Law firm outlook

Business Services equity research analyst Robert Plant recently initiated coverage of the legal sector with an overview of trends and a close look at five listed companies.

The note looks at four themes:

  • The traditional partnership model is under pressure because it is difficult for young lawyers to invest in a partnership, particularly given the high cost of investment in technology and compliance.
  • It is a fragmented industry with scope for consolidation.
  • The sector is a defensive one for investors given the current market.
  • The five publicly listed law firms we cover recently reported a positive outlook.

The report looks at five listed law firms, all of which have a Buy rating: DWF, Gateley, Ince, Keystone and Knights.

For more information, please contact Robert Plant, below.

Robert Plant

Business Services - Support Services