Law firm DWF confirms plans for stock market flotation

Law firm DWF Group has announced its potential intention to float on the London Stock Exchange.

The law firm has also reported 18.3% year-on-year net revenue growth for the six months ended 31 October 2018, “underpinned by 13.9% organic growth, an internal gross margin uplift of 305bps, and strong growth in its International and Connected Services divisions”.

Andrew Leaitherland, CEO of DWF, said: “This announcement is an important step for DWF and our future growth story, highlighting just how far we have come over the past decade. We have developed into a global legal business, providing an innovative and differentiated offering to meet the full spectrum of our clients' legal needs.

“We are delighted with our continued profitable growth through the first half of the year, with a significant increase in net revenue, net revenue per partner and internal gross profit, reflecting the ongoing success of our strategy.”

Leaitherland said the firm’s success had been driven by its differentiated business model and “ability to provide complex legal, managed and connected services, coupled with the benefits of technological innovation, while continuing to expand internationally to better serve our clients, globally”.

He added: “We are in a strong position for further expansion, allowing us to capitalise on the positive trends in the global markets in which we operate as DWF continues to thrive."