Let’s hope they don’t rollercoaster like Slater & Gordon and yes it’s blindingly obvious the Macquarie will be their bankers.
Their entry page image implies the marketing campaing has already started
The Australian Financial Review reports..
Australia’s biggest law firm by number of partners, HWL Ebsworth, is readying for a sharemarket float that could value it at more than $1 billion and make its equity partners millions.
Street Talk can reveal HWL Ebsworth is considering joining the small group of listed Australian law firms, and wants to be in the position to front Australian fund managers and retail investors to assess their appetite for shares before the end of the year.
It is understood HWL Ebsworth has hired Macquarie Capital’s investment banking team to help with the preparations – including financial due diligence and writing the prospectus – and sell the deal to potential investors.
The firm’s top brass interviewed a handful of banks and stockbroking firms earlier this year with a view to floating as early as this year, sources said.
The pitch is expected to include HWL Ebsworth’s place in Australia’s legal market – the No.1 firm by partners with a national footprint and 273 partners – and its government and corporate clients, many of which have long associations with the firm.
Now we know why Martinez kept them all working in the office down in Melbourne which ended up with six employees contracting COVID.
This AFR report from Jul 16, 2020
The cluster has grown from four cases last week, which saw two floors of the firm’s Collins Street offices shut down for industrial cleaning.
Victorian Chief Medical Officer Brett Sutton said the six cases showed why people should not return to city offices.
When three cases were first identified at the firm last week, managing partner Juan Martinez told staff that “barring any issues”, they were expected to return to the office this Monday after deep cleaning had occurred. This was before the cluster had grown to six.
Mr Martinez told staff that the cases posed no risk to co-workers as they had not been at the office while infectious.
