Sir Nigel Knowles, chairman of DWF, received shares worth £3.3 million after the law firm listed in London David Bebber for The TimesThe boss of DWF has become one of the wealthiest lawyers in the City after the mid-tier law firm broke new ground for the industry by listing on the main market of the London Stock Exchange. Andrew Leaitherland, 49, who has run the firm since 2006, was handed shares worth £8.7 million. The flotation is the first for a big law practice since Slater & Gordon was listed in Australia in 2007. It is also the first initial public offering in Britain this year. Sir Nigel Knowles, 61, DWF’s chairman, received shares worth £3.3 million, while its 243 partners will share £232 million of shares, equivalent to 63.5 per cent of the business, with the bulk of those owned by its 69 equity partners.

Source: The Times March 12, 2019 00:00 UTC