Irwin Mitchell, Sheffield law firm, mulls £500m IPO

Sheffield-based law firm Irwin Mitchell is working with investment bankers at Rothschild to explore plans for an initial public offering, according to news reports.

Analysts said the firm, which employs more than 2,600 staff, could secure a stock market valuation of up to £500 million.

Responding to the speculation, Irwin Mitchell said: “We’ve taken no decision to introduce external investment.

“We remain in a strong position financially with our existing bank facilities offering us sufficient firepower to invest further in the growth and transformation of our business.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.