Pinsents reigns over Aim listings as Stephenson Harwood and DLA make gains

Pinsent Masons has continued to dominate legal advice to the Aim market, increasing its yield of clients from 53 to 57.

The rise enabled Pinsents to pull further ahead of its closest rival Memery Crystal during the quarter ending 5 July 2014, upping its lead from 10 to 13 clients. 

According to the latest data from Adviser Rankings, Pinsent Masons, Memery Crystal and Carey Olsen continue to take podium positions in the Aim client rankings. 

The trio has remained relatively static at the vanguard of this market segment over the past year. Since July 2013, Pinsents grew its total number of Aim clients from 56 to 57. Memery Crystal upped its total from 43 to 44, while Carey Olsen grew its base from 40 to 43 (5 August 2013). 

However, firms including Stephenson Harwood and DLA Piper have made substantial in-roads into the market during that time. The former saw its total number of Aim clients increase from 31 to 39 during the past year, while DLA raised its tally from 30 to 36. 

Legacy Lawrence Graham has seen its total number of Aim clients slip in the wake of its merger with legacy Wragge & Co in May 2014. At this time last year, Lawrence Graham counted 40 Aim clients as opposed to 36 for the combined Wragge Lawrence Graham & Co in July 2014. 

That said, while its total number of clients has dropped, Wragge Lawrence Graham has bulked up its total number of FTSE Aim 100 clients by two, from six to eight – with a combined client capital of £5.01bn. That figure comprises 76.8 per cent of its Aim client total of £6.52bn. 

However, in terms of FTSE Aim 100 client capital, Wragge Lawrence Graham is pipped to the top spot by Slaughter and May. Slaughters’ four clients – Asos, Redde, Songbird Estates and Young & Co’s Brewery – have a combined client cap of £5.1bn. 

Addleshaw Goddard boasts more clients within the FTSE Aim UK 50, which a total of five. However, their total client cap of £1.52bn is just 30.9 per cent of the £4.92bn comprised by Slaughters’ three clients within that space.

All Aim clients      
Rank July 2013 Rank April 2014 Firm Number of clients July 2014 Number of clients April 2014
1 1 Pinsent Masons 57 53
2 2 Memery Crystal 44 44
3 3 Carey Olsen 43 43
4 4 Stephenson Harwood 39 35
5 6 DLA Piper 36 34
5 4 Wragge Lawrence Graham & Co 36 35
7 7 Appleby 35 34
8 7 Kerman & Co 34 33
9 7 Fieldfisher 33 33
10 10 Fasken Martineau 30 31

FTSE Aim 100 clients      
Rank July 2013 Rank April 2014 Firm Number of clients July 2014 Number of clients April 2014
1 1 Addleshaw Goddard 8 7
1 1 Pinsent Masons 8 7
1 3 Wragge Lawrence Graham & Co 8 6
4 3 DLA Piper 7 6
5 5 Eversheds 5 5
6 6 King & Wood Mallesons SJ Berwin 4 4
6 6 Mayer Brown 4 4
6 6 Olswang 4 4
6 6 Osborne Clarke 4 4
6 6 Slaughter and May 4 4

FTSE Aim 50 clients      
Rank July 2013 Rank April 2014 Firm Number of clients July 2014 Number of clients April 2014
1 1 Addleshaw Goddard 5 5
2 3 Eversheds 4 3
2 2 Osborne Clarke 4 4
4 3 Bird & Bird 3 3
4 3 Pinsent Masons 3 3
4 3 Slaughter and May 3 3
4 N/A Wragge Lawrence Graham & Co 3 N/A
8 8 Ashurst 2 2
8 N/A DLA Piper 2 N/A
8 8 DWF 2 2
8 8 Herbert Smith Freehills 2 2
8 8 Mayer Brown 2 2
8 N/A Memery Crystal 2 N/A
8 8 Morrison & Foerster 2 2
8 3 Olswang 2 3

Source: Adviser Rankings