One of Britain’s largest law firms, DWF, is set to list on the London stock exchange later this year with a valuation of up to £1 billion, The Times can reveal.
The flotation would be the largest in the legal world and the first for a big law firm since Slater & Gordon listed on the Australian stock exchange in 2007.
DWF has 3,000 employees and advises Marks & Spencer, Uber and Barclays. A listing could result in a multimillion-pound windfall for some members of the firm’s senior management, a small number of whom could be handed about £10 million of shares, making them among the best-rewarded lawyers in the City.
In the past 12 years DWF has grown from a small Manchester firm with