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Generally speaking venture capitalists fund companies that can either be acquired for a substantial sum, or that can go public. I don't know of any law firms th
by DaniFong 18y ago
Generally speaking venture capitalists fund companies that can either be acquired for a substantial sum, or that can go public. I don't know of any law firms that have gone public, nor law firms that have been funded by VC's.
- petercooper 18y agoGenerally speaking venture capitalists fund companies that can either be acquired for a substantial sum, or that can go public. There are investors in other industries who would not have "go public" as a condition, although they may not be VCs per-se. Law firms can be acquired for significant amounts though and they're usually very profitable, so there's an opportunity, but unlike technology/sciences/product development/retail it's really hard to weigh up the factors surrounding a law firm to establish the risk. I don't know of any law firms that have gone public It's pretty much unheard of (the first went public in 2007 - http://is.gd/cDks http://is.gd/cDks). There are lots of potential issues, such as loyalty to shareholders affecting attorney-client privilege. There are laws in the UK and US regarding this too. Don't quote me on this, but commonly non-lawyers cannot own shares in law firms in the US.
- curiousgeorge 18y agoWhat on earth would venture capital be needed for anyway? If you have clients you shouldn't need them.