Slaughters widens its lead in stock market client rankings

Slaughter and May has increased its lead in the rankings of total stock market clients, after closest competitor Pinsent Masons saw its total drop from 96 to 93.

Slaughters’ total number of listed clients remained static at 120, while Allen & Overy (A&O), Ashurst, Eversheds, Herbert Smith Freehills, Stephenson Harwood and Travers Smith saw their rosters increase, according to Adviser Rankings’ latest data.

In the Aim rankings, there were three familiar faces at the top. Pinsent Masons, Memery Crystal and Carey Olsen maintained their respective podium places. However, notable movers included Stephenson Harwood and mid-sized City firm Kerman & Co which both added two Aim clients, taking them from 31 to 33 apiece. 

Stephenson Harwood added investment fund Cambium Global Timberland, fuel company Kalibrate Technologies and oil and gas business the Parkmead Group to its roster, but witnessed the exit of gaming and tech company Webis Holdings. 

Kerman & Co saw mineral explorer client Centurion Resources re-named as FinnAust mining. Natural resources client Polo dropped from its Aim roster, but the firm also added natural resources investment company Galleon Holdings, investment company Octagonal and UK Oil & Gas Investments. 

Other firms to see an uptick in Aim clients during the three months to 5 February 2014 include Appleby, DLA Piper, Osborne Clarke and Gowlings. 

Slaughter and May is streets ahead in the FTSE 250 tables, with 47 clients on its books including 3i, Cable & Wireless, Ocado and FirstGroup. Linklaters leads the rest of the pack, with 29 clients – an increase of one on the last quarter.

Slaughters is also pummelling the opposition in terms of market cap. Despite its total number of Aim clients dropping in the period between November and February 2014, the total market cap of its clients increased by 7.8 per cent from £79.1bn to £85.2bn. 

Ashurst’s FTSE 250 market cap also jumped up by a quarter during the past three months, from £29.7bn to £37.4bn, thanks to the addition of two new clients. 

Slaughters, Linklaters, Freshfields and A&O also retained their positions at the top of Adviser Rankings’ FTSE 100 list, each with more than 20 top-tier clients on their books.

Despite Slaughters taking prime position, Linklaters’ clients have the highest combined market cap of the group. That was despite the firm losing one FTSE 100 client during the period, and witnessing its market cap drop by 5.3 per cent, from £824.1bn to £780.3bn. 

Total stock market clients      
Rank Feb ’14 Rank Nov ’13 Firm Clients Feb ’14 Clients Nov ’13
1 1 Slaughter and May 120 120
2 2 Pinsent Masons 93 96
3 3 Herbert Smith Freehills 92 90
4 5 Carey Olsen 87 88
4 4 Norton Rose Fulbright 87 89
6 6 Linklaters 80 80
7 7 Ashurst 79 77
8 9 Eversheds 73 69
9 8 Freshfields Bruckhaus Deringer 69 70
10 10 DLA Piper 64 65
11 11 Allen & Overy 61 59
12 13 Stephenson Harwood 60 57
13 14 Dickson Minto 53 53
14 12 Howard Kennedy FSI 51 58
15 15 Lawrence Graham 50 51
16 15 Mourant Ozannes 49 51
17 17 Memery Crystal 46 46
18 18 Travers Smith 45 44
19 20 Osborne Clarke 43 42
20 19 Berwin Leighton Paisner 42 43

 
FTSE 100 clients      
Rank Feb ’14 Rank Nov ’13 Firm Clients Feb ’14 Clients Nov ’13
1 1 Slaughter and May 30 30
2 1 Linklaters 29 30
3 3 Freshfields Bruckhaus Deringer 25 25
4 4 Allen & Overy 21 20
5 5 Herbert Smith Freehills 16 16
6 6 Ashurst 9 10
7 7 Clifford Chance 7 7
8 7 Addleshaw Goddard 6 7
8 9 Norton Rose Fulbright 6 6
8 9 Pinsent Masons 6 6
11 9 Eversheds 5 6
11 12 Hogan Lovells 5 5
13 13 Mourant Ozannes 4 4
13 13 Wragge & Co 4 4
15 15 Berwin Leighton Paisner 3 3
15 15 Burges Salmon 3 3
15 15 Carey Olsen 3 3
15 15 CMS 3 3
15 15 Davis Polk & Wardwell 3 3

FTSE 250 clients      
Rank Feb ’14 Rank Nov ’13 Firm Clients Feb ’14 Clients Nov ’13
1 1 Slaughter and May 47 48
2 2 Linklaters 29 28
3 3 Ashurst 25 23
4 5 Herbert Smith Freehills 24 22
5 3 Freshfields Bruckhaus Deringer 23 23
6 6 Allen & Overy 18 17
7 7 Eversheds 16 14
8 8 Pinsent Masons 13 13
9 9 DLA Piper 12 11
9 9 Norton Rose Fulbright 12 11
11 11 Dickson Minto 11 10
12 12 Addleshaw Goddard 10 9
13 15 Carey Olsen 9 8
13 12 Clifford Chance 9 9
13 12 Mourant Ozannes 9 9
16 15 CMS 8 8
17 20 Osborne Clarke 7 5
18 18 Nabarro 6 6
18 18 Shepherd and Wedderburn 6 6
20 20 Hogan Lovells 5 5
20 20 Macfarlanes 5 5
20 17 Travers Smith 5 7

 
Aim clients        
Rank Feb ’14 Rank Nov ’13 Firm Clients Feb ’14 Clients Nov ’13
1 1 Pinsent Masons 52 55
2 2 Memery Crystal 44 44
3 3 Carey Olsen 41 42
4 4 Lawrence Graham 38 39
5 7 DLA Piper 33 32
5 5 Field Fisher Waterhouse 33 33
5 8 Kerman & Co 33 31
5 8 Stephenson Harwood 33 31
9 11 Appleby 31 28
9 5 Fasken Martineau 31 33
11 10 Norton Rose Fulbright 27 29
12 12 Eversheds 26 26
13 12 Berwin Leighton Paisner 25 26
14 14 Osborne Clarke 24 23
15 15 Travers Smith 22 21
16 15 Fladgate 21 21
16 19 Gowlings (UK) 21 20
16 15 Watson, Farley & Williams 21 21
19 15 K&A Gates 20 21
20 X DWF 19 X

Source: Adviser Rankings in association with Crowe Clark Whitehill