Linklaters partners set for five-figure windfall from Betfair IPO
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.
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.
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