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DWF’s model is likely to enable it to raid other firms and offer remuneration packages which are very attractive indeed. Remuneration commensurate with rival firms plus the added incentive of tradeable shares ought to see rapid organic growth because DWF is no longer operating on a level playing field. It may have high debt levels now but it has removed the personal risks which most partners face and that will be tempting to a large number of lawyers who at the end of their careers will be able to cash in their shares assuming all goes well.

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