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‘Stars aligning’ for boom in law firm IPOs in white hot London market

Mishcon de Reya is the latest law firm to target a stock market listing, as the sector outperforms the benchmark FTSE 100

More than £5bn was raised in debit share sales on the London Stock Exchange in the first three months of 2021 — the best first quarter since 2007
More than £5bn was raised in debit share sales on the London Stock Exchange in the first three months of 2021 — the best first quarter since 2007 Photo: Getty Images

Deliveroo’s flopped IPO and concerns about restrictive listing rules in London have led to fears that the City could be left behind by rival exchanges such as New York, Paris and Amsterdam.

One area where London does have the edge in the push to attract listings? The legal sector. The floating of law firms is illegal in much of Europe and the US but has been allowed in England since 2012.

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