Linklaters leads flotation business

Linklaters & Paines is leading the City on company flotation work. It has almost a third more flotations than its nearest rival Freshfields.

Linklaters, according to figures from KPMG Corporate Finance, has amassed 33 flotations in the period running from 1 January 1992 to 30 June 1994. By comparison Freshfields had 23 deals, followed by Ashurst Morris Crisp with 22 and Slaughter & May with 21.

Linklaters achieved its significant lead during the course of this year, adding a further 11 new flotations, with Slaughters and Freshfields adding another 10 each, and Ashursts adding four.

Scots firms Shepherd & Wedderburn WS and Dundas & Wilson CS have been involved in seven and four flotations respectively, compared with four and three by 31 December 1993.

KPMG also includes a list of advisers to the company for the first time. The list is dominated by the same firms which head the 'issue' tables, it says. But the spread is much wider with a larger number of firms acting on just one or two issues.