Law firm Carey Olsen has once again surpassed its competitors as the only offshore law firm to be ranked in the top 10 alongside UK and international law firms for the total number of stock market clients it advises, according to the Q1 2012 All Market Edition of The Morningstar Professional Services Rankings Guide.

Carey Olsen climbs from eighth to seventh position in the recent guide and gains more new clients than any other law firm listed in the top 20, including two FTSE100 companies, and sits 17 clients clear of the next offshore firm with the Guide stating: “The biggest gains on the total stock market went to Carey Olsen who won three new clients”.

The latest report also sees Carey Olsen join the top 10 table for legal advisers to the FTSE 100, in a meteoric rise from 20th to 10th place, for the total number of top 100 companies the firm advises listed on the London Stock Exchange (LSE) by market capitalisation.

In the Alternative Investment Market (AIM) tables, Carey Olsen rises from fourth to third position and is the only offshore law firm to feature in the top 10 for the number of AIM clients it advises.

Carey Olsen Chairman, John Kelleher, said: “Growing our position for the overall number of London listed companies we advise is something Carey Olsen has achieved both by retaining our current client base and by winning new clients from competitor firms. Our notable growth in the FTSE 100 table is something we are particularly proud of.

“The period reported on was one where many law firms lost clients as a result of a more challenging and competitive environment. These results reflect the skills and reputation of our corporate lawyers who continue to attract high calibre clients.”

The All Market Edition of the Morningstar Professional Services Rankings Guide lists institutional advisers and their quoted clients. Companies are drawn from UK and CI domiciled companies with equity shares fully listed on the LSE and UK, and international companies with equity shares that are listed on AIM. The information contained in the report is drawn from a variety of LSE sources together with updates made by the advisers with authorisation from their clients.