Lovells and Gouldens are among the law firms to gain FTSE 100 clients as a result of the annual shake-up of the share index of the UK's biggest companies by market value
Both City firms act for engineering group Tomkins, which is set to rejoin the FTSE 100 later this month. Slaughter and May also counts Tomkins among its clients and is the firm to make the greatest - albeit still relatively modest - gains this year. Although client British Airways (BA) has been relegated to the FTSE 250 for the first time since the airline was privatised in 1987, the firm has bolstered its total of FTSE 100 clients thanks to healthcare group Alliance UniChem. All three companies to drop out of the FTSE 100 use magic circle firms as their main advisers. In addition to BA, Clifford Chance client International Power and EMI, advised by Freshfields Bruckhaus Deringer, have slipped from the list of the UK's top corporations.