According to the Corporate Advisers Ranking Guide Q1 2014 which lists institutional advisers and their clients, Carey Olsen was the most often used legal adviser to LSE listed clients last year, a position it has retained since records started in 2005.
The law firms section within the Corporate Advisers Ranking Guide Q1 2014 ranks firms that operate within the UK legal market, including offshore law firms, by the volume of London listed clients advised each quarter.
In the current Q1 2014 report which reviews the final quarter of 2013, Carey Olsen has moved up by one position into joint fourth place for the total number of LSE clients it advises and is the top ranking offshore law firm with 87 clients, almost double the total number of clients compared to the next offshore law firm.
Carey Olsen continues to lead the AIM rankings table among offshore law firms with 41 clients, 10 more than its nearest offshore rival, retaining third position overall in the AIM table.
The report noted that last year saw “a busy quarter” for the law firm. Carey Olsen moved up two places in the FTSE 250 client tables, to thirteenth place from fifteenth. In the Small Cap/Fledgling category Carey Olsen has retained its position at fourth place advising 23 clients. The firm continues to advise three FTSE 100 clients maintaining fifteenth position in this table.
Carey Olsen senior partner, Graham Hall, said: “The rankings reaffirm Carey Olsen as offshore law firm of choice for companies choosing to list in London.
“Listing work during the last quarter continued to be prolific with a major highlight being our role in advising Riverstone Energy on the Guernsey aspects of its cross-border IPO on the LSE main market which raised $1.2bn (£760m), representing the biggest cross-border IPO on the LSE since November 2012.”
