Why Mishcon de Reya could kick-off rush of London legal IPOs

📆 3/13/2022 10:19 PM
📰 Evening Standard

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It was the kind of timing that a solicitor would wince at if their client was in the dock. Mishcon de Reya had spent months building its case for a planned listing on the London Stock Exchange — billed as the world’s largest legal IPO. It was expected to take place in the first quarter of this year.

Analysts predict the City firm won’t be the only legal business to join the public markets this year — though Mishcon, known for its elite football club clients, would be by far the highest profile.Almost a third of 200 legal partners surveyed by litigation funder Harbour said their law firm is actively considering a stock market listing in the next 12 to 18 months, while a quarter said a floatation was “already part of their post-pandemic strategy”.

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