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Analysis

Direct Listings No 'Doomsday' For Law Firms

By Tom Zanki (January 23, 2018, 6:24 PM EST) -- Spotify Inc.'s plan to pursue a direct listing, avoiding the need to hire underwriters to issue new shares as in a conventional initial public offering, highlights the loss of work investment banks face under such a scenario, yet indicates law firms would suffer far less impact because the legal effort remains mostly the same, experts say....

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