a bounce back from when the firm’s total turnover dipped below $2.5bn in 2016 because of exchange rate fluctuations across …

New Law champion Axiom announces IPO plans in trailblazing move for global legal market

New Law champion Axiom announces IPO plans in trailblazing move for global legal market

New Law pioneer Axiom is to make good on long-mooted plans to float in a potential milestone for the alternative law sector. Axiom announced today (19 February) that it has submitted a draft registration document for a proposed initial public offering (IPO) with the US Securities and Exchange Commission (SEC). The prospects of a public …

Hope floats: DWF seeks £75m from expected March IPO

Hope floats: DWF seeks £75m from expected March IPO

DWF is planning to raise around £75m in an expected listing on the London Stock Exchange next month. The firm said today (8 February) it expects to have a free float of at least 25% of its issued share capital following the initial public offering (IPO), with a final offer price announced following a marketing …

Cyber-attack hacks at DLA profit as strong UK performance lifts revenue 5%

Cyber-attack hacks at DLA profit as strong UK performance lifts revenue 5%

Growth in DLA Piper’s UK business has pushed the firm’s international LLP top line to £919m, but 2017’s cyber-attack has weighed on profit. The firm’s international (non-US) revenue for the year to 30 April 2018 grew £42.2m, or 5%, of which £29m related to the UK business. Stripping out the impact of foreign exchange, however, …

DWF equity partners stump up 60% profit share to fire up planned float

DWF equity partners stump up 60% profit share to fire up planned float

DWF’s equity partners will be paid 40% of what they used to earn in an anticipated stock exchange listing, although the resulting dividend yield on shares is expected to leave their total compensation not ‘a million miles apart’ from current remuneration. DWF today (31 January) released further details ahead of an anticipated London Stock Exchange …

In-house: Eversheds brokers Dyson sole adviser deal alongside fresh FSCS appointment

In-house: Eversheds brokers Dyson sole adviser deal alongside fresh FSCS appointment

Eversheds Sutherland has added to its suite of sole adviser relationships with a deal for Dyson’s global privacy mandate. Eversheds has been a leader on sole adviser mandates since its first in 2006 with Tyco, a relationship which continued after the security provider merged with industrial company Johnson Controls in 2016. The firm’s sole adviser role …

Knights talks up selective acquisition policy amid strong first-half financials

Knights talks up selective acquisition policy amid strong first-half financials

The chief executive of Knights says its listing last June  has instilled market confidence in its ability to deliver an ambitious acquisition pipeline. This comes as the law company announced a third law firm acquisition today (15 January) and reported a 37% increase in revenue to £23.9m for the six months to 31 October. Knights, the …