Categories:Corporate

Linklaters tops FTSE list for first time

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  • It is good to know there are now 170 companies in the FTSE 100. Good News.

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  • lol

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  • Good god you are stupid dave.

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  • Re Dave
    Of course, it could be that large companies tend to employ more than one legal adviser.

    What do you think Dave?

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  • The number of FTSE clients does not matter so much as what you exactly you do for them; and a firm like Slaughters will stay at the top in terms of complex deals, while Linklaters may rather take those deals which require rather breadth than depth, international reach rather than sofisticated legal work...So it can be hardly compared...This news is none..

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  • So you're saying that this measurement and resulting league table is meaningless because multiple legal advisers work for large corporates in varying roles . This is neatly reinforced by the fact that the total comes to 170 FTSE 100 companies and this, I suspect, was Dave's point all along.

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  • In all probability there are a great many more than 170 companies in the FTSE 100, because you'll notice that the table only includes firms that got two or more mentions. The previous posting, about the meaningless of tables like this is of course right - sort of. In fact, it can still be useful to know who is working for whom, and by cross-indexing client and advisor, you can typically make an educated guess at the type of work they're doing. If you're interested, Chambers Client Reports used to produce a similar table, and I believe still does, that's much more useful than Hemscott's because (a) it covers the FTSE 350, and (b) they phone the in-house teams and often manage to get some information on what areas of work particular advisors are being selected for.

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  • Most FTSE100 companies have formal panels, a more credible table would be to either only credit 1 firm as lead counsel (100 points in table) or to compile the panel appointments. This is just weighted towards the MC as most major corporates use a mix.

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