Gateley (Holdings) PLC - The UK’s first listed law firm
Gateley Holdings is a national commercial law firm, which yesterday announced its intention to launch an initial public offering and application for admission of its ordinary shares to trading on AIM. This move will make it the first UK law firm to become a public company.
- A changing legal world The legal world has remained relatively unchanged for the past 800 years. It has been a largely closed, self-regulated market where solicitors charge by the minute and barristers wear almost exactly the same outfits as their 19th century predecessors. The legal marketplace has become stagnant, caused by a lack of willingness to change and move forward with the times, as other professional services have done. However in recent years, new legislation has come in that aims to transform the legal services market. In 2011, provisions of the 2007 Legal Services Act came into effect to…