Statistics released in the ‘2002 AIM Guide’ show that Halliwell Landau was instructed by more AIM-listed companies than any other Manchester office last year.
More than 25 per cent of the companies chose Halliwells. Addleshaw Booth & Co came in second with 15 per cent of instructions, followed by Wacks Caller on 13 per cent.
Eversheds received 9 per cent of the instructions along with Lawson Coppock. Next were DLA, Eversheds and Fox Brooks Marshall, which were all instructed by 7 per cent.
Halliwells’ head of corporate Mark Halliwell said: “AIM was the most successful market last year in terms of companies coming to it and raising money. It’s a market that we’ve focused on particularly because there hasn’t been any private equity to speak of, and transactional work, although reasonable, has not been fantastic.”
AIM was reportedly the most successful market in Europe last year, attracting 38 per cent of new admissions. Halliwells expects the trend to continue as companies look for new investment.
“A lot of the bigger companies are coming down from the full list to AIM because they are not seen as important enough on the full list to attract sufficient investment,” he said.
He added that last year the firm advised on nine AIM listings in total, a figure which he hopes to double this year. So far the firm has advised on seven, with another two ongoing.