Publicly listed law firms – this was never supposed to happen again
Commentary by Peter Frankl Partners in a 100-partner UK-based commercial law firm, Ince & Co have agreed to sell their equity to a publicly listed law firm. Gordon Dadds will acquire Ince & Co International LLP and its affiliated entities to create the UK’s largest listed law firm by revenue. This ‘experiment’ has had its run in Australia and ended with the slow crumbling and eventual dissolution of listed law firm business, Integrated Legal Holdings (ILH). To oversimplify what went wrong at ILH, the partners who had sold their equity gradually left the listed firm. ILH’s investments not only walked out […]