UK-headquartered legal services business DWF is going ahead with its plan to go public.
The firm, which has offices in 4 continents including its four Australian locations – Brisbane, Melbourne, Newcastle, and Sydney – issued a statement on Thursday to update its IPO intention.
It says the documents have been submitted to the Financial Conduct Authority for approval.
It’s understood that equity partners will move to a fixed profit share of 40% of their current earnings and will then receive dividends based on their capital allocated to them. This is expected to mean they will continue to earn a similar income as currently, depending on market performance.
The listing is set to be the UK’s largest law firm IPO to date.
Norton Rose Fulbright names global real estate co-heads
Two partners at Norton Rose Fulbright have been named as the new global co-heads of the firm’s real estate practice.
London-based Dan Wagerfield, currently head of the firm’s real estate practice for Europe, the Middle East, and Asia; and Jane Snoddy Smith who leads the US real estate practice from Austin, Texas office; will jointly lead the practice, succeeding Peter Trevaskis.
Both are recognized as leading real estate lawyers by Chambers, Legal 500, and Who’s Who Legal.
King & Spalding hires Ashurst team for Paris office
Three former Ashurst lawyers will provide the basis for King & Spalding’s strengthened team of real estate lawyers across Europe.
The international firm has added partner Guillaume Aubatier, counsel Dorian Scemama and associate Malvina Dahan to its Corporate, Finance & Investments practice.
“Guillaume and his team represent further exceptional additions to our Paris practice and together with the other recent hires are prime examples of the sort of quality lawyers that we are proud to be attracting to the firm,” added Vanessa Benichou, office managing partner in Paris.