Some 10% of clients invested in the business which now has a market capitalisation of some £100m. Staff and partners were also buyers of the new stock. Shares began trading in Gateley plc at 8am yesterday. After a brief rise of 20p, they went back to the original float price of £1 per share. 

Client numbers 

The company now describes itself as providing 'high quality, integrated partner-led, client-focussed legal services across five core groups to over 4,000 corporate and 1,500 private clients. These core areas are Banking and Financial Services, Corporate, Business Services, Employment and Pensions and Property'. 

Compelling opportunity

Nigel Payne, non-executive chair of Gateley, said: 'This is an exceptional achievement for the Gateley team. In a rapidly changing marketplace Gateley is pioneering the way for legally led professional services groups and offers a unique and compelling growth and income investment opportunity. I am extremely excited about the future for this entrepreneurial Group.' Source: Gateleys