LSN in the United Kingdom reported that more than 40 per cent of the largest law firms are considering external funding through venture capital or private equity, a survey of 121 firms by accountants Smith & Williamson has suggested.
The survey also found that 20 per cent of firms would consider selling shares in themselves. Three quarters of the firms taking part in the survey had over 25 partners. Ten of the top 20 biggest firms took part, along with 59 of the top 100. (Editor: The article is no longer published by LSN)