Linklaters and Slaughters increase lead in FTSE 100 client tables

Slaughter and May and Linklaters have extended their lead at the top of the FTSE 100 client rankings for the second quarter of 2013, despite little movement in the market.


Stephen Cooke
Stephen Cooke

Data provided by Adviser Rankings show that the FTSE 100, FTSE 200 and Aim client tables remained largely static over the quarter running between 10 May and 2 August 2013.

Slaughter and May retained the top spot of the FTSE 100 table with 31 clients, an increase of one since last quarter (18 March 2013 ). The firm is being closely followed by Linklaters which added two additional FTSE 100 clients during the same period, bringing its count up to 30.

The two firms leave others trailing in the league table, with Freshfields dropping from 24 to 23 clients, Allen & Overy holding steady on 20, and Herbert Smith Freehills in fifth place losing one client to hit the 17 mark. In fact, Norton Rose Fulbright was the only other firm in the top 10 to gain a new FTSE 100 client in the last quarter.

“Sometimes we win new clients from other firms, and sometimes from pitching,” said Slaughter’s head of M&A Stephen Cooke. “We’ve been building relationships and doing new IPOs over the past year, for example those for Esure, Countrywide and Direct Line. That’s three new FTSE 350 companies,” he added.

The FTSE 250 table showed even less movement, with Slaughters maintaining pole position and increasing its client count by one to reach 47 in total. Freshfields closed the gap with Linklaters, currently second in the table, to gain an advantage of two clients on Ashurst who dropped into the fourth spot.

Pinsent Masons powered ahead of its closest competitor Memery Crystal in the Aim rankings, adding three new clients including frontier power generator Rurelec and life sciences company ValiRx. Field Fisher Waterhouse also added three clients, propelling it up the table from twelfth to eighth position.

The tables were compiled by Adviser Rankings, which was formed by former employees of Morningstar (previously Hemscott).

 
Adviser Rankings tables        
FTSE 100 clients        
Rank August 2013 Rank February 2013 Firm Clients, August 2013 Clients, February 2013
1 1 Slaughter and May 31 30
2 2 Linklaters 30 28
3 3 Freshfields Bruckhaus Deringer 23 24
4 4 Allen & Overy 20 20
5 5 Herbert Smith Freehills 17 18
6 6 Ashurst 10 10
7 7 Addleshaw Goddard 8 8
8 8 Clifford Chance 7 7
9 9 Eversheds 6 6
9 11 Norton Rose Fulbright 6 5
9 9 Pinsent Masons 6 6
         
FTSE 250 clients        
Rank August 2013 Rank February 2013 Firm Clients, August 2013 Clients, February 2013
1 1 Slaughter and May 47 46
2 2 Linklaters 27 28
3 3 Freshfields Bruckhaus Deringer 25 23
4 3 Ashurst 23 23
5 5 Herbert Smith Freehills 22 22
6 6 Allen & Overy 17 17
7 8 Norton Rose Fulbright 13 13
7 7 Pinsent Masons 13 14
9 8 DLA Piper 11 13
10 11 Clifford Chance 10 10
10 11 Dickson Minto 10 10
10 10 Mourant Ozannes 10 11
         
Aim clients        
Rank August 2013 Rank February 2013 Firm Clients, August 2013 Clients, February 2013
1 1 Pinsent Masons 56 53
2 2 Memery Crystal 45 43
3 4 Carey Olsen 41 39
4 3 Lawrence Graham 40 41
5 5 Fasken Martineau 32 35
6 6 DLA Piper 31 30
6 8 Stephenson Harwood 31 29
8 12 Field Fisher Waterhouse 30 26
8 6 Kerman & Co 30 30
10 10 Appleby 28 27
10 9 Norton Rose Fulbright 28 28
         
Total stock market        
Rank August 2013 Rank February 2013 Firm Clients, August 2013 Clients, February 2013
1 1 Slaughter and May 118 116
2 2 Pinsent Masons 98 95
3 3 Norton Rose Fulbright 92 90
4 3 Herbert Smith Freehills 88 90
5 5 Carey Olsen 86 83
6 6 Linklaters 80 75
7 7 Ashurst 74 73
8 8 Freshfields Bruckhaus Deringer 68 67
9 9 Eversheds 64 65
10 10 DLA Piper 61 62

Source: Adviser Rankings