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Slaughter and May might be associated with high-end UK corporates such as Diageo, Standard Chartered Bank and Marks & Spencer, but its client base is much broader than that.
Data from Adviser Rankings, formerly Hemscott and Morningstar, shows that the Bunhill Row outfit acts for more small-market listed clients by market capitalisation than any other firm, while by small-cap client count only Norton Rose Fulbright tops its figure of 26.
This week The Lawyer brings you a thorough analysis of Slaughters’ quoted client base, including details of an increased push into both Africa and the mining sector, partly through the second of its now-annual Africa conferences held at its London offices. Mining is one of its few sector focuses, with partners putting in a particular effort in the industry in the past year. Client wins to come out of this include Guinea-focused Bellzone Mining.
Slaughters’ energy practice still lags the firm’s hefty financial institutions sector group, which has 50 listed clients, compared with 20 in industrials, 20 in consumer services and nine in consumer goods. Quoted basic materials clients - including Bellzone, BHP Billiton and new(ish) client Croda International - number just four, while oil and gas is on two: Wood Group and Premier Oil.
The City’s most illustrious of legal names is making gradual but noticeable progress in one of the rising sectors for global law firms.