Australian law firm listing hit by delays
The first-ever stock listing of a legal practice will now take place in February after being dogged by delays. Australia's ILH is planning to lodge an amended prospectus in late February.
January 10, 2007 at 11:51 PM
1 minute read
The first-ever stock listing of a legal practice will now take place in February after being dogged by delays. Australia's ILH is planning to lodge an amended prospectus in late February. It had originally planned to float in December and raise A$14m (£5.5m), but the Australian Securities and Investments Commission put an interim stop order on ILH's original prospectus in October. ILH will own three mid-sized Australian firms – Talbot Oliver, Brett Davies Lawyers and Durack Zilko.
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