FT quotes Europa Partners study: A&O would be valued at £2.6 billion and Slaughters’ partners would make £8 million
The Financial Times today (paywall) cites a study by corporate finance house Europa Partners suggesting that, if they were publicly-traded companies, each of the City’s Magic Circle law firms would – on the basis of their putative market capitalisation – enter the FTSE 100.
The FT report notes the correlation between a law firm’s valuation and its size, and quotes Robert Colthorpe, a Europa partner:
“Firms could consolidate with extra capital to bulk up, or develop different business lines to sit alongside lawyers…In a world where firms can a lot more, using financial positions to affect [sic] transactions in a different way and having access to non-partner capital could be strategically important.”
See also: IBM General Counsel opposes non-lawyer ownership of law firms
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Taylor Wessing to spin off its due diligence business
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