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Law firm DWF Group planning potential initial public offering on the LSE's Main Market

DWF's chief executive Andrew Leatherland said: "We are in a strong position for further expansion, allowing us to capitalise on the positive trends in the global markets"
IPO sign
The IPO intention news came as DWF reported a 26% year-on-year jump in internal gross profit to £66.2 for the six months to October 31

Law firm DWF Group Ltd is planning for a potential initial public offering on the London Stock Exchange's Main Market and has said it expects to publish a registration document soon.

The company said it would have a free float of at least 25%, and expects that it would be eligible for inclusion in FTSE UK indices.

READ: Gateley shares jump as it posts solid first-half earnings

The IPO intention news came as DWF reported a 26% year-on-year jump in internal gross profit to £66.2 for the six months to October 31, as net revenue increased by 18% to £133.4mln.

DWF provides a mixture of legal services across its Commercial Services, Insurance and International divisions, and also provides a range of professional, business or consulting services.

The firm’s chief executive Andrew Leatherland commented: "We have developed into a global legal business, providing an innovative and differentiated offering to meet the full spectrum of our clients' legal needs."

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.”

The company said it has engaged Stifel Nicolaus Europe and Jefferies International to act as joint global co-ordinators and Zeus Capital to act as lead manager in the event the IPO proceeds.

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