UK firm Irwin Mitchell considers alternative funding options

Personal Injury law firm Irwin Mitchell has revealed that it is in consultation with investment bank Espirito Santo, seeking advice on funding options ahead of the introduction of the Legal Services Act in October. The new legislation will open the way for law firms to secure sources of funding from outside the partnership structure. Irwin Mitchell – the 25th largest law firm in the UK – is believed to be seeking £50m in finds from an initial public offering (IPO), or private equity. The firm may use the cash to upgrade its IT systems or to acquire other firms.

UK firm Irwin Mitchell considers alternative funding options cityam.com Fri, Apr 29, 2011