A number of Linklaters partners could be in line for a five-figure windfall if they choose to cash in shares they received in lieu of fees during the dotcom boom. Roughly 25% of the existing partnership, as well as a number of ex-partners, still hold a stake in online betting company Betfair, which listed on the London Stock Exchange late last month (22 October). The firm gained the shares through an equity-for-fees arrangement agreed more than a decade ago.
November 02, 2010 at 02:26 AM
1 minute read
The original version of this story was published on Legalweek
A number of Linklaters partners could be in line for a five-figure windfall if they choose to cash in shares they received in lieu of fees during the dotcom boom.
Roughly 25% of the existing partnership, as well as a number of ex-partners, still hold a stake in online betting company Betfair, which listed on the London Stock Exchange late last month (22 October). The firm gained the shares through an equity-for-fees arrangement agreed more than a decade ago.
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