Despite the uncertainties around Brexit, the regulatory environment and the economy in general, the majority of professional firms who took part in our annual Law Firm Benchmarking surprised us all in the last two years by demonstrating revenue growth, with a large proportion of firms also enjoying improved profits.
Six firms have now completed their admissions to London’s capital markets.
Going public offers professional firms a route to raise equity capital rather than relying on partners’ capital or bank debt. This allows firms to be flexible for growth by acquisition and retain partners. In a market where staff like to retain fluidity with their career prospects, the importance of being associated with a well-regarded firm is strong.
A successful flotation offers benefits for professional firms, although there are a number of factors to consider when undergoing an IPO. Our team can help develop a step by step plan to ensure you are ready to list at the right moment.
If executed well, an IPO can be one of the most transformative and rewarding events, but the level of work required to complete one is frequently underestimated.
In the current financial climate, timing the execution of an IPO is fundamental to its success. However it is often the case that deficiencies and stumbling blocks are identified well into an IPO process bringing stress and costly delays.
An IPO readiness review aims to identify potential issues before the process commences. This enables the path ahead to be cleared in an efficient and timely manner and therefore significantly shortening the IPO timeline when it is decided that the time is right.
With a focus on both the financial and commercial aspects of your firm, our primary goal is to understand what makes your business tick and your vision for the future. We aim to do this in an efficient manner whilst seeking to minimise the impact on senior management. Once this has been completed, we will issue a brief report containing practical advice and recommendations, highlighting and prioritising areas of concern.
Our IPO readiness reviews are performed by experienced members of our Capital Markets team in conjunction with specialist support from our professional practices team.