Personal injury specialist firm Maurice Blackburn has reportedly engaged Oaktower Partnership to advise it on an initial public offering on the ASX. The move would follow in the footsteps of rival firm Slater & Gordon, which went public three years ago.

Maurice Blackburn is believed to be considering a A$100m IPO, which would amount to a big payday for its stakeholders. The firm’s largest shareholders are believed to be chairman Bernard Murphy, the firm's medical negligence specialist Kathryn Booth, and another principal, Joshua Bornstein.

In FY08, Maurice Blackburn generated revenue of A$61m and paid out more than A$6m in dividends and salaries to its then 16 equity partners, according to ASIC – down from the A$10m paid out in FY07.