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Shearman & Sterling IPO to make splash across the pond?

"Now that the Clementi door is open, some firm is sure to walk through it," writes Bruce MacEwen, referring to a UK decision to allow third-parties to invest in law firms. "Across the pond, we're about to see an actual experiment that heretofore could only have been a thought experiment ... most dramatically, law firms could even go public through IPOs.

"Before we can become sullied by actual experience with this newly opened door, then, it's a matter of some urgency to forecast what it might mean ..." More here on MacEwen's opinion of different business models and services that could take hold, some of which are more capital intensive than others.

Posted by Product Team on May 19, 2005 at 05:59 PM | Permalink | TrackBack (0)


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