A handful of lawyers at Australia's Slater & Gordon are due to share in a financial windfall in the world's first initial public offering by a law firm. The prospect of a Wachtell or Wilson Sonsini appearing on the New York Stock Exchange is still a distant one, but in the United Kingdom, law firm IPOs are likely to be a reality in the next few years. Some U.K. firms are already talking to consultants about the pros and cons of going public.
British Firms Watch Australia's Law Firm IPOs With Interest
The American Lawyer
June 6, 2007