London-based Rosenblatt is hoping to raise £43 million ($58.5 million) from its initial public offering, according to a new filing ahead of its listing next week on the AIM, a submarket of the London Stock Exchange.

According to a public stock exchange filing, the firm expects to raise the money based on the placing of 36,842,106 new ordinary shares and 8,421,053 existing ordinary shares at an issue price of 95 pence per share, giving Rosenblatt an anticipated market capitalization of approximately £76 million ($103 million).

The target of roughly $58.5 million would make it the largest IPO to date by a British law firm, following Gateley’s first move in 2015, which raised £30 million. The other two IPOs by a pair of London-based firms, Gordon Dadds and Keystone Law, raised £20 million and £15 million, respectively, when they listed on AIM last year.

The filing by Rosenblatt also reveals that firm founder and senior partner Ian Rosenblatt will see his shares in the company more than halve from 59 percent to 21.1 percent after the listing. The other current significant shareholder, Cascades, an independent trust company, will retain a 14.4 percent holding in Rosenblatt, down from 26.4 percent.

New shareholders include Milton Asset Management Ltd. (15.8 percent), Fidelity Investments Inc. (6.6 percent), Blackrock Inc. (6 percent) and Canaccord Genuity Group Inc. (3.6 percent).

Rosenblatt, which focuses on litigation and contentious restructuring work, is a single-office London practice led by Rosenblatt, who founded the firm in 1989. According to its website, Rosenblatt has 19 partners. The firm is being advised on its listing by broker Cenkos Securities plc.

Recent high-profile work for Rosenblatt has included advising Northern & Shell Ltd. earlier this year on the $176 million sale of its newspaper business to Trinity Mirror plc. The firm’s relationship with Northern & Shell’s owner, Richard Desmond, dates back to 1983. In 2010, Rosenblatt also advised the newspaper proprietor on his €103.5 million purchase of Channel Five.