Ian Rosenblatt’s law firm float attracts £24m valuation - News Summed Up

Ian Rosenblatt’s law firm float attracts £24m valuation


Ian Rosenblatt, of the law firm Rosenblatt, has retained a 21.1 per cent share in the business MICHAEL CRABTREE FOR THE TIMESIan Rosenblatt’s net worth was valued at more than £24 million yesterday as his law firm became the fourth to list on the London Stock Exchange. Since starting the niche litigation firm in 1989 Mr Rosenblatt has represented clients including Kelvin MacKenzie, the former editor of The Sun, Terry Smith, the fund manager, and the media tycoon Richard Desmond. The firm worked on the sale of the Daily Express and Mr Desmond’s other newspapers to Trinity Mirror this year. His law firm, Rosenblatt Solicitors, raised £43 million from investors including Blackrock and Fidelity Investments when it floated yesterday with a valuation of £76 million, making it the largest UK law firm flotation to date. Mr Rosenblatt retained a 21.1 per cent share in the business,…


Source: The Times May 08, 2018 23:02 UTC



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