Mishcon shelves floatation plans – Legal Cheek

London agency blames ‘market conditions’

Mishcon de Reya’s London workplace

London legislation agency Mishcon de Reya‘s deliberate itemizing on the London Inventory Change has been placed on maintain for the “foreseeable future”, it confirmed at present.

The outfit was anticipated to go public sooner or later this yr after 93% of companions voted in favour of the flotation in September 2021.

However in a press release issued at present a agency spokesperson stated:

“We can confirm that we have decided to put our IPO plans on hold for the foreseeable future due to market conditions. We remain an ambitious and bold business with a clear strategy and vision for our future.”

The choice comes some six months after the agency briefly postponed the itemizing, deeming the market to be too unstable.

If the flotation had gone forward, Mishcon would have turn out to be the sixth UK legislation agency to drift, becoming a member of the likes of DWF, Gateley, Ince Group and Knights, amongst others. The transfer would have additionally seen each member of employees, together with trainees and junior attorneys, turn out to be a shareholder within the agency.

The Legal Cheek Companies Most Record 2022 reveals the agency presents round 24 coaching contracts annually, with newly certified associates incomes a lately improved wage of £90,000.

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