Carey Olsen is the number one offshore legal adviser to London Stock Market (LSE) clients according to the Corporate Advisers Rankings Guide (Q2 2014).
The law firm increased its LSE clients by four, compared to the previous quarter, and has 40 more clients than the next ranked offshore law firm featured in the guide.
The Corporate Advisers Rankings Guide reports on advisers to FTSE 100, FTSE 250, AIM and Small Cap/Fledgling clients, listing institutional advisers against their quoted clients. Advisers are drawn from UK, Irish, Channel Islands and overseas-domiciled companies, with equity shares fully listed on the LSE, together with UK and international companies with equity shares listed on AIM.
The report shows rankings tables for auditors, financial advisers, financial PR advisers, law firms, registrars and stockbrokers based upon client numbers, client market capitalisation and client profitability across the main FTSE indices. Law firms that operate within the UK legal market including offshore law firms are ranked.
In the second quarter of 2014 Carey Olsen maintained fourth place for the total number of LSE clients advised and continued to be the top ranking offshore law firm with 91 clients – a position the firm established and has retained since records started in 2005.
Carey Olsen also continues to lead the AIM rankings table among offshore law firms with 43 clients, 10 more than its nearest offshore rival, retaining third position overall in the AIM table. In the Small Cap/Fledgling category Carey Olsen has retained its fourth position advising 23 clients. The firm maintains 15th position in both the FTSE 100 and FTSE 250 tables.
Carey Olsen chairman John Kelleher said: "As the guide shows Carey Olsen continues to be extremely active in advising LSE clients and we remain the offshore legal adviser of choice. Of particular note, in the quarter under review, was our work advising on the establishment of Kennedy Wilson Europe Real Estate plc which raised approximately £1 billion and is the largest ever real estate fund to be listed on the LSE."