Following in the footsteps of Australia’s Slater & Gordon, the first major law firm to go public, regional midmarket firm Gateley is poised to become the first in the U.K. to tap the public markets as it plans a potential listing on the London Stock Exchange’s Alternative Investment Market.
The Times of London reported Sunday that Gateley is working with New York-based investment bank Cantor Fitzgerald on the AIM listing, which could value the firm at about $210 million. Gateley management has met with London investment fund managers in recent weeks to outline the firm’s plan to list on AIM this summer, according to the Times. (AIM is a submarket of the LSE that caters to smaller companies.)
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