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Law In Business: Flotation buoys partner profits
Moves to allow law firms to float on the stock market are progressing. Tony Williams and Colin Ives say such a flotation offers partners numerous tax advantages, but warn there are also many pitfalls
Floating a law firm on the stock market presents partners with an opportunity to realise some of the value inherent in their firm and to benefit from any increase in its value. It also raises major issues between generations of partners, potential partners and lateral hires.
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