The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
ABOUT 190 companies have been listed on the alternative investment market (AIM) since its inception 13 months ago.
AIM is a successor to the unlisted securities market (USM) and is designed to give smaller companies greater access to capital to help build their businesses.
Corporate finance partner Paul Cooper at Bristol firm Bevan Ashford said AIM has been a tremendous success.
"It has seen its market capitalisation grow from £52 million to £3.4 billion, raising £350 million along the way," he said.
Companies seeking an AIM listing are not burdened by the USM requirement of having to demonstrate a two-year financial record. Nor is the cost of entry as high as for a full stock market quote.
The result is that start-up operations can find the money to expand their companies rather than rely on the goodwill of banks. This is an important development for embryonic British groups. Traditionally, they have found funding more difficult than their US counterparts, where the enterprise culture has firmer roots.
On the other hand, some commentators have worried that the easier entry requirements for AIM companies could lead to an upswing in corporate failures.
But Paul Cooper at Bevan Ashford disagrees. He said: "The key to AIM's success is the system of nominated advisers that appears to have deterred the corporate cowboys feared by the critics.
"Each company has to secure the backing of one of 58 advisers from a list vetted by the Stock Exchange."
This is obviously no guarantee that companies are not going to go belly up. Moreover, AIM has been lucky in that its introduction has coincided with a bull market.