British law firms stop trading after management disputes.

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The pioneer of the UK's listed law firm model said that it would stop stock trading and could not find the funds necessary to secure the future in accordance with the long -term disputes between management.

RBG Holdings, which owns Rosenblatt and Memary Crystal, said on Tuesday that it stopped trading in the London aiming market after lack of progress in various strategic options that were explored to find the necessary funds on Tuesday.

The RBG has been one of the first law firms in the UK since the legal service law opened in 2011, and traditionally partnership law firms allowed external investments or allowed a rich legal company to the stock market. GateLey, a midlands company, was first listed in 2015 and RBG filed a lawsuit in 2018.

The announcement is over the turbulent period of the law firm group, and the stock has plunged due to imports and management ruptures. Ian Rosenblatt, the founder of RosenBlatt, attempted to deport RBGS chief executives and two non -executive directors just before Christmas.

The group announced this month that it has ended a consulting contract with the company due to the lack of consultants and consultants for RBGs and aggressive actions. But after a few days, RBG issued a statement that corrects the understanding and signed a new contract with Rosenblatt.

Rosenblatt did not immediately respond to the request.

When the Legal Service Act came into effect ten years ago, it was called Big Bang in the legal division and expects to check the traditional legal company model for centuries. But there was a limited take -up, and some companies were later listed.

DWF, one of the first companies that was released, was privately taken by Inflexion, a private equity fund company at the end of 2023. While there is a lack of appetite for listing, private equity groups have used the fact that legal companies can make external investments in recent years with betting on the legal industry in recent years.

As KPMG is currently trying to disclose the US legal market to an alternative business model, we are trying to win an alternative business model using the Arizona program that can own legal practices.

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