Be careful!23 Mar 2022 21:44
History is littered with the bones of outfits that thought they could successfully take the law firm model out of a partnership. It’s never worked to my knowledge. For a law firm to be a success it needs top quality lawyers. They work for two things - money and the prospect of more money. That comes in the form of a realistic chance of partnership and a chance to share in the spoils. That’s not possible in a listed law firm so far as I can see. Before you invest here, have a look at how the top 50 law firms have performed throughout COVID. They have absolutely smashed it. Massive, record breaking profits. The RNS here is baffling to me in that context. All in my humble opinion based simply on the business model and my knowledge of how other firms have performed. All the best.